Insurance policies are like a protection net. If the hurricane, fire, or other disaster injuries your home or business, it’s safe to say you would expect your insurance company to quickly pay your claim, right? Unfortunately, the insurance state and recovery process is not always as straightforward as it should be.
Typhoon Michael is a good example of how murky the insurance claim process is. In less than 30 days following your surprise, more than 100 problems had been filed against insurance companies. Many of those were related to denials.
If your insurance company denies, delays or undervalues your claim they could be acting in bad faith.
What Is Negative Faith?
Your insurance coverage is far more than just an agreement for coverage. It’s a contractual obligation between you and your insurance company. Just like you must pay your monthly premiums to keep coverage, your insurance policy companies must fulfill quite a few of requirements if a claim is filed. Failing to meet those requirements is often a sign of bad faith.
Bad Faith Warning Signs
Some bad belief warning signs are clear as day, other medication is not. If any of the examples below are similar to what you are experience now with your claim, you might like to consider speaking with a skilled Home Damage Insurance Claim Legal professional.
The insurer delays, undervalues, or denies payment with no valid reason
The insurance provider fails to acknowledge and respond promptly after notification of a claim.
he insurance company fails to affirm or deny coverage of promises within a reasonable time after receipt of claim and/or proofs of reduction.
The insurer trys to be in a claim for less than precisely what is fairly payable or attempts to substantially diminish a claim requiring an insured to start litigation.
The insurer demands a release.
The insurance company fails to provide sensible explanation for denying a claim
** An experienced professional is required to determine if an insurance company is acting in bad belief. Contact us online or by calling 813-940-1500 for a free case review.
Working with Bad Faith Strategies
When you have filed a claim and possesses been denied request that the claims insurance adjuster provide written documentation proclaiming the causes for his or her actions. If the claims adjuster refuses to comply with your request for documentation, you should send the insurance company a letter via qualified mail requesting it.
Carefully document all of your discussions with the promises adjuster to make a timeline of events. An individual should keep a journal of any correspondence you have with the insurance company including the date/time of communication and who you spoke with. ALWAYS file the adjuster’s actions (or failure to act/follow up) and the date where they occurred.
The next step is to contact an experienced property damage attorney who can review your claim and policy.
Require Help With Your Hurricane Insurance Claim?
If you have already reported your claim, contacting Insurance attorney in Chicago can help you avoid forfeiting insurance coverage rightfully the one you have, or accepting less than what you are owed for all your insured losses.