Have you ever put your own interests ahead of someone else’s? Sure, it may have felt good to get your way for the moment, but you most likely felt badly about it later and decided not do it again. While you have learned your lesson, why is it so hard for insurance companies to learn this same lesson? Instead, each and every year insurance carriers put their interests ahead of their customers and act in bad faith by refusing to pay insurance benefits on valid claims.
Even though insurance litigation lawyers, like our law firm, take insurance companies to court over bad faith violations, it doesn’t seem to stop them from trying to get away with doing it again and again to policyholder after policyholder. Although we may be able to help you recover benefits that are due to you under your insurance policy, another policyholder may accept the insurer’s answer and consent to too low of a settlement or claim denial. This is why insurers continue to act in bad faith, knowing that they will get away with it at some point.
Bad Faith Insurers Are Subject to the Law
Insurance companies owe their policyholders many duties, including a responsibility to act in good faith. Your policy is a contract and it requires the insurance company to pay benefits if certain conditions occur. When an insurer violates their duties to you by delaying payment, paying less than the full value of the claim, or refusing to pay a legitimate claim, they have acted in bad faith. When this happens, you can sue your insurance company for acting improperly, participating in unfair practices, breach of contract, and breach of a common law duty to use good faith.
When they wrongfully refuse to pay you under your policy, you may be entitled to recover money for the insured event, out-of-pocket expenses, interests, penalties, and legal fees. While it may be intimidating to stand up to the insurance company, it isn’t for experienced insurance claim attorneys. For help getting the benefits you deserve, call the Voss Law Firm today to find out if the insurance company acted in bad faith regarding your claim. You can reach a knowledgeable insurance litigation lawyer at 888-614-7730 for a free consultation and also request a free copy of attorney Bill Voss’s book: Commercial Property Owners Must Read This BEFORE Filing an Insurance Claim.
