Are You Still Waiting for the Insurance Company to Resolve Your Claim? Delays May Translate to Bad Faith.
Shortly after you were involved in a three-car collision on US 30 that sent you to Saint Alphonsus Hospital, you contacted your insurance company to submit a claim. And while the insurance adjustor originally promised to expedite your claim, he now says the investigation into your accident is still going on—several months later. Meanwhile, you are trying to recover from your injuries. The pain is so severe that you have been unable to work, and the bills are piling up; you are wondering how you will pay them. It doesn’t seem like you will receive a check from the insurance company anytime soon—if ever.
The Insurance Company Isn’t Holding up its End of the Deal
If insurance company representatives are unnecessarily dragging out the claims process and failing to uphold their end of the bargain, the company may be practicing bad faith. Insurance companies have a variety of reasons for delaying legitimate claims including:
Trying to get you to settle for less. The insurance company knows you are struggling with your finances since your accident, and it also knows that waiting will cause you to become anxious and stressed. Because of your situation, the company is betting that you’ll offer to settle for less if it means you’ll get your money sooner.
Collecting interest on what they still owe you. While you are having a difficult time putting food on the table, the insurance company is still making money on what it owes you. Your settlement is sitting in an account collecting interest, which means a bigger bottom line for the insurance company.
You Are Not Powerless
The insurance company wants to control the situation and knows that it can, unless you do something about it. The legal team at Morton Law Offices has extensive experience dealing with insurance companies that practice bad faith, and we may be able to help you get your money. Contact us today at 888.716.8021 for a complimentary case evaluation.