What Does An Insurance Bad Faith Lawyer Do?
For a person who has insurance rely on it whenever there are problem that will arise. Whether it is medical insurance or a car insurance after involved in a serious car crash, or you just discovered that you have a serious illness or an injury. An individual pay his or her premium every month not because he enjoys paying it but rather is more like their savings that if ever something might happen they will be able to get compensation out from their insurance company.
If something happens, some of these insurance companies look for excuse not to pay for the compensation that the honest customers is paying every single month as their protection. When an insurance company tries to make their way out of the contract to pay their customer then the company is engaging in an insurance bad faith.
Insurance bad faith is a legal term that is used to describe a tort claim wherein an insured individual have something against the insurance company due to its bad acts. The insurance companies in the United States owe their duty to their customers to provide good faith and deal with them equally. This duty is intended every time a customer enters into a form of contract. Automatically, if the insurance company breaks this duty they can be sued due to the breach of contract claims. Insurance companies can be sued for its civil wrong doings and in addition to the fact that they were not able to uphold their part of the bargain.
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Insurance company at the end of the day will have to pay more than that of the original face value of the policy due to the damages incurred by the policyholder.
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No matter what type of insurance it is their duty to uphold what is written in the contract to act as a good faith to its policy holder. If they try to look for any loopholes in the contract for them to wiggle their way out then they are acting in a bad faith. Insurance companies are sued if they practice bad faith.
Health insurance, life insurance, auto insurance and long term disability insurance are the insurance companies that are often sued for bad faith.
If you insurance company does not comply with the terms of your agreement, then it I best that you seek the help of the insurance bad faith lawyer in order to pursue your financial compensation that you seek.
An insurance company that acts in a bad faith is always liable for the insurance contract. When your insurance company does not live up to the agreement of your terms, then they are liable to pay for both emotional and financial distress they have caused to the policyholder.