People get insurance as a safeguard against economic loss or property damage. Insurance policies, whether they involve your health, property, life or disability insurance, are in place solely to ensure that you feel guarded against catastrophic financial burden. However, insurance companies have been known to dishonor the terms of these policies while their customers suffer.
It’s useful to know how and why insurance companies may choose not to uphold their duties, and it may not come as much surprise that these reasons usually involve money. Here are a few ways insurance companies seek to guard their profits:
These are all red flags indicating bad faith on the part of your insurance company, each requiring swift action to save you from serious ramifications.
We invest trust in insurance companies when we take out a policy with them. We expect that our needs will be met in case of an unexpected health-related emergency or a natural disaster. However, insurance companies fail to hold up their end of the policy all the time, acting in bad faith. If this has happened to you, wait no longer to schedule a free consultation.
Arnett & Arnett Arizona Insurance Law