Are You the Victim of Bath Faith Insurance in New Jersey?

You likely have at least one type of insurance coverage, but it is more likely that you own at least a couple. For instance, Pennsylvania car insurance laws require that every registered automobile owner in the state have and maintain vehicle liability insurance. The reason for the requirement is due to the high frequency of car accidents and the expensive losses that these incidents cause. With insurance, paying for the damages that are sustained becomes more realistic than it would be without insurance, as most people do not have tens of thousands of dollars and more on hand to pay for the aftermath of a crash.

Though, it isn’t just car insurance that a person may carry. Health insurance, disability insurance, homeowners insurance, and more are just a few more examples of the many types of insurance available to the public. When purchasing a policy, a policyholder expects the insurance company to act in good faith when they are called upon. That is to say, the insurance policy holds up its end of the agreement and provides reasonable and fair payment where required.

The problem is that when the time comes to call on an insurance provider for financial assistance consistent with the insurance coverage in question, the insurance company is not going to be overly eager to help. The truth is that insurance companies are always looking for ways to minimize payments or tactics to get out of having to pay claims. They even train their adjusters on how to handle claimants and do investigations to find these opportunities where they can make it difficult for claimants to get the full amount of compensation they are owed.

When speaking with any insurance adjuster, be aware that the last thing they care about is your well-being. They will sound pleasant and caring when you speak with them, but this is only to gain your trust so they can undercut you more easily.

Insurance companies in New Jersey and Pennsylvania do not always do the right thing. When this happens to you, and an insurance company is not paying a covered claim, or if they are doing other questionable things like delaying your claim, it is essential to arm yourself with an attorney who can help you combat these tactics. Monaco Law PC is a bad faith insurance law firm in New Jersey and Pennsylvania that can help you in this distressing situation.

When you submit your claim, and you are being treated in a way that you do not deserve, you may be able to hold the insurance company accountable for their behavior. Taking legal action may not only result in having your claim processed and paid promptly but could also pay you punitive damages for everything you had to endure.

Speak to a New Jersey Bad Faith Insurance Attorney Today 

The South Jersey bad faith insurance lawyer at Monaco Law PC can help you get the compensation you deserve from a bad faith insurance claim. You are welcome to schedule a free initial consultation to go over your case by calling (609) 277-3166 for our New Jersey office and (215) 546-3166 for our office in Pennsylvania.

We are a New Jersey and Pennsylvania bad faith insurance law firm serving Atlantic County, Burlington County, Cape May County, Camden County, Cumberland County, Gloucester County, Mercer County, Middlesex County, Ocean County, Salem County, and all of South Jersey.

Source:

nj.gov/dobi/enfcon.htm