Insurance Bad Faith
US, Canada and Puerto Rico
Most people purchase insurance to protect them against a loss or catastrophic incident. If you have not frequently dealt with insurance companies, you may assume that you will be fairly compensated if you suffer a loss for which you have purchased insurance. However, this does not always happen. If your insurance company tries to avoid paying a legitimate claim, this is called “bad faith.” If you have faced a loss and you are now facing a denied claim, please contact the insurance claim lawyers at Balkin & Eisbrouch, LLC.
Putting Your Faith into Your Insurance Company
When you purchase an insurance policy, you are essentially putting your “faith” in that company if something were to go wrong. “Bad faith” occurs when your insurance company breaches your trust, whether it is denying your claim for no good reason or refusing to pay you the full benefits for which your policy covers. Often times, an insurance company will search for ways to deny claims, even if their reasons are unsubstantiated.
Do Not Accept a Denial of Benefits
Many consumers make the mistake of automatically agreeing to a benefits denial. However, keep in mind that insurance companies do not make money by paying out claims, but from collecting premiums from policyholders. Be diligent and make sure you keep all your policy records, so that the attorneys at Balkin & Eisbrouch, LLC can help you fight and win a disputed claim.
Here are some examples of “bad faith” or claims that may be wrongly denied:
We have an impressive record of success in all types of bad faith
- Health Insurance Claims Denial: Insurance companies are famous for displaying a lack of compassion and fairness when they deny the valid claims of policyholders.
- Homeowner's Insurance Claims Denial: If your home has suffered property damage and you have homeowner’s insurance, your insurance company must legally reimburse you for the covered damage to your property.
- Business Interruption Claims Denial: If your business an incident such as a flood or fire, it will be temporarily interrupted because of the damage. If you do not receive the appropriate insurance coverage, it may prevent you from rebuilding your business, causing you to lose it indefinitely.
- Life Insurance Claims Denial: Insurance companies may wrongfully deny payment of death benefits, acting in bad faith during a difficult time.
- Long-Term Care Insurance Denial: Senior citizens may find themselves bearing the burden of their care if they are denied long-term care insurance for which they are entitled.
- Disability Insurance Claims Denial: Some insurance policies fail to provide the promised benefits to disabled policyholders when they need them most.
If you have suffered a loss or other incident in which you have insurance to cover, and your insurance company has refused payment, please contact the insurance claim attorneys at Balkin & Eisbrouch, LLC. We serve clients in the United States, Canada and Puerto Rico.
