Insurance bad faith occurs when an insurance company fails to fulfill its contractual obligations to its policyholders in good faith. This can include denying claims without a valid reason, delaying payments, or failing to investigate claims properly. Denied claims are those that have been rejected by an insurance company, often due to a dispute over coverage or the amount of the claim. Insurance litigation is the legal process of resolving disputes between insurance companies and policyholders. This can involve filing a lawsuit, going through mediation, or arbitration.
Insurance bad faith can have serious consequences for policyholders. They may be left without the financial resources they need to cover their losses, and they may have to pay out-of-pocket for expenses that should have been covered by their insurance. Denied claims can also be frustrating and time-consuming to resolve. Insurance litigation can be a complex and expensive process, but it may be the only way to get the compensation that you deserve.