Bad faith in insurance refers to an insurer’s intentional failure to fulfill its contractual obligations to its policyholder. This concept arises when an insurance company acts unfairly or unreasonably toward a claimant, such as refusing to pay a legitimate claim, delaying payment without justification, or offering an unreasonably low settlement.
Insurance companies have a duty to act in good faith and deal fairly with policyholders. When they breach this duty, it can result in significant financial and emotional strain for the claimant. Examples of bad faith include misrepresenting policy terms, failing to conduct a proper investigation into a claim, or denying coverage without a reasonable basis.
If you believe your insurance provider has acted in bad faith, you may have legal recourse to hold them accountable. An experienced attorney can help you assess your situation, gather evidence, and pursue compensation for your losses. Contact Morgan & Morgan for a free case evaluation to explore your options and protect your rights.
