We typically pay a hefty chunk of our income to insurance companies in the hope that if we ever do need to draw upon that help, the insurer will cover costs that may be far greater than those we have paid to them. Of course, we are dealing in "ifs" and "maybes" and that's a primary way insurance companies make money. For all of those insured who never need to cash in on the maybe or the someday, the insurer stands to gain substantially.
Recent years have shown drastic changes to insurance plans, coverage and ease of use. This could be due to many factors. People are living longer, but people are also living longer with costly treatments and diseases without cures. This could extend the length of time a person requires medical care. Also, the government has mandated changes to healthcare law and plans.
But sometimes insurers shirk the responsibility of costly payouts that we fully expected them to pay. Some reasons are legitimate while others could be considered as done in bad faith and you could have a claim that could cost the insurer more than the original amount owed.
Some of the bad faith claims are based on:
- A failure to investigate properly.
- Settling a claim by implementing the use of coercive and abusive means.
- Demanding proof of loss that is unreasonable or arbitrary.
- Misleading and deceptive representation as a means of shirking payment obligation of claims.
- Intentional and obvious misinterpretation of the language and terms laid out with in the policy in order to avoid payment of a claim.
If you were the victim of an insurance company and feel that the coverage you paid for was not there when you needed it, you may have a case to receive financial remuneration. A Florida business litigation attorney may be vital in pursuit of that endeavor.