“Bad faith” is a term used to describe an insurance company that’s either not acting in accordance with your insurance policy terms or is not taking your best interest at heart during negotiations. If your insurance company is acting in bad faith, you may be able to file an insurance bad faith claim.
Knowing how to spot bad faith is the first step in that process.
Here are some examples of how an insurance company may act in bad faith:
- Failing to pay or settle a claim without any reasonable basis for doing so
- Failing to investigate a claim in a timely manner
- Intentionally misinterpreting a claim to avoid paying the full amount
- Failing to pay the entirety of a claim for no reasonable cause
- Denying your claim without justification
Continue reading to learn more about insurance bad faith claims.