Fort Lauderdale Bad Faith Claim Lawyer
When a policyholder submits a claim to their insurance company, and it falls within the range of their coverage limits, the insurance company is expected to respond to the claim in good faith. If the claim is found to be valid and it is covered under the insurance policy, there is no reason for the insurance company to deny the claim. They are supposed to act in good faith by approving the claim because it is valid. Unfortunately, some insurance companies may act in bad faith by denying claims that should not be denied. The reason they do this is probably obvious. Insurance companies are businesses like any other business. They care about their profit margins, so they’re under pressure to deny claims in order to keep their profits high. It doesn’t matter if someone is filing an honest claim. It could be denied if the insurance company’s adjusters need to deny claims for their own reasons rather than for yours. On the upside, there are laws against insurance companies that act in bad faith when they deny a claim. If it can be proven that the insurer is guilty of breaching their contract with the policyholder, then the insurer may owe compensatory damages to the policyholder. Of course, you must find the evidence to prove your breach of contract case. Otherwise, a lawsuit against the insurer won’t work. Bad-faith insurance can refer to property damage claims or personal injury claims that have been wrongfully denied. But when you’re dealing with a bad-faith claim, you need a bad-faith claim lawyer, not a property damage claim lawyer or personal injury claim lawyer. Bad-faith claims lawyers specialize in cases where insurance companies implement deceptive practices on purpose to deny claims.