Bad Faith Insurance Claims
When you pay your insurance premium each month, you expect that your insurer will fulfill its part of the bargain by providing you with access to coverage under the policy if you are unfortunately involved in an accident. In many situations, however, an insurance company may fail to adhere to the terms of its policy as it attempts to protect its bottom line. This is because profitability in the insurance industry results from paying out as little as possible under a policy. As a result, the pain, anguish, and inconvenience that the victim suffers may be compounded even further when an insurance company acts in bad faith and fails to either provide payments or litigate a matter on behalf of its insured. Columbia personal injury lawyer Matt Uhrig can represent people in many areas of Missouri with bringing a bad faith insurance claim against an insurer that fails to live up to the provisions in its policy.Assert Your Rights Through a Bad Faith Insurance Claim
In a bad faith insurance claim, a policyholder brings an action against his or her insurance company, seeking economic and non-economic damages that resulted from the insurance company’s actions that were taken in bad faith. As provided by Missouri law, insurance companies must act in good faith when it comes to interpreting the terms of their insurance agreements, interacting with their policyholders, and investigating whether their policyholders are entitled to coverage payments. An insurer engages in bad faith when it ignores an insured’s claim or fails to respond to an insured’s request for payment of the policy limits.
Also, if an insurer denies an insured’s claim without having a sufficient basis for doing so, the insurer has engaged in bad faith. Insurance companies sometimes ignore their policyholders and fail to pay valid claims in order to increase their profits and ensure that they maintain their margins. This behavior, however, constitutes a breach of the insurance contract between the insurer and the insured, under which the insurer agrees to provide policy benefits after a covered accident or event occurs in exchange for receiving the insured’s regular premiums. Bad faith may arise with regard to a variety of policies, including auto insurance, liability insurance, disability insurance, homeowners’ insurance, and fire insurance.
To recover compensation in a bad faith insurance claim, the insured must show that the insurance company acted unreasonably and that the insurer knew that its conduct was unfair to the insured. Examples of unreasonable behavior include refusing to perform an investigation, terminating a policy agreement without justification, or offering a settlement that is clearly lower than what would be appropriate in the situation.Seek Representation from a Columbia Lawyer for Your Personal Injury Claim
If your insurance company is treating you unfairly, you may be entitled to compensation. At the Law Offices of Matt Uhrig, we provide dedicated and knowledgeable legal counsel to accident victims in Columbia, Ashland, Jefferson City, and other Missouri communities. Columbia personal injury attorney Matt Uhrig offers a free consultation to help you learn more about how bad faith insurance claims work and to help you determine whether your insurer may owe you compensation as a result of its unreasonable conduct. Call us at (573) 657-2050 or contact us online to set up an appointment if you need a car accident attorney or assistance with another personal injury case