Unpaid insurance claims, also known as insurance bad faith, occur when an insurance company wrongfully denies or delays payment of a claim. In some cases, insurance companies may even try to pressure policyholders into accepting low settlements. Besides, insurance companies have a duty to investigate and pay valid claims in a timely manner. If they fail to do so, they may be guilty of bad insurance faith.
If you have an unpaid insurance claim, there are a few things that you can do in order to get the money that you are owed. Here are five ways how to handle an unpaid insurance claim:
1. Hire an Unpaid Insurance Claim Attorney
When dealing with an unpaid insurance claim, one of the best things you can do is hire an attorney specializing in this area. They will be able to help you get the money that you are owed from the insurance company. Besides, an attorney will also be able to negotiate with the insurance company on your behalf.
2. Send a Demand Letter
Another thing that you can do is to send a demand letter to the insurance company. This letter should state how much money you are owed and what they need to do to pay you. Be sure to include a deadline in the letter, so they know you are serious about getting your money. Otherwise, they may try to ignore your letter.
3. Negotiate a Settlement
You may need to negotiate a settlement if you cannot agree with the insurance company. An unpaid insurance claim attorney can help you with this. Remember that you should never accept the first offer from the insurance company. Always try to get more money than what they are offering. If you are unsure how to negotiate, you can always ask your attorney for help. If negotiation fails, it’s time for the next step.
4. File a Lawsuit
If the insurance company still has not paid you, you may need to file a lawsuit against them. You will want to speak to your unpaid insurance claim attorney about this. Besides, this is one of the last resorts but is often the only way to get the money you are owed.
5. Take Them to Small Claims Court
Last but not least, if all else fails, then you can take the insurance company to small claims court. If you are still unable to get the money you own, you may need to take them to small claims court. An unpaid insurance claim attorney can help you with this as well. Using an attorney is often a good way to get the money you are owed without having to go through all the hassles of getting your money.
These are just five ways to handle an unpaid insurance claim. Hiring an unpaid insurance claim attorney is one of the best things you can do when dealing with an unpaid insurance claim. They will be able to help you get the money that you are owed from the insurance company. If you have any questions, speak to an unpaid insurance claim attorney specializing in this area.