In this video Marc Whitehead, a Board Certified Disability Insurance Attorney, explains what a bad faith disability insurance denial is.
Disability Insurance is designed to protect us in the event of accident, death, or disaster. Two ways of accruing insurance are through an employer or purchasing a policy individually. Most people validate paying the monthly premium by reminding themselves that when the time comes and they are disabled and need the support their insurance carrier will pay us our disability benefits.
Insurance Policy is essentially a contractual agreement between someone and the insurance company. This agreement requires the insurance company to act in good faith towards you. Unfortunately, it appears that several insurance companies have intentionally confusing policies which allow them to easily find reasons to deny large claims. This can be considered to be insurance bad faith and may be grounds for filing a lawsuit against the insurance carrier.
Examples of Insurance Bad Faith include:
A denial of insurance benefits due as outlined in the policy.
Unreasonable delay in payment of insurance benefits due.
Failure to promptly or properly investigate a claim.
None disclosure of policy benefits.
Making misrepresentations to a claimant about their policy.
Many types of insurance claims result in litigation based on the grounds of Bad Faith, including disability insurance and life insurance benefits. If your insurance company attempts to escape it’s obligation to investigate the claim or not pay you, hire a qualified, experienced Bad Faith Claims Attorney to help you fight.
When a reasonable settlement with an insurance company can not be achieved, Bad Faith Insurance claims litigation becomes necessary to protect your rights.
Marc Whitehead & Associates is a National Disability Law Firm representing disabled individuals on all 50 states with over 20 years of experience fighting for our clients.