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Bad faith insurance settlements are monetary awards granted to those who have been victimized by an insurance company's bad faith practices. Legally speaking, the term bad faith refers to the illegal act of denying or minimizing a policyholder's claim in an effort to save the company money. Such acts are viable personal injury claims and, consequently, give victims of bad faith the right to seek compensation for their injuries, and losses.
To find out if you or a loved one has a legitimate bad faith insurance claim, schedule a complimentary consultation with a highly trained and professional bad faith insurance attorney. During this meeting, prospective plaintiffs can learn more about their rights and secure the aggressive representation they need to obtain the settlement they deserve.
Because bad faith can come in a variety of forms, it may be difficult for the insured to detect when his insurer is acting in bad faith. Some indications that bad faith may be occurring include:
In each of these (and many other instances), the insurance company is attempting to deny or to pay out less of the claim money that is rightfully owned to the insured.
An established, well-respected non-profit organization, Fight Bad-Faith Insurance Companies (FBIC), is dedicated to standing up for the rights of those victimized by bad faith practices. In fact, their research has found that the following insurance companies were among the top 10 insurers notorious for consistently committing bad faith practices:
Alternately, FBIC ranks the top ten best insurance companies (i.e. those who consistently stand up to good faith practices) as:
If you or a loved one has been victimized by bad faith practices, contact our bad faith lawyers to find out if are eligible to file a claim and seek compensation for your losses. During a private, no-obligation consultation with a bad faith attorney, you will find out all your legal options.
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