Jun 12, 2019

Signs Your Insurance Company Is Acting in Bad Faith

Concerned woman on the phone speaking with her insurer

Insurance companies are supposed to be there for us when times get tough. In the event of an accident or injury, we expect them to appropriately compensate us for our medical bills, property damage, lost wages, and other losses specified in our policies, and to do so within a reasonable time. Unfortunately, some insurers deny or under evaluate claims on purpose so they can save money. When this happens, they are acting in bad faith and taking advantage of people who may not be familiar with the law.

If you believe you are dealing with a bad faith insurance issue, it is in your best interest to consult our experienced Wisconsin bad faith insurance lawyers at Studinski Law, LLC as soon as possible. We can ensure your rights are protected and inform you all of your rights. Call us at (715) 343-2850 today, or reach out through the online form to schedule a free consultation.

When Do Insurers Act in Bad Faith?

There are a number of situations that may indicate insurers are acting in bad faith. Some of the most common include:

Lack of Communication

Timing is essential after an accident. You must file a claim right away in order to recover the fair compensation you deserve. If you find that it’s difficult to get in touch with your insurance company, they may be acting in bad faith. You should have no problems communicating with your insurer and be able to receive assistance with your claim during business hours. You should expect responses to telephone calls and voicemails, if you are not able to reach someone when you call.

Lowball Settlements

Just like most businesses, insurance companies are committed to making money. Therefore, many of them try to pay out as little as possible so they can keep their profits high and contribute to their bottom line.

An insurer may pressure you to accept a low offer that doesn’t properly compensate you for your losses. They may tell you that this is the only offer they’re willing to give you and hope that you accept it on the spot. They may do this without even having all of the evidence or information that is important to your claim. Fortunately, a lawyer can help you determine what type of settlement is right for your particular case.

Threats

Sadly, some insurers threaten their policyholders to try and discourage them from filing claims. If your insurance company tells you that they’ll raise your premiums, cancel your policy, or threatens you in some other way, they are likely acting in bad faith. If you’re unsure of whether or not this is appropriate or not, ask a lawyer.

Improper Claim Denials

In some instances, insurance companies deny coverage for claims for inappropriate reasons. They may inform you that your claim is denied with the hope that you’ll just give up and pay for your expenses out-of-pocket. Keep in mind that although insurance companies do have the right to deny claims, they must have a good reason for doing so.

For example, they can deny your claim if your injury was caused by a pre-existing condition rather than the accident you were in. If your claim gets denied, find out why and seek legal representation.

Delays in Payment

If you’ve sustained an injury in an accident, you may be short on cash and need compensation as soon as possible. Sometimes, insurance companies delay payments on purpose. If your insurer is asking you for an excessive amount of documentation or evidence to support your claim, or you haven’t received payment in a reasonable amount of time, you need to speak to a lawyer.

Is Your Insurer Acting in Bad Faith? Contact Us Today

It can be difficult to determine whether your insurance company is acting in bad faith on your own. That’s why Studinski Law, LLC is here to help. We are well-versed in insurance laws and are here to make sure an insurer doesn’t take advantage of your rights. If you suspect you’re being treated poorly by a bad faith insurance company, contact us today at (715) 343-2850.



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