Is Your Insurance Company Playing Hardball Or Trying To Intimidate You When It Comes Time To Resolving Your Claim? Fight Back Hard Advises Experienced Insurance Bad Faith Lawyer
The economy is tightening and insurance companies seem to think that they can play an even harder game of ball with their insureds in an intimidating and demeaning fashion. As an experienced bad faith insurance claims denial attorney who has handled tens of thousands of cases against many of the nation’s largest insurance companies, I have witnessed an almost unconscionable shift of behavior by insurance company executives and their team of adjusters in a patten which tries to take advantage of customers who lack information and knowledge to properly fight back. I have been on the front line fighting insurance companies since 1979 and yet today even the experienced adjusters are throwing their hands in the air claiming they can’t believe the orders they are getting from the higher ups to minimize claim payments and try to strike the lowest deal possible with the insured.
Bad faith insurance practices seem to be on the rise. Whereas a hand shake use to mean something, now a signed contract between the insurance company and insured has little value if the insured is not prepared to fight back. The insurance company may be determined to be acting in bad faith if they delay, deny, or discount payment without any reasonable basis or if they fail to acknowledge or reply promptly after notification of a covered claim. The insurance company must act in a fiduciary duty to their insured which means they must deal in good faith and promptly and thoroughly investigate claims where there is reasonable liability and damages owed based upon the information presented. An insurance company must act within a reasonable time upon receipt of claim or proof of the loss and must not act to take advantage of the insured by failing to notify the insured of any known arbitration or appeals policies in the claims process in an attempt to settle a claim for less. If an insurance company advises a claimant not to hire an attorney and then attempts to settle the case for a figure well below the proper settlement value, the insurance company may be responsible for unfair or deceptive claims practice damages. Insurance companies should not over burden you with documentation or make you jump through hoops to pay the monies you are rightfully owed.
If you feel that your insurance company is not giving you a fair shake, you should immediately contact an insurance claim and unfair insurance claim practice attorney for a free, no obligation consultation. Insurers have an obligation to live up to and comply with industry standards and be forthcoming in their dealings with their insureds. The unfair insurance claims practice lawyers of Reiff & Bily always offer a free, no obligation consultation toll free at 1-800-421-9595 or online at www.reiffandbily.com.