Bad faith, as in insurer bad faith, is an area of the law that requires an insurance company to keep its agreed upon obligations to its policyholders. If the premiums have been paid and a claim against the policy is made, the insurance company’s duty is to settle that claim in a reasonable amount of time for a reasonable amount to which the policyholder is entitled. If the insurance company fails to do so, the policyholder may have a bad faith claim.
Other than unreasonable payment delay and unreasonable payment offer, other examples of insurers exercising bad faith are unjust policy cancellation, abusive claim processing, coverage denial, a delay in coverage, failure to defend policyholder (in a suit brought by a third party), improper investigatory practices and illegitimate claim denial. There is no Federal Government policy regulating bad faith nationally. Each individual state has its own laws protecting policyholders. That’s why it is paramount to hire a Florida-based law firm.
At Kerrigan Estess Rankin McLeod & Thompson, we have the experience and expertise to handle insurer bad faith cases. All of our lawyers live and work in Northwest Florida and know the law — from the side of the policyholder and from the side of the insurance company.
As a Florida insurance policyholder, if you feel that your insurance company has not acted in your best interests or not fulfilled its agreed upon obligations, then give our law firm a call at 850-444-4444. You also have the option of filling out our online contact form available here and giving us the details of your case.