Tag Archives: Bad Faith Insurance Claims
Is there an Honest Disagreement or is My Insurer Acting in Bad Faith?
Under the Florida Insurance Code, insurers have a legal duty to handle all property insurance claims using fair settlement practices. If they fail to live up to that legal obligation, the affected policyholder may have the right to bring a bad faith insurance claim. This is a powerful claim, because when it is successful,… Read More »
Florida Property Damage Claims: What You Need to Know About Initial Settlement Offers
In the event that you are forced to make a property damage claim for your Florida home, you will be protected by the state’s Homeowner Claims Bill of Rights. This statute provides critical legal protections for property owners. It also puts many obligations on insurance companies. For example, in Florida all insurers have a… Read More »
Four Examples of Bad Faith Insurance Practices
Under Florida law, first party insurers have a legal duty to handle all insurance claims using good faith settlement practices. At the most basic level, this means that insurance companies are obligated to act “honestly” and “fairly” towards insured parties. Unfortunately, all too often, insurance companies fail to live up to this responsibility. The… Read More »
Can an Insurance Company Cancel Your Policy Simply Because You Filed a Property Damage Claim?
The short and simple answer to this question is ‘no’. The state of Florida has strict rules that insurers must follow before they can cancel your coverage. A company may not cancel your policy simply because you filed a property damage claim. If you have had an insurance policy for more than 90 days,… Read More »
Florida Bad Faith Insurance Claims: What Damages are Available?
Companies that offer property insurance policies in Florida have a legal duty to treat their policyholders fairly. This is because Florida has a good faith requirement for handling insurance claims. When a company violates its good faith obligations, it can cause major headaches and financial damage to victimized policyholders. Companies must be held accountable… Read More »