Insurance Fraud and Bad Faith Insurance Practices
While some insurance claims are paid in full by various insurance companies, there are far too many people who are forced into accepting less than their actual damages due to their insurance companies’ practices.
Although many of us believe that our insurance companies are here to look after us at a time of need, the simple fact is that the insurance corporation’s purpose in the world is usually to make profit for their shareholders.
This corporate goal is often obtained by maximizing the money coming in from premiums and paying out as little as possible in claims. That corporate policy is finds its way all the way down the individual adjusters, who are often given bonuses based on how much they are able to reduce claims.
Some insurance companies such as Geico, have full time lawyers who are employees of the company and can spend all their time fighting against claimants.
A few of the bad faith insurance practices that we lawyers commonly see include:
- Failing to properly investigate a claim.
- Misrepresenting coverage and policy limits.
- Delaying communications with claimants.
- Denying claims without conducting reasonable investigations.
- Demanding unreasonable, unnecessary, over burdensome information prior to addressing claims.
If you do not feel that an insurance company has been dealing with you in good faith for your claim, or is trying to get you to accept less than the actual value of your loss, call me to discuss your rights. Whether yours is a claim for an automobile, homeowner, sinkhole, mold, flood, fire, or any other type of insurance, the consultation with me is free.
I can be reached directly at:
Toll Free: 1-888-821-3195
Phone: 727-821-3195
Phone: 813-438-4003