Bad Faith Insurance Practices Explained by a Bad Faith Litigation Lawyer Chicago, IL Trusts
It’s an unfortunate fact that insurance companies often care more about their profits than their loyal customers. If you have filed a valid claim and yet, your insurance company denied it, you may need the help of a bad faith litigation lawyer Chicago, IL relies on. At Childress Loucks & Plunkett we see instances of this on a regular basis. When a person experiences a calamity and must file an insurance claim as a result, they have a reasonable expectation that their own insurance carrier will honor their responsibility to approve their claim. And yet, too often they do not offer a reasonable settlement within a reasonable period of time. That may not change until the claimant hires a Chicago bad faith litigation lawyer to protect their rights. If your insurance company refuses to work with you, give us a call. After a complimentary consultation with our bad faith litigation lawyer in Chicago, IL, you will have a clear understanding of how we may be able to help you.
What are bad faith insurance practices?
There are many kinds of insurance policies, and many insurance carriers specialize in offering one or another type such as health, motor vehicle, aviation, etc. However, what they share in common is that they might act in bad faith when it comes to paying out a claim. Here are several instances of how this might affect a customer:
- They deny a valid claim for an invalid reason.
- They deny to offer a potential customer insurance coverage for an invalid reason.
- They do not issue a claimant the full range of benefits for which they qualify.
- They significantly or endlessly delay in paying out a claim.
- They significantly or endlessly delay in processing the claim, neither denying it nor accepting it.
- They hire physicians, investigators, and others to come to conclusions that benefit the insurance carrier rather than provide an objective opinion that might benefit the customer.
What is bad faith litigation?
Many claims, especially those which are not of high value, are resolved quickly and painlessly by the insurance company. On the other hand, claims which are for many thousands of dollars may not get the same treatment. This is not fair as they should be handled as expediently and fairly as lesser value claims. To correct this injustice, it is sometimes necessary to take the insurance company to court in order to compel them to follow the law. When an insurance policyholder alleges in a civil suit that an insurance company has not honored their side of the agreement, this is known as bad faith litigation.
We Protect the Rights of Families, Individuals, and Businesses
Regardless of the type of insurance policy you have, if the carrier is not upholding their duty to you as the customer, you may benefit from working with a legal professional from Childress Loucks & Plunkett. If your insurance company is not acting in good faith, we will make every effort to resolve the issue without resorting to litigation. However, if necessary, we can take the insurance company to court on your behalf. We encourage you to find out more about how we might be able to assist you. Childress Loucks & Plunkett offers a free consultation so call us today to schedule a case review with our knowledgeable and helpful bad faith litigation lawyer Chicago, IL trusts.