"First-party" insurance claims are insurance claims that a policy holder makes directly with their own insurance company, essentially for breach of contract. For example, a person who holds a homeowner’s insurance policy that covers fires would make a claim with this or her own insurance company to cover fire damage and repairs on a covered property.
If the insurance company honors the claim, then it will compensate the policy holder according to the terms laid out in the policy. Other examples of first party insurance claims include hurricane or windstorm claims, hail and roof damage claims, water damage claims, and lightning claims, just to name a few.
Do you know the clams covered in your policy? Knowledge of what is covered and what is not covered in your insurance policy is critical. And to determine what is covered, your lawyer should always start at the policy. To trust the insurance company on what is covered versus not covered is a horrible decision and a huge mistake — do NOT trust your insurance company to make the right and honest call. It won’t. Instead, the insurance company almost always will deny your claim or offer to pay less than fair value of your first party insurance claim to maximize insurance company profits, rather than honor their contractual obligations to you. If your insurance company behaves in such a manner, it may be acting in bad faith and breaching the contract it entered into with you, the policy holder. In such case, you may have the right (and the need) to file a lawsuit against your insurance company to fight for the damages you are entitled to under the insurance policy.
Examples of Insurance Companies Acting in Bad Faith
What are some examples of an insurance company acting in bad faith? Consider the following:
- Denying your claim without a legitimate reason
- Failing to pay a valid, covered claim
- Delaying paying a valid clam for an unreasonable amount of time
- Failing to promptly reply to a claim
- Harassing or intimidating the policyholder
- Failing to provide a reasonable explanation for the denial or a partial payment
- Failing to properly investigate a submitted claim
Call to Schedule an Appointment to Meet with Our Policy-Holder Advocates!
If your insurance claim has been denied, reach out to LeavenLaw’s insurance dispute attorneys for help. LeavenLaw’s Attorneys will fight for your and not let you be intimidated by the insurance company. In the end, if you have a legitimate claim, LeavenLaw’s consumer advocates are dedicated to tirelessly fighting to make sure that you get the best representation for you denied claim throughout the litigation process.
When you are ready to start aggressively pursuing maximum compensation for your first party insurance claim, call LeavenLaw at (866) 514-0556 for your free consultation! #insurancehunter