Signs of Bad Faith Insurance
Bad faith insurance tactics are used by some insurance agents to save the company money. In turn, many people are left with little to no compensation after a car accident. Recognizing common signs of bad faith insurance might help you take action to secure the compensation you need to recover from the accident. You can also ask a Wilmington accident attorney about what steps taking legal action will require.
TYPES OF BAD FAITH INSURANCE
Being aware of the different types of bad faith insurance may help you avoid agreeing to an unfair deal. After filing a car accident claim with the auto insurance company, compensation will be determined by an insurance agent. This is when bad faith insurance tactics are used by some insurance agents to deny you the compensation you could be eligible for.
Recognizing the signs of bad faith insurance is vital for protecting yourself against an unfair deal. This involves finding out about types of bad faith insurance. The most common types of bad faith insurance are:
- Denying compensation for insufficient reasons
- Delaying compensation for insufficient reasons
- Providing less compensation than is owed
Signs of these types of bad faith can take various forms. You may start noticing that each time you check the status of your claim, your claim is delayed again. If your claim continues having delays with no reasonable answers from the insurance agent, then you might be dealing with bad faith.
If the insurance agent makes excuses or avoids answering why your claim was denied, then this could also be a sign of bad faith. Some insurance agents will cut off communication or avoid returning your calls. Others may provide reasons for denying or delaying your claim, but these reasons may not always be valid.
Calculating the financial losses you suffered in the accident is important for knowing whether you are being offered less compensation. An experienced lawyer can help with this.
LEGAL OPTIONS FOR BAD FAITH INSURANCE
How bad faith insurance is handled varies by each state. Depending on the situation, you could be eligible for compensation for damages caused by bad faith practices. At the very least, you could be eligible for the compensation you were requesting from the insurance company.
Hiring a car accident lawyer can help you figure out whether you are dealing with bad faith insurance. A lawyer can help you take legal action by exploring options like:
- Negotiating a settlement
- Going to trial
- Suing for damages
Some lawyers are able to avoid taking your case to trial by negotiating with the insurance company. When the insurance company refuses, going to trial might be the only option. Try contacting a Wilmington accident lawyer to figure out the best legal options for you.
CONTACT EDELSTEIN MARTIN & NELSON FOR LEGAL AID
You may not have to settle for little to no compensation if you suspect bad faith insurance. Call Edelstein Martin & Nelson by dialing (302) 295-5050 to speak with a Delaware personal injury lawyer for a consultation today. Our team of attorneys can help you identify bad faith insurance tactics to increase your chances of receiving the compensation you need.
