In Florida, bad faith law requires that insurance companies act in the best interests of their policyholders. This often means that an insurance company has the duty to look for coverage when a policyholder files a legitimate claim, rather than looking for ways to deny coverage. Under bad faith law, insurance companies must fulfill several other obligations in accordance with common law principles of good faith and fair dealing. Generally, an insurance company acts in bad faith in failing to settle a claim when, under all the circumstances, it could and should have done so, had it acted fairly and honestly towards its insured and with due regard for his interests.
Under bad faith law, insurance companies are required to adjust a claim within a reasonable period of time. Insurers must also fully cooperate with claimants. This includes providing prompt responses to policyholder’s inquiries. Furthermore, Florida’s bad faith law requires insurers to, among other things, disclose to policyholders the reasons why they are denying requested benefits and cite specific policy provisions in support of their position.
Violations giving rise to bad faith lawsuits include the following:
If your insurance company is giving you the around and unreasonably refusing to properly adjust your claim, contact Salas Law Firm at 954-315- 1155.
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