Following any motor vehicle accident, one of the first places an injured party looks for recovery is with theirs or the other party’s insurance provider. However, whenever you find yourself dealing with an insurance company, it’s important to keep in mind how those companies operate; for example, their entire business model revolves around accepting monthly payments from policyholders and holding on to a
Talking to another driver’s insurance provider following an accident can be daunting and stressful; in some cases it may even feel like the other driver’s provider wants to trap you into saying something that would fully or partially admit your own liability for the event, even if you were not at fault. Unfortunately, this feeling might be perfectly valid. It’s important to remember that insurance compan
Insurance bad faith is a legal term used to refer to an insurance company’s failure to deal justly with the people they insure in order to avoid paying a claim. This could take many forms, but it generally involves an insurance adjuster operating unscrupulously in order to reduce or deny what would otherwise be a valid claim.
It can be easy to forget that insurance companies are businesses
Dealing with insurance companies after an accident can be just as stressful as the injury itself. When an insurance company unfairly denies or reduces your claim, this is referred to as insurance bad faith. However, there may be circumstances in which a denial is justified based on your policy.
Due to
Insurance policies are notoriously complicated, and providers often fail to clarify things for their customers. In fact, it is not unheard of for an insurance adjuster to deny or reduce a valid claim from a policyholder in the interest of holding on to as much of the company money as possible. Whenever you find yourself dealing with an insurance company, your own or another party’s, it’s important to remember that they make money by accepting...
On July 1st 2021, certain changes will apply to Michigan’s auto no-fault law. These changes will affect everything from car insurance policies to how medical providers are paid following providing care to car accident victims. Previously, drivers had limited choices regarding their Personal Injury Protection (PIP) car insurance options, and medical providers were required to obtain an assignment of benefits from injured parties before pursuing...
At first glance, figuring out what expenses each type of insurance covers may seem intuitive. However, there are often situations in which one or more types of insurance may be combined or applicable in a way you otherwise wouldn’t have considered. Insurance stacking is another legal strategy in which you may be able to make use of multiple insurance policies to help pay for your damages.
However, insurance stacking can be tricky without the...
While not every state requires vehicle owners to purchase insurance, every state does require them to prove some type of financial responsibility. While bonds or other means of financial approval may be possible, most drivers choose to purchase insurance, at least at the minimum amount required by the state. Auto insurance can protect you in a variety of ways, some of which may be surprising. However, other things you might expect to be covered...
Medical expenses and lost wages are just two of the financial challenges a person may face after suffering an injury as the result of a car accident. The good news is that after an accident, you may have several options for physical and financial recovery available to you. In some cases, more than one option may be applicable. To discuss the option that is right for you, reach out to a car accident attor
After a car accident, it’s important to exercise caution about who you talk to and what you say. Unfortunately, things said in the heat of the moment can cause problems for you later both with insurance providers and if you choose to file a civil personal injury claim. This is why the list of people you should talk to without counsel after a car accident is relatively short. After calling the police to e
Insurance bad faith is a term used to describe when an insurance company fails to deal fairly with the people they insure, in order to reduce or deny a valid claim they would otherwise have to pay in full. Unfortunately, insurance bad faith is more common than many people think.
Whenever you find yourself dealing with an insurance company, it’s important to remember that they make their pro
Every car accident is different, but the type of damage a vehicle, driver, or passenger sustains tends to fall into one of four categories. These damages may or may not be covered by your or the other driver’s insurance policy. If you haven’t updated your insurance in a while, it’s a good idea to explore additional coverage options. For example, uninsured and underinsured motorist coverage are considered
Disaster insurance, sometimes referred to as “disaster risk” or “natural disaster” insurance, exists to cover the costs of damages which occur as a result of earthquakes, flooding, sinkholes, etc. Depending on where you live in the country and the natural disasters that tend to happen in that area, it may be recommended to add disaster insurance to your current homeowners insurance policy.
For example, California residents are often...
Dealing with insurance companies after any kind of accident or injury can be extraordinarily stressful and even feel ineffectual, especially when a claim is denied. A claim may be denied for many reasons, both valid and invalid. If your insurance claim has been denied, it’s important to refrain from the immediate assumption that the denial was fair. In dealing with insurance companies, it’s important to keep in mind that they make their money...
Car insurance is a requirement in most places, so it’s a good idea to know what to look for in a car insurance policy. There are many different providers that claim to offer the best or most affordable car insurance, but how do you know which one is the best for you? Different cars in different locations may be eligible for different prices of coverage. For example, older cars will often cost less to
Before speaking to an insurance company after an accident it’s a good idea to understand a little bit about how insurance companies make their money. Insurance companies are paid monthly premiums by their policyholders to provide insurance in case of an accident. They retain this money as profit by reducing or denyi
Have You Suffered from Insurance Bad Faith?
Ask an Insurance Bad Faith Lawyer for Legal Advice
The term “insurance bad faith” refers to an insurance company’s failure to deal justly with the people they insure in order to avoid paying a claim. In these situations, a claim can be filed against the insurance company by a policyholder who has been harmed by the company’s show of bad faith. There are a variety of red flags that may indicate...
Dealing with insurance companies can be tricky. When considering that denying and reducing as many claims as possible is how insurance companies make money, this is no surprise. Insurance bad faith is a legal term used to refer to the unjust actions of an insurance company in which a fair claim is denied or reduced, resulting in further financial harm to a policyholder. It can be difficult to identify insurance bad faith if you don’t know what...
Many people might not know what the term “insurance bad faith” refers to, but could probably recognize signs of it. Insurance bad faith occurs when an insurance company fails to deal fairly with the people they insure in order to avoid paying a claim. In these situations, a claim can be filed against the insurance company by a policyholder who was harmed by the company’s sh
When you are hurt on the job, you may be eligible to receive workers’ compensation, commonly referred to as workers’ comp. Workers’ comp is designed to pay for any medical bills and lost wages which may occur due to a work injury or illness. However, proving that an injury sustained in a work accident is eligible for workers’ comp can be difficult when unscrupulous insurance companies are involve
Insurance bad faith refers to when an insurance company refuses or delays payment on a valid claim from a policyholder. This could include intentionally misinterpreting the policy rules to avoid having to pay a claim or arbitrarily demanding proof from the policyholder that is not necessary to the situation. Insurance bad faith can result in extreme monetary loss for those
Many people might not know what the term “insurance bad faith” refers to, but could probably recognize signs of it. Insurance bad faith occurs when an insurance company fails to deal fairly with the people they insure in order to avoid paying a claim. In these situations, a claim can be filed against the insurance company by a policyholder who was harmed by the company’s show of bad faith.
Insurance policies are a promise of protection that...
