You pay your insurance bills month after month, and you expect your insurance to cover you after an accident or injury. However, insurance companies are notorious for trying to minimize the compensation they are forced to pay out.
Don’t simply accept the low figure that your insurance company offers. Fight for the money you deserve by hiring an attorney who has the necessary experience standing up to large insurance companies and demanding different results. Here’s what you need to know to handle a denied insurance claim.
Invoke the Term “Bad Faith”
Insurance companies have an obligation to act in “good faith” when handling claims. It is expected that they only deny claims if they have legitimate reason to do so. However, this doesn’t always stop insurance companies from denying claims in order to save money. This is known as acting in “bad faith.”
If you double check that your claim wasn’t denied for a legitimate reason, such as your failure to pay premiums, and you suspect that your insurance company has acted in bad faith, take the following steps to pursue your denied claim. [Read more…]