What Are Signs of a Bad Faith Insurance Claim?
An insurance company may act in bad faith if it fails to meet its obligations of fairly honoring the promises outlined in a given policy. However, personally, you may be unclear about whether you simply disagree with your provider’s decision regarding your insurance claim, or if they indeed acted negligently and recklessly toward you. If this is your current struggle, please read on to discover the signs that you have received a bad faith insurance claim and how one of the seasoned New York property damage attorneys at The Law Office of Craig A. Blumberg, P.C., can continue the fight to get you the recovery you deserve.
What are the signs that I have a bad faith insurance claim on my hands?
Unfortunately, homeowners’ insurance companies are almost notorious for adopting bad faith practices in an unethical strategic attempt to maximize their profits and meet their bottom line. You must not let yourself fall victim to your provider’s wrongful actions, but rather keep a keen eye out for the following signs that your claim is being mishandled and mistreated:
- Your provider fails to disclose a valid reason for delays in its investigation or processing of your claim.
- Your provider fails to properly investigate your claim before denying it outright, with no other offered explanation.
- Your provider fails to properly interpret policy provisions and applicable laws before offering an unreasonably low payout.
- Your provider fails to acknowledge their explicit liability for your damages and refuses to offer your entitled recovery altogether.
- Your provider fails to respond to your communications or asks for more unnecessary documentation to delay your claim process.
How should I respond after experiencing a bad faith insurance claim?
We understand that bad faith is not always obvious at first. You may get confused by your insurance policy’s complex language and assume that your provider knows better than you. However, you cannot stand idly by and accept a delayed, reduced, or rejected insurance payout before seeking the seasoned opinion of an attorney.
And if your hired attorney believes something suspicious is happening, they may handle communications with your provider from here on out. Even still, if they cannot get through to your provider, they may file a Civil Remedy Notice to give your provider a final chance to make things right.
Ultimately, if they get an unfavorable response, or no response at all, they may initiate a bad faith insurance claim on your behalf. This is your chance to get the full value of benefits owed under your opted insurance policy, along with the additional damages your provider caused you from all this trouble.
Do not let your legal initiatives stop after reading this blog. The next action you should take is calling us at The Law Office of Craig A. Blumberg, P.C., and retaining the services of one of the competent New York property damage attorneys. Rest assured, we will take the reins from here on out.