Insurance Coverage - Answers and Information
Underpayment and Delayed Payments
Some insurance companies offer a lesser amount of money than what the policy specifies. Often, the policy holder accepts this minimized amount to meet their financial needs. Underpayment is a form of bad faith. The insurance company may also delay the payment, causing financial distress to the policy holder. This common practice is also a form of insurance bad faith.Underpayment and Delayed Payments
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Answers and Information
Information on bad faith, denied claims, delayed payments, underpayment, failure to defend, denied claims damages, exclusions and limitations and policy rescission.
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