What Does Insurance “Bad Faith” Mean?
We are all required to purchase insurance for different things, such as when we drive, have employees, and more. We do these things because they’re required by law. We enter into an agreement with the insurance agency with the understanding that they will help us file claims while we make payments. We trust that they will be there in our time of need. Unfortunately, in many cases, these insurance agencies care more about keeping their profit margins high and settlements low.
If you have found your insurance company dragging their feet on a claim or outright refusing to pay you, you may be able to file an “insurance bad faith” claim with an experienced insurance attorney.
Examples of bad faith insurance include:
- Denial of a claim payment
- Delaying payment of claims for an unreasonable amount of time
- Unreasonable denial of coverage
- Withholding benefits without cause
- Unjustly cancelling your insurance policy
- Failure to investigate a claim in a proper and reasonable way
- Underpayment of your claim
- Undervaluing a claim
- Unreasonable interpretation in translating the language within your policy
- Refusal to settle or reimburse claims unfairly
It is important to speak to an insurance attorney if you believe any of these scenarios are occurring. Insurance companies employ lawyers to find ways to keep from paying you, or paying you very little. If you are paying an insurance company and have a legitimate claim, you deserve to get fair compensation quickly.
If you believe you have been treated in bad faith with an insurance company in Central Pennsylvania, or anywhere else in the state of Pennsylvania, please contact the experienced insurance attorneys at Atlee Hall LLP today.