Valparaiso Bad Faith Attorneys Advocate Against Insurance Bad Faith
Northwest Indiana Injury Law Firm Helps Injured Clients Pursue Damages
During the 1990s, many major insurance companies reevaluated the claims process and came to this conclusion: less paid out in claims meant more profits. At that point, claims departments were transformed from great protectors into profit centers.
Although insurance is one of the most heavily regulated industries in the U.S., insurance companies employ many strategies that allow them to avoid paying valid claims. Some of the tactics they use to sidestep their responsibilities include:
- Delay. Insurance companies often don’t make decisions regarding claims quickly. They bide their time without providing a reason for the delay, sending the claimant a message designed to try to discourage them from pursuing the claim.
- Dispute. Although policyholders who exaggerate their losses are at risk of being prosecuted for fraud, insurance companies routinely lowball customers with little or no ramifications. However, knowingly offering less than a claim is worth violates an insurer’s legal duty to treat customers fairly and may constitute bad faith.
- Deny. Sometimes an insurance company will deny a claim without conducting a proper investigation. This is a violation of their promise to act in good faith by providing a thorough investigation of a claim.
When you buy an insurance policy, you are really purchasing a promise. When an insurance company fails to honor the terms of the policy and its promise of handling claims in good faith, the consequences can be severe.
Contact a Valparaiso, IN Insurance Bad Faith Law Firm Today
Bad faith insurance practices are against the law. If an insurance company treated you unfairly in Valparaiso, IN, contact the bad faith insurance attorneys at Kelly Law Offices, LLC online or call 1-800-859-8800 to schedule your free initial case evaluation today.
