Insurance Policyholder Rights
When you purchase an insurance policy, you enter into a legal agreement with the insurance company. As a policyholder, you are paying for specific assurances that are detailed in your policy. Insurance companies are legally bound to investigate your claim and compensate you for covered losses. Additionally, they are required to engage in good faith conduct, to treat you fairly, and to act without delay. Many states have enacted policyholder bills of rights. If you have been treated unfairly in your storm damage claim, we encourage you to contact our firm today to learn more about your insurance policyholder rights.
Insurance Bad Faith?
People purchase property insurance to protect their homes and property from natural disasters, accidents and other types of harm. It is often said that the most important part of an insurance policy is the peace of mind that accompanies the policy. As a policyholder, you have the right to full compensation for damages. When an insurance company does not comply with their contract, legal action may be taken for insurance bad faith conduct, including low-ball offers or complete claim denials.