Florida is a state where there are laws
governing how insurance companies treat and serve their policy
holders. Keep in mind that insurance companies may act in bad faith
when they do not want to pay on claims. At this point, do not dare to
work and represent yourself, instead, contact a credible attorney to
represent and assess you in the litigation process. Once the
insurance company refuses to pay the right amount of claim, otherwise
denies offering for the claim, it is the job of an expert and
experienced lawyer to enforce these insurance companies to face their
obligations on their policy holders.
A Description on Bad faith
Insurance companies are expected to
straighten and cover on the claims. This is what an insurance policy
is all about. It is a contract between you (the insured or the policy holder) and the
insurance company (the insurer). Say at a party held in your property and an accident happened. You were held liable for the tragic
incident. Whenever worse comes worst, wrongful death lawyer takes into action in defending their clients. They ensure that your
insurance company will cover on the damages. Since you were able to
purchase an insurance policy which covers any damages happening
within the property, instead of paying for the damages at your own
expense, the insurance company covers for it by providing the right
amount required to recover. However, when the insurer refuses to
provide the right amount of insurance claim, this is when an
insurance company acts in bad faith. The insurer is supposed to act
in good faith toward their policy holders. They must not withhold
benefits of the policy from the insured; else, it will be considered
as bad faith.
Reason in Committing Bad Faith
It is on these insurance companies’
self interest to fail to pay on the claims. Perhaps, it saves them
money. These companies receive hundreds and thousands of claims each
day. And there are several companies that deny on these claims. Only
a few people file a dispute on their claim, thus, allowing these
companies to keep millions of dollars out of it. For example,
hospital tragedies are unexpected.
Insurance companies may be able to assist policy holders however;
some may turn in bad faith. It always makes matters worst whenever
they wrongfully deny on paying the amount of claim.
Determine an Insurance Bad Faith Act.
There are different types of insurance
policies. Life, home, disability, and other types of insurance
policies always entitle the holder or the insured with full benefits
if it is a covered claim. If the moment comes when it is required of
the insurance company to pay to recover on the damages and they fail
to do so, it is considered an insurance bad faith act. Even a delay
on the pay of the insurance claim is an act of bad faith. An example
of this act to further explain is when an insurance company fails to
promptly investigate a claim.
At any rate, it is an essential to
contact and hire a lawyer to assist on the proceeding.
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