We’ve discussed insurance bad faith on this blog in the past. It’s a real problem, and one that can have tremendous financial implications for those affected by it.
While there are legal steps you can take to try to hold an insurance company accountable for its bad faith practices, there’s also action you can take to try to avoid it in the first place.
So, if you’re hoping to reduce your risk of insurance claim delay and denial, then keep reading.
Ways to reduce your risk of being subjected to insurance bad faith
While there’s only so much you can do to avoid insurance bad faith, there are concrete steps you can take to reduce your risk. This includes doing the following:
- Only acquiring a policy from a reputable insurance company that has good reviews and isn’t known for engaging in bad faith practices.
- Carefully reading through your policy so that you understand its provisions, including all conditions and exceptions.
- Documenting all interactions with the insurance company so that if you do need to file a claim you can lay everything out for the insurance company, which may deter them from wrongfully delaying or denying your claim.
- Being accurate, honest, and thorough when communicating with the insurance company so that they don’t attribute their bad acts to something that you’ve done.
- Not hesitating to file a complaint with the appropriate state regulatory agency.
Aggressively protect your interests
A wrongfully delayed or denied insurance claim can devastate your financial stability and leave you with an uncertain future.
You don’t deserve that, which is why now is the time to start thinking about how to avoid insurance bad faith or, if it’s too late for that, figuring out how to pursue successful legal action.
