Insurance Bad Faith: An Overview

Despite the fact that many people pay top-dollar premiums for insurance services, it is not uncommon for an insurance company to fail to live up to their responsibilities to provide financial support in the event of an accident or natural disaster. While it is understandable that insurance companies are not charities and are trying to turn a profit like any other business, these companies in particular make money by selling a service that they hope you will never need to use. When you do eventually need their support, they will do nearly anything to ensure that you are paid out as little as possible – even if it may require unethical or questionable means.

What Is Insurance Bad Faith?

When an insurance provider employs unfair or dishonest procedures in order to improve their bottom line at a policy holder’s expense, they can sometimes be considered to be operating in bad faith. Simply put, “insurance bad faith” is a tort claim that an insured person can bring against an insurance company for deceitful or corrupt business practices.

A claim for bad faith can be brought for the following reasons:

• Underpaid claims
• Claim denials
• Delays in payment
• Cancellation of insurance following a claim
• Insurance agent misrepresentation

What Can I Recover?

With the help of a dedicated insurance bad faith lawyer, you may be able to recover fair compensation by filing a claim against your insurance provider. Consulting with an experienced lawyer will give you a better idea of what you may be able to receive, as eligible damages will vary for each situation.

Damages can be awarded for a variety of reasons, including:

• Contract damages for the value of your policy
• Compensation for your insurance claim
• Punitive damages to punish their actions

Retain Premier Legal Counsel Today – Call 833-7RIGHTS

If you have been treated unfairly by your insurance provider, a Houston insurance bad faith attorney from Dick Law Firm can help you fight back and pursue compensation on your behalf. With more than 1,000 clients served since 2008, we can guide you through the appropriate legal channels and maximize your chances of success.

Request a free case evaluation today to get started on filing a claim.