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Insurance companies are supposed to act in good faith when settling claims.
However, in some cases, insurers may attempt to settle claims for amounts far below what they're actually worth.
If you believe your insurance settlement is unfair, you may have the right to dispute it.
What is Bad Faith in Insurance?
Bad faith occurs when an insurance company fails to act in good faith when handling a claim.
This can include:
- Refusing to pay a valid claim
- Delaying payment without justification
- Offering a settlement that's far below the policy limits
- Failing to investigate the claim properly
- Misrepresenting the terms of the policy
How to Dispute an Insurance Settlement
If you believe your insurance company has offered an unfair settlement, you can take several steps to dispute it.
First, request a detailed explanation of how the insurer calculated the settlement amount.
If you disagree with the calculation, you can request an independent appraisal.
You may also hire an attorney to review the settlement offer and negotiate with the insurance company on your behalf.
When to Hire an Attorney
If your insurance company is acting in bad faith or has offered an unreasonably low settlement, it's time to consult with an attorney.
An experienced insurance attorney can:
Review your policy and claim documents
- Identify bad faith practices
- Negotiate with the insurance company
- File a bad faith lawsuit if necessary
- Pursue damages for bad faith conduct, including emotional distress and punitive damages
Contact Irpino, Avin & Hawkins Today
If you're in a dispute with your insurance company over a settlement, contact Irpino, Avin & Hawkins for a free consultation.
Our experienced insurance attorneys can review your case and help you get the compensation you deserve.
Call us today at 1-800-7500-LAW or 504-525-1500.
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