Blog: Bad Faith Insurance
- When can policyholders fight bad-faith insurance efforts?
Nov 8, 2023
Navigating the aftermath of an accident, property damage or other loss is a stressful time for anyone. It’s a period when the terms of a comprehensive insurance policy should provide a safety net. Unfortunately, there are instances when policyholders must confront the unsettling reality of an insurance company acting in bad faith. Bad faith insurance practices refer to any insurer’s attempt to circumvent its obligations to policyholders. This could manifest as unjustified delays in handling...Read More - Why do insurance companies give lowball offers?
Aug 28, 2023
Being involved in an accident can trigger lots of uncertainty. If you are an accident victim, you may be entitled to compensation for the resulting damages. And this is where the insurance company comes in. But it’s not uncommon for the insurance company to act in bad faith by offering a settlement that is way too low. This is known as a lowball offer. But why does it happen? Here are three common reasons why...Read More - 2 reasons insurance companies decline claims unfairly
Jul 25, 2023
The insurance sector can be complicated. Businesses in the industry pride themselves, in theory, on protecting policyholders against certain risks, but this is not always the case in practice. Your insurance company may fail to act as promised by denying your claim despite what your policy says you’re entitled to receive. Unfortunately, how insurance companies work may contribute to some acting in bad faith. Here is how this can happen: 1. They want to keep...Read More - Has an insurance company refused to honor its policy?
Jun 2, 2023
Individuals and businesses invest in insurance policies to protect against both liability and risk. There is insurance to reduce liability while driving, for example, and also insurance to help business owners cover operating expenses if they have to suddenly close for reasons outside their control. Every type of insurance is subject to both Pennsylvania state and federal regulations. The insurance company typically has to fulfill its obligations as outlined in the policy documents when the...Read More - 3 ways that your insurer may try to cheat you
Feb 25, 2023
You probably think that buying insurance buys you peace of mind – mostly because that’s the story that insurance companies are selling. It’s incredibly frustrating, then, to discover just how far some insurance companies will go to avoid paying up when there’s a legitimate claim. Insurance companies use all kinds of tricks and bad-faith tactics to deceive consumers and deny their claims. Here are several methods they employ: 1. They reward their adjusters for denying...Read More - Is it time to file a bad faith insurance claim?
Jan 20, 2023
You’re a reliable person who pays your bills and lives up to your obligations. Likewise, you expect others to do the same and honor the commitments they made when you contracted with their company. One industry that routinely fails to live up to its contractual obligations to its customers is the insurance industry. Do you have any legal recourse in such situations? You can file a bad faith claim against your insurer While it’s not...Read More - Can you ask for punitive damages from the insurance company?
Nov 23, 2022
When you invest in insurance coverage, you expect the company to make good on its promises to you. You could go years without ever needing to make a claim, only to encounter major backlash from your insurance provider when you finally need support. You may eventually need to take your insurance company to court to get coverage or to hold it accountable for trying to deny or minimize a valid claim. Bad faith insurance practices...Read More - Did your insurance agent lie to you?
Sep 18, 2022
Trying to figure out the kind of insurance you need for your home or business isn’t exactly an easy job – and the average layperson has to rely a lot on the guidance of their insurance agent. This can be a serious issue if the agent is more concerned about closing the deal and getting a commission than looking out for your best interests. A lot of bad-faith insurance claims focus on the issue of...Read More - Is your insurer acting in bad faith or merely negligent?
May 25, 2022
People often assume that an insurance company will pay them as little as possible when they make a claim. To some extent, that’s true. Insurance companies don’t make money by paying out more than they have to. However, they do have an obligation to settle claims based on what your policy covers, the facts of the specific situation and the law. That means paying a fair amount on time. So how do you know if...Read More - How long is too long to pay your insurance settlement?
Mar 2, 2022
Every driver in Pennsylvania must carry liability insurance, and you may take for granted that you will have coverage when you need to make a claim. The biggest companies that insure drivers spend millions of dollars on advertising campaigns bragging about how quickly and generously they resolve big claims. When you get hurt or need to replace your vehicle after a crash, you expect that the insurance company will treat you fairly. Unfortunately, some insurance...Read More