Insurance Companies Continue To Raise Premiums, Deny Claims and Employ “Boxing Glove” Strategies Against Their Own Policyholders – Fight Back
You pay into your insurance policy with the expectation you will have a reliable financial safety net in the event of an accident, injury, or death. Unfortunately, some unscrupulous insurance companies place profits over their legal obligations to their policyholders. All too often, insurers unjustly deny their policyholders’ claims for no valid reason other than to avoid making payments. If your insurance company is failing to perform its duties, you may be dealing with a case of bad faith.
As a policyholder, you have the right to challenge bad faith practices. The experienced Pennsylvania bad faith insurance attorneys of Reiff & Bily can help. Our legal team has more than 34 years of experience handling a wide variety of wrongful death and personal injury coverage claims, and we are committed to aggressive legal representation on behalf of our clients. To arrange for a free and confidential legal consultation, call our law offices at (215) 274-0072 today.
Protecting Your Legal Rights as a Policy Holder
While all insurers are concerned with keeping costs to a minimum, some take this goal to an extreme and wrongfully deny payments or engage in other bad faith actions. Fortunately, insurance companies which consistently and systematically place profits over their clearly defined legal duties can be held accountable by their policyholders.
If you have filed an insurance claim with an insurance company, by law that company owes you a duty to act in good faith. However, many insurance companies take extremely aggressive litigation strategies that aim to deny valid claims at any cost. If you believe that your provider is not complying with state or federal laws, it is critically important to contact our bad faith insurance lawyers as soon as possible. We may be able to help you file a bad faith insurance claim against your negligent insurer. In Pennsylvania, if your insurer is found liable, you may be able to recover the benefits of the policy as well as other compensation associated with your losses.
It is not recommended that you deal directly with the insurance company yourself, as this tends to lead policyholders into long and frustrating battles against representatives who simply try to minimize and devalue legitimate claims by coaxing statements out of accident victims. The last thing you need to worry about after you have been a victim of unjust or dishonest insurance practices is fighting with your provider just to be treated fairly.
Common Warning Signs of Bad Faith Insurance
There are many different problems which can lead policyholders to filing bad faith claims. Some common examples of issues our clients encounter include:
- Unwarranted denial of coverage, particularly when the decision is based solely on preserving the company’s bottom line.
- Offering to settle for a substantially lower value than the claim is actually worth.
- Failure to communicate pertinent information.
- Failure to conduct a reasonable investigation into a claim.
- Refusal to pay a claim without investigating first.
- Failure to pay or deny the claim within a reasonable period of time.
- Failure to confirm or deny coverage within a reasonable period of time.
- Failure to attempt to reach a fair and reasonable settlement value where liability is a factor.
- Failure to promptly provide a reasonable explanation for denial of a claim.
- Failure to enter into any negotiation for settlement of the claim.
- Failure to respond to a time limit demand.
- Failure to disclose policy limits.
- Failure to respond and negotiate in a transparent and timely manner.
- Unreasonably and purposefully delaying or withholding payment of a claim.
- Deliberate acts of fraud or other unlawful financial practices.
Insurance Bad Faith Case Results
Since 1979, the law firm of Reiff & Bily has represented thousands of consumers in actions against unethical insurance companies. We understand the tactics of the insurance industry and know how to navigate the roadblocks they may attempt put in your path.
Recently, we were able to successfully obtain $250,000 in a bad faith action against an insurance company which refused to negotiate an underinsured motorist claim in good faith after initially offering the policyholder only $25,000.
We may be able to similarly help you if you have been a victim of unfair insurance practices. When we handle bad faith matters, we approach each and every element of the case carefully and tactically. We aim to prove bad faith insurance practices and obtain maximum compensation for our clients.
How Can the Reiff & Bily Bad Faith Attorneys Help You?
Unfair insurance practices place you in financial danger and can often lead to frustrating battles and devastating financial consequences that you may not be able to handle on your own. The Pennsylvania bad faith insurance lawyers at Reiff & Bily have been committed to fighting this type of abuse for over three and a half decades.
Our legal team is committed to holding insurance companies accountable for bad faith practices and violations of the law. If you or someone you love has been a victim of inequitable insurance practices, call our Pennsylvania bad faith insurance lawyers at (215) 274-0072 or contact us online for a free and private consultation.