Your home received significant water damage after the rainy season, so you do what any Florida resident would do – you make a claim with your insurance company and wait for the approval to go through so you can begin repairs. However, things do not exactly go according to plan, and weeks later you are still waiting for your insurance money. You may be the unwitting recipient of an insurance bad faith incident.

Like any competitive corporation, insurance companies are in the business of making money. They exist to compensate their customers for damage, but if insurers paid out too much in claims, they would lose money. Naturally, there would be an investigation and approval process for most incidents before you would see any compensation. It is also normal to wait several weeks before your claim is approved, and your insurer may even attempt to deny a claim. However, you should not have to wait unreasonably long before getting money on a valid claim, and your insurer should not deny a claim that’s rightfully covered under your policy. These are common examples of bad faith tactics.

The following situations illustrate a few insurance bad faith practices:

  • Falsely telling you that you are making a fraudulent claim and that you will be sued or arrested
  • Failing to conduct a full investigation before denying your claim
  • Not providing you with the correct paperwork or informing you of filing deadlines to make your claim
  • Offering to pay you less than what you are entitled to under your policy
  • Refusing to pay you or complete an investigation in hopes that you will give up or forget about your claim

When you have a valid claim, an insurer is not acting in good faith if the company resorts to unethical tactics to keep from compensating you. In this case, you may benefit from seeking experienced legal counsel.

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