How to Resolve a Bad Faith Insurance Case
Bad faith insurance claim does happen. And this might be for your business, house, or even for you and your family. You might think that by paying the policy due in time, you will gain easy access to the compensation money by the time you need it. But just like any other businesses, there are good and bad insurance companies. Some prioritize their profits above everything else, including their client’s life.
Identifying the Signs
Bad faith insurance does not always mean a claim rejection. What ‘bad faith’ represents is the company’s fraudulent intent to outsmart their client. By the time the claim gets denied, they have a strong ground to support their decision, even though you are also in the right position and status to claim the compensation money.
Therefore, it is not going to be easy to prove whether the insurance company has violated their policy or not. And needless to mention, experienced frauds are the best at what they do. They are going to be as deceitful as they can. Being able to see the signs of scamming intention can give you time to do the necessary legal steps.
First, the typical trick is to make your claim documents seem like they are inappropriate. And in that situation, holding a copy of the claiming procedure enable you to find out directly if the company is playing tricks on you.
Second, they process the document longer that it is supposed to be. You have every right to be mad at the company if the document processing for claiming takes more time than they have promised. You must be on time for every schedule of taking and submitting documents to see who violates the terms.
Third, the claim might be signed as approved, but the compensation money takes forever to reach your hands. In such a case, check with the bank directly if there were any errors or if it is the insurance company who is reluctant to fulfill their duty.
Hiring a Lawyer
Do not think that after you gather the evidence by yourself, you can bring everything to go public. By doing so, you make yourself responsible for defamation on the company’s name.
They can defend themselves by saying that if the matter were kept among the stakeholders, they would have resolved it in good faith. Experienced fraud is very dangerous to deal with. And that is when you need a lawyer.
A bad faith insurance lawyer knows the drill. They can spot fishy deals immediately, and build a strong case upon them. Besides, wit alone is not enough to sue an insurance company. Networking will also play its role. Usually, a law firm has a connection with mass media. It because both work for justice. One fight for it, while the other let the public know the truth of the fight.
Claim Your Right
If there was ever an offer of arbitration or solution that does not involve the court, do not accept it without suspicion. Tell them to give you some time to assess the loss you experience. Time and energy matter, so if you have wasted them on the case, you would be better to make sure that the company is going to pay for it. Be open with your lawyer too. Tell him/her what you want, and do not hold anything back, because once the case is done, there is no place anymore for dissatisfaction.
