People buy insurance to protect their health, belongings, and their businesses. However, the interests of insurers and insured's diverge when a claim is filed. It is in the interest of insurance companies to limit the payments made to insured's. Insurance bad faith and insurance fraud occur when the goal of limiting compensation for losses violates the intent of the insurance contract.
Most people believe that insurance companies will act in good faith when they file a claim. And in many cases they do. However, when they do not, the individual or business filing the claim is at a distinct disadvantage, unless they have experienced legal representation. Some of the common issues involved in insurance bad faith and insurance fraud include:
- Misrepresentation of policy limits
- Deception or fraud
- Overbroad indemnification
- Failure to reasonably investigate a claim
- Unreasonably denying coverage of a homeowner’s insurance policy
- Unreasonably denying coverage of a life insurance policy, a health insurance policy, or a disability claim
Insurance companies are required by law to act in good faith toward their insured's. This means promptly paying claims, offering fair insurance settlements, and not denying legitimate claims. Our attorneys have handled a wide variety of insurance bad faith claims, including homeowner policies, comprehensive auto policies, health insurance policies, commercial general liability policies, and errors and omissions.
We offer a free initial consultation to discuss insurance fraud and bad faith matters. We handle all our cases on a contingency basis, so there are no attorney fees unless we get compensation for our clients.