Insurance Bad Faith

Insurance companies have a fiduciary duty to their policy holders. Your insurance company is supposed to act in your best interest. Too often, the insurance company fails to do this by delaying payment, wrongfully denying claims, and terminating insurance coverage or raising rates when they shouldn't.

 

Insurance companies may try to take advantage of an injured person or grieving family by trying to make a fast settlement before the injured party has a chance to seek legal advice. These settlements may be far less than the amount the injured person deserves.

 

Most insurance policies are very complex and may be interpreted in more than one way by the company. Your insurance company has claims specialists who may make the interpretation that is most favorable to the company. In certain cases, an insurance company may refuse to pay your claim even though it is due under your policy, which is considered "bad faith". These improper practices take place all too often because consumers are not aware of the true value of their claim.

 

An individual, no matter how smart or educated will almost always be at a disadvantage when trying to deal with an insurance company alone. Before you sign anything that you do not understand, you should contact an experienced insurance bad faith attorney at the offices of Tomblin Carnes McCormack, LLP.

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