What Does An Insurance Bad Faith Lawyer Do?
People often rely on their insurance if something might happen. It does not matter whether it is car insurance after a serious car accident or a medical insurance, upon discovering that you have a severe illness or an injury. An individual pay his or her premium every month not because he enjoys paying it but rather is more like their savings that if ever something might happen they will be able to get compensation out from their insurance company.
There are some companies that looks for any excuse not to pay for the honest customer that have been paying his or her policy every month as a protection. When an insurance company tries to make their way out of the contract to pay their customer then the company is engaging in an insurance bad faith.
Insurance bad faith is a legal term that is used to describe a tort claim wherein an insured individual have something against the insurance company due to its bad acts. In the US alone, these insurance companies owe a duty of having good faith while dealing fairly with the people that have been insured by their company. Once a person enters into an insurance contract this is automatically the duty of the insurance company. If the insurance company breaks this duty, they are be sued by the client as well as breaching their contract claims. Any insurance company who do not uphold their part of the bargain will be sued for its civil wrong doings.
At the end of the day, the insurance company will be forced to pay more in damages than that of the original face value of the policy.
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It does not matter what type of insurance or insurance company you have, what is important is that they are able to uphold their agreements towards its policy holder to act as a good faith. Finding small loopholes in the contract just to sneak their way out of the contract, then the insurance company is upholding it duty is a bad faith. An insurance company will be sued for practicing bad faith.
Health insurance, life insurance, auto insurance and long term disability insurance are the insurance companies that are often sued for bad faith.
As soon as the insurance company have unreasonable delays, denies your payments of you claims, then you need to seek the help of an insurance bad faith lawyer where he or she will be able to assist you in pursuing your financial compensation that you deserve.
Insurance company that acts as a bad faith is always liable for the insurance contract. Since your insurance company acts in a bad faith; they will compensate you on both financial and emotional distress.