Bad Faith Practices by Insurance Companies
Our Jackson, MS Insurance Claim Lawyers Can Help
Did you know that insurance companies have an obligation to act in “good faith” when handling claims? This means that they should review and pay claims in a fair manner. They should not actively try to find ways to delay payments, underpay claims, or retroactively cancel valid policies. Such practices are considered “bad faith” and may actually provide grounds for legal action.
At ‘Maggio | Thompson, LLP, we represent insurance claimants, beneficiaries, and policyholders in bad faith claims against insurance providers across Mississippi. Our Jackson insurance claim attorneys know the types of underhanded and outright illegal practices that some insurance companies employ to try to keep profits high and payouts low. We expose bad faith insurance for what it is and fight for fair recoveries on behalf of our clients.
Can I Sue an Insurance Company for Bad Faith?
If you believe that an insurance company has acted in bad faith, you may be able to file a lawsuit. In fact, you may be entitled to the full and fair value of your claim, plus additional damages.
The following are examples of potential grounds for a bad faith lawsuit:
- Unreasonable delays in acknowledging or investigating a claim
- Failing to provide a reasonable explanation for denying a claim
- Retroactively canceling a valid policy
- Failing to provide a fair and equitable settlement offer
- Misrepresenting facts or policy provisions
Insurance companies are for-profit organizations. It is in their best interest to receive insurance premiums, not pay claims. However, they must act fairly and reasonably when investigating, processing, and paying claims. If you believe that an insurance company has mistreated you in any way, it is worth discussing the situation with an experienced lawyer.
Contact our Jackson bad faith insurance attorneys today to find out how we can help you.