When the Insurance Company Acts in Bad Faith ...
They may have made lots of assurances when you bought insurance, but when you made a claim, their intentions seemed to change. When an insurance company does not act properly in accordance with your policy and with state and federal regulations, they are acting in bad faith.
ClassAction.com: Justice for Insurance Policyholders
When an insurance company treats one policyholder badly, you can be sure there are many more. That is why a class action lawsuit may be the answer for bad faith claims handling. ClassAction.com brings victims of insurance bad faith together.
- Slow decisions: Insurance companies are required by law to respond to claims within a reasonable time, generally with 30 days. (The time can vary by state and type of claim.) If slow decisions are a general practice, the insurance company is breaking the law. A slow decision strategy is designed to make claimants give up or to accept a lower settlement.
- Low estimates: When offering low-ball settlements, the insurance company is betting that most people will accept the settlement rather than fight back. If it's a pattern, if many policyholders are effected, that's bad faith.
- Inappropriate requirements: The insurance company may agree to a claim but require that you use a body shop or a contractor named by them. The consumer has no assurance that the chosen vendor will do a good job — and may, in fact, have an agreement with the insurance company to do the job for less.
Contact ClassAction.com and tell us about an insurance company acting in bad faith.
