Insurance companies have an obligation to act in good faith when dealing with their policyholders. Insurance policies are, essentially, contracts for services between insured individuals and their respective insurance companies. When an insurance company withholds policy benefits without reason, or does not act reasonably under the provisions of a policy, it may be acting in "bad faith."
An insurance company has a duty to conduct a proper and thorough investigation of claims that are filed by a policyholder. The company cannot simply look for excuses to deny a claim, but must give consideration to its clients' needs and financial interests. Not every insurance claim denial constitutes bad faith. If your claim is not covered under the policy, the insurance company can deny the claim without acting in bad faith.
If you suspect your insurance company may be acting in bad faith after a construction law claim, please contact the Alabama law firm of Liveoak & Boyles, L.L.C.
Tuscaloosa Construction Defect Attorney
The denial of a claim is not the only way an insurance provider can act in bad faith. Other examples of bad faith include:
- Delaying payment of claims
- Discounting payment of claims
- Failing to investigate a claim
- Unreasonably interpreting insurance policy language
- Refusing to settle a claim
Our experienced lawyers will review your situation, including the terms in your insurance policy, and help you determine whether or not you may have a claim of bad faith. We will review your policy and the relevant provisions as they relate to your claim. Our lawyers can help you get the best result for your case.
Contact a Birmingham Insurance Bad Faith Lawyer
For more information regarding your options in insurance bad faith litigation, call us at 205-718-7624 or toll free at 800-314-7325 to schedule a free initial consultation.
