What would happen If an insurance company refuses to pay a claim that should be paid or offers to settle a claim for less than it knows the claim is worth?
A. Bad faith claim against the Insurance company B. Unfair discrimination by Insurance company C. Long term profit for the Insurance company D. Cancellation of Liscence doing business by the Insurance company
Life Insurance Adviser who can connect the policy seekers with the right insurance providers.
Thomas BenFinancial & Insurance Adviser, Higher Education, united kingdom
Financial & Insurance Adviser, Higher Education, united kingdom
Answered on Oct 17, 2019
A. Bad faith claim against the Insurance company
If the situation occurs you may contact any lawsuit and file a complaint against the insurance company with proper documentation. Before that, it is good to have proper knowledge about the terms and conditions mentioned in the agreement.