Is Your Insurance Company “Keeping the Faith” – First Party Bad Faith

Is Your Insurance Company “Keeping the Faith” – First Party Bad Faith

When you’re dealing with an insurance company, you expect them to act in good faith and honor the terms of your policy. Unfortunately, that’s not always the case. First-party bad faith occurs when your own insurance company fails to uphold its obligations, leaving you without the coverage or compensation you deserve.

What is First-Party Bad Faith?

First-party bad faith refers to an insurance company’s failure to act fairly and honestly toward its policyholders. In a first-party insurance claim, you’re seeking coverage or benefits directly from your own insurance provider—whether it’s for medical bills after an auto accident, property damage from a storm, or any other covered event. When your insurer unjustly denies your claim, delays payment, or offers an unreasonably low settlement, they may be acting in bad faith.

Common Examples of First-Party Bad Faith

Understanding what constitutes first-party bad faith can help you recognize when an insurance company is not acting in your best interest. Here are a few examples:

1. Unreasonable Denial of a Claim**: You’ve been in a serious car accident, and your medical bills are piling up. Despite clear evidence supporting your claim, your insurance company denies it without a valid reason.

2. Delaying Payment Unnecessarily**: After your home is damaged in a storm, you file a claim. Instead of processing it promptly, your insurance company drags its feet, leaving you without the funds needed for repairs.

3. Lowball Settlement Offers**: You’ve been injured in an accident and your insurance company offers you a settlement that doesn’t cover your medical expenses, lost wages, or other damages. They hope you’ll accept less than what you’re entitled to.

4. Failure to Conduct a Thorough Investigation**: An insurance company is obligated to investigate your claim thoroughly and promptly. If they fail to do so and deny or delay your claim, this may constitute bad faith.

Why First-Party Bad Faith Matters

First-party bad faith is not just an inconvenience—it’s a violation of your rights as a policyholder. When insurance companies act in bad faith, they put your financial security and well-being at risk. In many cases, victims of bad faith insurance practices are already dealing with significant stress and hardship, whether it’s recovering from an injury, repairing property damage, or dealing with the loss of a loved one.

How The Baker Law Group Can Help

If you believe your insurance company is acting in bad faith, it’s crucial to consult with a skilled personal injury attorney. At **The Baker Law Group**, we have extensive experience handling bad faith insurance claims. We understand the tactics insurance companies use and know how to fight for the compensation you deserve.

Conclusion

Don’t let your insurance company take advantage of you during a difficult time. If you suspect first-party bad faith, contact our team at **The Baker Law Group** today. We’re here to protect your rights and ensure you get the coverage and compensation you’re entitled to.

Call us today at 614-228-1882 or visit our website at www.bakerlawgroup.net.