BAD FAITH INSURANCE CLAIMS – WRONGFUL DENIAL, WITHHOLDING PAYMENTS, MORE
Florida Bad Faith and Unfair Claims Practices : What is “Bad Faith”? Under Florida Law, an insurance company is obligated to deal fairly and honestly when attempting to settle a claim. Those obligations include promptly settling a claim when it becomes reasonably clear that coverage applies. They must also provide their customer with a statement setting forth the coverage under which the claim is paid. When your insurance company fails to meet these standards and your claim is wrongfully denied, they may be liable under the law.
Bad Faith insurance claims may occur in connection with claims presented to your auto insurance carrier, or a claim that you file under your Homeowner’s Policy, your Life Insurance Policy or your medical, health and disability insurance coverage.
The typical “triggers” for a bad insurance faith claim include the following insurance company practices:
- Failure to investigate a claim in a reasonably timely and proper manner
- Withholding claims payments without a valid reason
- Delaying insurance claim payments that are clearly owed under your policy
- Wrongful denial of a covered claim
- Offering “lowball” settlements
- Nullifying or voiding an insurance policy after a claim has been presented for invalid or questionable reasons
Insurers are not in the Business of Helping People!
When you purchase a policy, you purchase it with the idea that if you have a need to collect on this policy, your insurer will act in “good faith”. Should your insurer withhold the benefits under your policy they are acting in bad faith, and a lawyer is needed to settle your claim.
Insurers know that many people will fail to dispute their claim which is why insurance companies try to avoid paying. Insurers are not in the business of helping people! Contrary to what they might want you to think, they are in the business of making money, and settling a claim costs them dearly. So they will try everything possible to discourage you from collecting what is rightfully yours! Don’t let this happen to you.
Why Should I Sue my Insurer?
Suing your insurer for Bad Faith enables you to recover the policy benefits to which you are rightfully owed. If the insurer has committed gross misconduct, it is possible that you could recover additional fees. Each case is different and Mr. Sapourn carefully examines your policy and your claim to make sure that you collect every penny to which you are entitled!
Greed can cause insurers to make bad decisions. There are many ways that they can use to convince you that your claim isn’t valid. If you have even the slightest doubt that they are in the wrong a lawyer can examine the facts and help you to decide the next step.
If you believe your insurer is not “playing fair”, then you need a seasoned and knowledgeable lawyer to help level the field. Mr. Sapourn has been an insurance industry insider for more than 30 years. He knows how to make insurers play by the rules.