INSURANCE BAD FAITH

It doesn’t require a law degree to understand that Insurance companies provide policies and services for one reason: to make money, and not always to help you. Unfortunately, that realization comes for many clients after a harsh, unfair, or even unlawful dealing with an insurance company.

It’s important to keep in mind that even if the insurance agencies seem to make great efforts or act as if they’re doing you a favor, often they are settling to their advantage and your loss. Insurance policies are contracts, and like all contracts, they are legally responsible for holding up their end of the bargain just as much as any client is. This clause is monumentally essential when it comes to filing an insurance claim. Often on high-cost claims, insurance companies look only to preserve their long-term interests as a company, instead of an agency working on your behalf.

WHAT IS BAD FAITH?

Bad Faith is defined as an intentional dishonest act by not fulfilling legal or contractual obligations, misleading another, entering into an agreement without the intention or means to fulfill it, or violating basic standards of honesty in dealing with others. Most states recognize what is called “implied covenant of good faith and fair dealing” which is breached by acts of bad faith, for which a lawsuit may be brought (filed) for the breach (just as one might sue for breach of contract). The question of bad faith may be raised as a defense to a suit on a contract.)

Typical tactics include efforts to delay payment, undervalue a case, or deny an insurance claim altogether. This action is known as insurance bad faith, and despite what the agency may say, clients are well within their rights to sue their company for proper coverage and compensation.

Although a contract acts a guarantee many clients can feel powerless to advocate for their rights against a large insurance carrier. Insurance adjustors have every incentive to undervalue cases and save their company money. These adjustors, when faced with an expensive claim in front of them, and pressure to preserve the company’s interest may take drastic and sometimes illegal actions. Unfortunately, this is especially common among auto insurers and health insurance companies.

At the Beverly Hills Injury Firm, our team of trained Bad Faith lawyers can help you understand what you’re entitled to under your insurance contract, and ensure you get it, through negotiations or legal battles. We are well aware of the tricks insurers use to avoid payment on claims, and we have the resources and knowledge to take your case to trial, if necessary.

If you have been victimized by the improper or illegal actions of an insurance carrier, please call our offices today.

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