Insurance companies are businesses, and just like any other business, their number one goal is to protect their bottom line. This means that many times insurance companies focus more on profits than what is in their insured policyholders’ best interests. This is despite the fact that the insured pays the insurance company monthly premiums just to be protected in the worst-case scenario. Essentially, Insurance companies are betting that you will not have to file a claim and that they will collect your monthly premiums for years without having to pay out a dime. And far too often, they are willing to do everything in their power to win that bet, even if it means cheating, committing fraud and bullying you, to do so.
A bad-faith claim arises when the insurer denies or delays your claim despite a reasonable opportunity presented to them to settle within your policy limits. When this happens, the insurer violates the duty of good faith and fair dealing that is inherent in every insurance policy. Unfortunately, most policy holders are not aware of their rights and, therefore, insurers usually get away with this.
As a leading personal injury firm, we understand what many ordinary people do not; that insurance companies are in the business of making money, not helping people, and some are willing to cheat and commit fraud in order to do it. We have personally encountered countless adjusters who have tried everything in the book from denying coverage that the insured has already paid for, to cancelling the policy outright, all when faced with an extremely high claim value.
If you are faced with such a situation do not let the insurance company bully, you into accepting an inadequate settlement or into dropping your claim altogether. Call the California Insurance Bad Faith Lawyers at Yerushalmi Law Firm now at (310) 777-7717 for a free consultation. Remember, you pay your premiums as required under your contract of insurance, the insurance company must reciprocate by honoring their part of the contract and pay out when the time comes.