Although motorists are, by law, required to carry a minimum amount of car insurance coverage, many people choose to carry more than the minimum coverage because they want to make sure they are fully protected if they are hit by another driver or are in any type of traffic accident. Despite the fact that car insurance is thought to be safety net for motorists, however, it’s not uncommon that, when drivers get into car accidents and submit accident claims to insurers, their insurance companies will attempt to:
- Reduce the value of their claim and only try to payout a fraction of what their claim is actually worth
- Deny their legitimate claims entirely.
When such practices are used on drivers who have real claims, it is known as bad faith insurance, and insurers can be sued for both the value of the claim and for punitive damages (that are intended to punish the insurer for its illegal and unethical practices).
In the following and an upcoming second part of this blog, we will highlight three common ways that insurance companies can practice bad faith when it comes to car accident claims. If you are filing a claim and recognize any of these signs of insurance bad faith, it’s critical you contact us immediately, as we can help you get the full amount of compensation that you deserve.
Bad Faith Practice 1: Insurers say that they are still investigating the accident.
One common way in which insurers may practice bad faith with car accident claims is by trying to prolong the payout to policyholders; they may attempt to do this by saying that they are still investigating the accident associated with the claim. Although it may take a few weeks for a legitimate claim investigation, it should generally not take months, as this can:
- Create an undue financial burden on policyholders
- Be unfairly used by insurers to offer settlements that are WAY lower than what policyholders actually deserve.
In such cases, policyholders should stick to their guns, not trust insurers and consult with one of our St. Louis car accident lawyers to ensure they are able to get the entire settlement to which they are entitled.
Be sure to check out the upcoming second part of this blog for more info on how insurers can try to limit or wrongfully deny legitimate car accident insurance claims.
St. Louis Car Accident Lawyers at Brown & Brown Attorneys at Law
If you have been involved or injured in a car accident and are getting ready to file a claim with your insurance company, contact the St. Louis car accident lawyers at Brown & Brown Attorneys at Law. We are skilled at going up against insurers to help our clients obtain the full amount of compensation they deserve. While we have a long-standing commitment to serving our clients, we are also experienced at aggressively defending our clients’ rights in any legal setting.
For more than 10 years, our lawyers have been successfully representing our clients in car accident cases. Our steadfast dedication to the pursuit of justice in every case we handle means that we will work relentlessly to help our clients achieve the best possible resolutions to their cases. One of our primary goals is to help accident victims secure the maximum possible compensation for their injuries and losses so they can focus on their recovery and moving on with their lives.
Let’s Talk – We Invite You to a Free Initial Consult
You can learn more about your rights by attending a free initial consult with one of our trusted and esteemed car accident attorneys. Set up a meeting today by emailing us using the form at the right-hand side of the screen and/or by calling us at 573-333-3333 for our Missouri office or at 618-888-8888 for our Illinois office.