In today’s world, insurance surrounds us. We are insured when we drive, at home, on vacation and at the job. Because of the large impact insurance has on our lives, insurance companies are strictly regulated by the law. An insurance policy is a legal contract between you and the insurance company. In addition to common contract law governing the contract between you and the company, insurers are also bound by a duty of good faith and fair dealing when handling your insurance claim.
These laws provide that an insurance company cannot withhold payments of benefits offered in your policy. They must reasonably investigate your claim once reasonable notice has been given. An insurer cannot use unreasonable settlement tactics to get you to settle your claim. Despite these regulations, insurance companies will often test the limits when handling valid insurance claims.
The following are the most common types of bad faith tactics used by the insurance industry:
- Delayed investigation of claims
- Denial of benefits for medical care costs
- Improper valuation of property losses
- Unreasonable or coercive settlement tactics
- Refusal to give insurance coverage
At Martin, Jean & Jackson we have been able to learn the process of claims handling by many of the largest insurance companies. As such, we have the knowledge, resources and innovation to combat these insurance corporations. We handle hundreds of insurance disputes on a contingency basis, which means you owe us nothing unless we are successful in getting you compensation. Let us put our knowledge to work for you.
Please contact us for a free consultation on your case.