When you are injured in an accident or experience property damage, it can be stressful and sometimes downright traumatic. You don’t need insurance companies piling on by employing bad-faith tactics.
What Is Insurance Bad Faith?
Bad faith is broadly defined as dishonest or unfair practices. Insurance companies are required to thoroughly investigate, negotiate, and settle claims in good faith. When that doesn’t happen, they can be held liable.
To pay as little as possible, some insurance companies utilize the following bad-faith tactics:
- Unreasonable delays. Sometimes insurance companies will drag out the process, hoping that a claimant eventually gives up. Most states have established deadlines of 15–60 days for denying or accepting a claim.
- Deceptive practices. You might be unaware of a facet of your coverage. The insurance company is completely aware, yet they do not alert you. They might also choose not to notify you of important deadlines or provide the necessary paperwork to complete your claim on time.
- Incomplete investigation. If the insurance company does not look at all the evidence or fails to conduct a personal inspection, they haven’t been thorough.
- Lowballing. Offering less money than a claim is worth is an example of bad faith.
- Refusal to pay a valid claim. When insurers deny claims that are clearly covered by their policies, it’s evident that policyholders’ interests come in a distant second to profits.
- Twisting language. An insurance company may purposely misrepresent the language of the insurance policy and use it against you.
- Threats. Some insurance companies threaten harsh legal action against a potential claimant- or imply it.
If you have been the victim of bad-faith insurance practices, contact an experienced insurance-law bad faith attorney to protect your rights.
If You Have Been Injured A Bad Faith Attorney Can Help
If you or someone you love has suffered injuries in a car accident, or otherwise been harmed by insurance bad faith, you have rights that can be protected. In addition to these helpful tips on keeping a journal, an experienced attorney can provide information and guidance that will help you be as successful as possible. In Alaska, attorney Ben Crittenden has helped many accident victims obtain the justice and compensation they deserve, and he may be able to help you, too. Subscribe to his free newsletter to learn more about what he does and the legal options available to Alaska accident victims.