Can I Sue an Insurance Company for Denying My Claim?
People may file lawsuits against their insurance carriers when the companies refuse to provide the agreed-upon coverage for valid claims. Due to injuries suffered in auto accidents, people often incur expenses, including lost wages, medical bills, and pain and suffering. Through claims filed with their insurance companies or the insurance carriers of the at-fault motorists, many seek to recover compensation for their losses. Despite their catchy slogans and commercial claims, insurance companies typically seek to limit what they pay out to clients, and instead, protect their own bottom [...]
How Do Insurance Companies Act in Bad Faith
Insurance companies that fail to fulfill their promises are acting in bad faith. They do this by either refusing to cover a valid claim from a policyholder or failing to investigate and settle the claim without undue delay. They also act in bad faith when they deny an otherwise legitimate claim by misrepresenting the language of the insurance contract to the policyholder. Concealing limitations and exclusions of a policy to policyholders before they buy the policy is an insurance bad faith practice. Another example of an insurance bad [...]
Understanding the Unfair Claims Settlement Practices Act
Insurance companies have a legal obligation to provide services in good faith and fulfill contractual obligations with basic standards of honesty and fair dealing. What is the Unfair Claims Settlement Practices Act? The Unfair Claims Settlement Practices Act (UCSPA) was established to protect insurance buyers from unfair claim settlements. The National Association of Insurance Commissioners created the act to provide guidance for states to regulate insurance carriers and protect consumers. The UCSPA sets standards and regulations for investigation and disposition of claims related to insurance policies and certificates. [...]
Can an Insurance Company Deny Coverage?
Did your insurance company deny coverage for a claim that should have been covered under the terms of your policy? If so, you may be asking yourself, can an insurance company deny coverage? If your insurance company denied coverage for a claim, and you suffered losses as a result, you may be entitled to compensation. A Reno bad faith insurance lawyer may be able to help you recover money damages if the company canceled your insurance policy without legitimate reasons, denied the existence of a valid policy, or [...]
5 Outrageous Reasons for Life Insurance Denial
Insurance companies use many excuses as reasons for life insurance denial. Although some claims are legitimate, insurers often convince beneficiaries that a valid claim is denied for valid reasons. If you were a victim of a denied life insurance claim, it’s important to contact an attorney specialized in life insurance claims to help you with your case. What are the Reasons for Life Insurance Denial? After a person dies and a beneficiary files a life insurance claim, the claim can be paid, delayed, or denied. If the claim [...]
Did the Life Insurance Company Act in Bad Faith?
To hang on to revenue and profits, some insurance companies act in bad faith by reducing insurance payouts and denying claims on life insurance policies, even if an insured policyholder has paid on the policy for many years. Bad Faith Claim Denials A life insurance policy is a contract which represents a promise by an insurer to act in “good faith and fair dealing” with a policyholder. To comply with this promise, the insurer must uphold the provisions of the policy and ensure that the policy holder’s rights [...]
Disputing Homeowner Insurance Claims Decisions
Thousands of Nevada property owners are forced to dispute decisions by their homeowners’ insurance companies every year when their damage claims are wrongfully denied or settlement offers are way off base. About one in every 15 homeowners file homeowner insurance claims for property damages and theft that may be denied or underpaid. Homeowner Insurance Claims Homeowners rely on homeowner’s insurance to cover costs for certain damages that may occur to their home, but many claims are denied or settled for low amounts because insurance companies will go out [...]
Review Your Long-Term Care Insurance Policy: You May Need to File a Bad Faith Claim
People who are met with a significant delay, reduction or denial of benefits after filing a long-term care claim should carefully review their policy because their insurance company may be acting in bad faith. With the significant number of baby boomers reaching their senior years, bad faith insurance claims for health care and disability benefits are on the rise. The Risks of Long-Term Care Policies Bad faith claims against disability insurers have been prevalent for decades, but claims against long-term care insurers are now catching up. Since baby [...]
Understanding the Impact of Untimely Payment in Insurance Bad Faith Cases
When delayed claim payments are the result of bad faith conduct by insurance companies, the insurer can be held liable for significant damages. Bad Faith Insurance Claims Bad faith conduct may result in legal action against insurance companies that delay or deny claims when liability is clear. The specifics of insurance policies differ between states and insurers, but all insurers have a legal obligation to abide by the implied covenant of good faith and fair dealing. Bad faith insurance cases represent intentional dishonesty on the part of the [...]
One Tricky Way Insurance Companies Get Out of Paying
Insurance companies sometimes use rescission to deny benefits to consumers, especially when a large claim is filed. The canceling of insurance policies at the time of a claim due to innocent omissions or mistakes is a growing problem for consumers who are then left without current coverage and often struggle with the ability to obtain new insurance. Consumers must be extra cautious when filling out insurance forms to help prevent having a health or life insurance claim denied due to rescission. Consumers Bear the Brunt of Misunderstanding Forms [...]
