Insurance companies are financial institutions that sell insurance policies to individuals, families and companies. These insurance policies promise to cover the financial losses suffered by the insured in different situations, such as in the event of an auto accident, injuries or death. We are actually required by law to insure our cars and homes in order to have the right to own them, and many Americans pay thousands and thousands of dollars in insurance premiums every year. Policyholders are supposed to have peace and comfort from knowing that they are protected from natural disasters and other accidents that can be emotionally and financial devastating, but unfortunately this is not always the case.
Insurance companies are required by law to act in "good faith" towards you – the insured. This does not always take place, and insurance companies sometimes fail to pay out a claim for no reason except to save money and increase profits. This has happened so frequently that it has been called acting in "bad faith". When it comes down to it, your insurance company has the legal duty to treat you fairly when they are assessing the value of your claim. If you have been injured by the negligence of another person and are having difficulty recovering the fair amount of compensation that should be available to you, you may need to file a bad faith claim.
Bad faith claims happen when an insured individual files a claim against his or her own insurance company for failure to pay a valid claim. You are also entitled to damages under the law when you have been subjected to a high judgment because your insurance company refuses to settle a claim filed against you. If you are considering an insurance bad faith claim, it is important to discuss your situation and your options with a skilled legal professional before proceeding. Some of the main reasons for filing a bad faith insurance claim include fire loss claims, casualty insurance bad faith, sinkhole claims, life insurance claims, underinsured coverage, or workplace injury claims.
When disaster strikes unexpectedly, you expect your insurance company to stand up for you and provide the help you need. Here at Mesa Law Firm, we are familiar with the tactics used by insurance companies to reduce, delay or deny the payment of benefits that you deserve. Our Miami personal injury lawyers have extensive experience handling insurance companies and seeking maximum financial awards for injury victims, and we are prepared to help you. If a negotiated settlement is not possible, our team will not hesitate to pursue a favorable trial verdict for the compensation you are entitled to. Call today to discuss your situation with a Miami personal injury lawyer who can provide you with legal options and protect your rights during this tough time.