We all have insurance as a form of risk management. We pay our monthly fees to hedge against the risk of uncertain loss. While many of us go years without cashing in on our policies, sometimes the unexpected happens and we are forced to rely on our insurance company to cover the unexpected costs. Whether it is health insurance, auto insurance, disability insurance or homeowner’s insurance, we pay the monthly fees and expect that if something happens we will be covered.
Unfortunately, many insurance companies will do whatever they can to avoid paying claims. An insurance company, for example, may claim that the person filing the claim isn’t really injured or it may not even provide a reason for the denial at all. In other cases, insurance companies will give policyholders the runaround and will delay paying them the money they are owed.
As with all contracts, insurance companies have a duty to act in good faith. This means that these companies must honor the terms of the contract and pay the money that is owed. Policyholders who feel that their claims are wrongfully denied can seek legal recourse by filing what is called a bad faith claim against the company.
A bad faith claim can be filed on behalf of a policyholder who was wrongfully denied a legitimate claim, whose payments were wrongfully delayed, or whose policy was changed or cancelled without proper consent.
As a Reno bad faith insurance lawyer, Matthew L. Sharp represents individuals who are wronged by insurance companies when it comes to auto insurance, health insurance, disability insurance, life insurance and liability insurance.
If you believe that your insurance company has acted in bad faith, call Mr. Sharp for help today. If your insurer is found to have engaged in bad faith, it will be responsible for paying all of the damages.