Bad Faith Claims Are More Common Than You Think
A substantial chunk of your paycheck goes to your insurance company each week, and you expect to receive fair and equitable coverage because of it. But after you were involved in a car crash on US 30N and rushed to St. Luke’s for treatment, you were disappointed to learn that not all of your medicals bills are covered.
When your insurance company doesn’t pay for damages up to the limit described in your insurance policy, it is practicing “bad faith.” You think you deserve more, and you do.
Why Insurance Companies Practice Bad Faith
Bad faith is becoming a common practice among insurance companies, and it can leave you in debt. Often, you wonder why you have insurance in the first place. Bad faith exists for a variety of reasons, including:
- It saves the company money. Minimizing or refusing to pay your claim means more money for the company. This practice results in a bigger bottom line for the company and can create financial problems for you.
- Insurance companies know they have power. The insurance company knows you’ll likely need to hire a lawyer to deal with a bad faith claim. And the company often believes you won’t have the resources to do this.
- Insurance companies know you probably won’t appeal. If you’ve ever tried to appeal a denied claim, you know it’s a very difficult process; injured clients may decide to give up instead of pursuing the claim further.
If you believe your insurance company is practicing bad faith, the Morton Law Offices may be able to help. Call us today at 888.716.8021 to discuss your case.
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