What Is Insurance Bad Faith?
Full Video Transcript
Ever felt like your insurance claim was unfairly denied? You might be dealing with what’s called “insurance bad faith.” Insurance bad faith occurs when an insurer fails to fulfill the obligations stated in the insurance policy or does not deal fairly and honestly with a policyholder. This might look like unreasonable delays in handling claims, failing to defend a lawsuit, or refusing to pay a claim without a reasonable basis. Feeling powerless? Don’t worry, you have rights. If you suspect bad faith, you can challenge your insurer. Often, this involves legal action to claim the benefits you’re entitled to, plus additional compensation. To learn more about how you can stand up to insurance bad faith, visit LawInfo.com.
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