Insurance Claims

Insurance Claims

Insurance Claim and Insurance Litigation Lawyers

Insurance companies are required by law to treat their customers fairly and must make timely payment of claims that are due to the insured. When the insurance company delays or denies an insurance claim for no apparent reason, they may be committing an act of insurance bad faith.

In 1982, Florida enacted the Florida Unfair Claims Practices Act (UFCA) to protect consumers from insurance companies that do not make good faith efforts to settle claims. Bad faith insurance law arose because some insurance companies have, in the past, mistreated their clients and acted in “Bad Faith.”

Some examples of these acts of bad faith include:

  • Unwillingness or outright refusal to settle a claim in a timely manner
  • Unreasonable denial of payment under a policy
  • Failure to promptly or thoroughly investigate a claim
  • Unreasonable attempt to under-settle or ‘lowball’ the payment amount on the claim
  • Failure to provide justification for denying a claim

Though insurance companies have a responsibility to pay the legitimate claims of their policy holders, they sometimes put profits and stock prices before these customers, hoping the consumer will give in and take less than what is owed under their policy.

Fighting a large insurance company may seem to be an unwinnable battle. The insurance company may resort to intimidation, and when it comes to defending itself, will do so vigorously with seemingly unlimited resources.