Bad Faith Insurance Claim Disputes in Illinois
Bad Faith Insurance Claim Disputes in Illinois
A bad faith insurance claim refers to a legal claim that an insured can bring against its insurance company when it unreasonably refuses to pay or delays payment of a valid claim. Illinois law requires insurance companies to deal fairly and in good faith with the people and businesses they insure.
Signs of Bad Faith by Insurance Companies
Recognizing bad faith behavior by an insurer is the first step in protecting your rights. Some common indicators that an insurance company has acted in bad faith include, but are not limited to, the following:
- Unreasonable delays: The insurer takes an excessive amount of time to process or investigate your claim.
- Unfair denials: The insurer denies your claim without valid reasons or does not adequately explain the basis for the denial.
- Insufficient investigation: The insurer fails to conduct a detailed investigation before denying or underpaying your claim.
- Lowball offers: Offering a settlement amount significantly below what is fair or justified.
- Misrepresentation of policy language or facts: Misleading the policyholder about coverage, limits, or terms to avoid paying a claim.
- Failure to communicate: Failing to keep the policyholder informed about the status of their claim or providing regular updates.
- Requesting excessive documentation: Repeatedly asking for unnecessary or duplicate documents to stall the claims process.
Why Choose Mag Mile Law For Your Bad Faith Insurance Claim Disputes?
At Mag Mile Law we understand the frustration our clients go through with their insurance carrier. Things are even more frustrating when insurance companies are acting in bad faith. We want to make sure you get everything you’re owed in an insurance claim dispute.
Mag Mile Law is a premier insurance coverage litigation firm that focuses on complex coverage and “bad faith” claims that arise under commercial, individual, and group policies. We represent policyholders in various types of claims and disputes arising under commercial and personal policies, and regularly advise clients on potential and recently-enacted legislation.
Experience Matters: Lawyers Steven Mikuzis and Mario Iveljic are also licensed insurance producers in the State of Illinois with Power Risk Management. They understand insurance policies inside and out.
We work on a contingency basis: Our team at Mag Mile Law understands you are already under a ton of stress and have probably reached the limits on your frustration meter, so the majority of our insurance claim cases are done on a contingency basis. We don’t get paid until we win your case against the insurance carrier.
So, if you or someone you know has experienced any of these behaviors from an insurance company, it could be a sign that your insurer is failing to act in good faith. Contact Mag Mile Law to help you understand your rights and determine the best course of action.
Insurance Contract Cases We Can Assist With
Unsure if you have a case against your insurance carrier for a property claim?
Simply contact us with the details of your case and one of our attorneys will get back to you within 24 hours.
Fire Damage
The total or partial loss of personal, business or real property due to fire and water damage. This includes recovery to replace personal and business contents as well as damaged buildings.
Wind & Hail Damage
As storms increase in severity and frequency, some carriers will deny legitimate wind and hail claims for “wear and tear” or “repeated seepage”. Sound familiar? Reach out.
Jewelry Floater Theft
Have you been the victim of a burglary or a theft of your scheduled jewelry, only for a carrier to question your ability to afford the jewelry you paid them a premium to insure? If so, give us a call.
Frozen/Burst Pipe
Our summers are brutally hot, but our winters are becoming bitterly cold. Some carriers will deny your frozen pipe claim due to a failure to maintain heat. We can help.
Building Collapse
Building collapse claims often get tied up when the carrier is conflicted over the cause of the collapse and whether or not that cause is a covered “peril” under the terms of the property insurance policy.
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