Keywords: Bad Faith Claims, bad faith insurance claim, bad faith insurance claim attorney, bad faith lawyer
Bad Faith Claims are made by the policy holders when they feel themselves to be cheated by the insurance companies during their just claims. Insurance companies are expected to keep the promises they have made to the policyholders and act in good faith when the time of need arises. When this does not happen and the claimant has no option but to take the insurance company to court and work towards a bad faith insurance claim. If the result of the lawsuit filed by the victim is in favor of the claimant then the insurance company may have to shell out a compensation which is of a much higher amount than what the person would have received in lieu of the insurance claims made. An insurance company has a strong responsibility to see to the well-being of the policy holder. In the first party insurances the insurance company has to pay the compensation according to the valuation of the property which has been damaged. Bad Faith Claims may happen if the company during its investigation shows the valuation of the property comparatively less than what it is in actuality.
In cases where the policyholder holds a grievance against the insurance company for not keeping the good faith of the policy made, then a bad faith insurance claim attorney can be engaged to file a lawsuit against the insurance company. There are many situations when bad faith insurance claims can be made. Some of these may include, misinterpretation of the relevant facts of the policy during coverage, proper claim investigation failure, withholding of the benefits of the policy without any valid reason, denying coverage, underpaying of the claims or its undervaluing, unreasonable delay in the payment and so on. Other reasons for engaging a bad faith lawyer may be a reimbursement refusal without any reason or total cancellation of the claims or an unreasonable or abusive claims process. Such bad faith insurance claim can be seen in any kind of insurance policies such as health insurance, auto insurance, medical malpractice or homeowner insurance and life or disability insurance.
An insurance company is supposed to work in the best interests of the person who has made a policy with them. Negligence in giving the money deserved by the claimant is considered an offense on the part of the insurance company and in such cases the victim can approach a court of law via a bad faith insurance claim attorney who can not only help the policy holder to get what is due but also make the insurance company pay a hefty sum for all the mental harassment that the claimant has undergone. This will indeed be a fantastic victory for the policy holder. Such types of claims against the insurance companies happen on a regular basis and in most cases it is the claimant that wins in view of the fraudulent behavior of the various companies. However the final outcome of the bad faith lawsuits depends upon the competency of the bad faith lawyer who is representing the case.
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