An insurance policy is a contract between you and your insurer. You pay your premiums, and when and if you suffer a loss, they help pay for it. However, it’s rarely this simple, especially when insurance companies attempt to act in bad faith. Having an experienced Orlando insurance lawyer by your side is crucial.
As every homeowner should, you purchased insurance to protect your investment. You are diligent about paying your premiums and maintaining your property. Then one day, through no fault of your own, your home sustains severe damage. Submitting a claim with your homeowner’s insurance is the next logical step. While it should be a given that your insurance company will help you during this difficult time, it’s crucial to remember you aren’t their priority.
Their priority is keeping as much money in their pockets as possible. If they pay you fairly for your claim, they can’t do this. Many insurance companies act in bad faith, denying their insureds what is rightfully theirs. Suppose you think your homeowner’s insurance company is acting in bad faith, treating you unfairly, or rejected your claim. In that case, it’s always best to reach out to an experienced Orlando property damage claim attorney.
What is Insurance Bad Faith?
All insurance companies owe a duty of good faith and fair dealing to their insureds. It’s frequently known as the “implied covenant of good faith and fair dealings.” Under the law, all insurance companies must act in good faith when managing homeowners’ claims. If an insurer violates this duty, a homeowner can take them to civil court and seek damages.
In general, the following acts are considered bad faith:
- Misrepresenting policy claim provisions
- Failing in good faith at attempts to provide a prompt, fair, and equitable settlement
- Rejecting a claim without performing a reasonable investigation
- Neglecting to provide a reasonable justification for a denied claim promptly
- Not accepting or rejecting a claim within a reasonable time frame
- Refusing or unfairly delaying a settlement when other coverage may be available or if a third party could be liable for the damage
- Attempting to apply a partial or complete release of a claim when only a partial payment is made (unless the payment is a compromise settlement)
- Forcing a claimant as a condition of a settlement to provide their federal tax returns, unless the court orders this action or the claim involves lost income or fire loss
However, these aren’t the only forms of bad faith. There are many others that an Orlando property damage claim lawyer might be able to detect when reviewing your claim and your insurance company’s response. Even if you don’t have an insurance bad faith claim, your attorney might identify a different type of legal action you might take to receive the insurance benefits you need.
Contact an Orlando Property Damage Claim Attorney Today to Hold Your Insurance Company Accountable
Insurance companies aren’t above the law. When they can get away with it, sometimes they will act like it in hopes that you will believe what you are told and simply go away. Don’t let them do this to you. If your claim is denied or you think something isn’t right about the treatment you are receiving, contact an Orlando property damage claim lawyer today for help. Call the Law Offices of Jerrod Paul at (407) 588-0343 or contact us online.BACK TO BLOG