What is “bad faith” insurance?

When you subscribe to an insurance plan and sign a contract with your insurance company, you are legally bound to pay your premium and co-pay. At the same time, though, the insurance company is also legally responsible for covering the accidents and issues outlined in your plan. Sometimes, your insurance provider may try to cut costs by refusing to pay your claim. This is known as bad faith insurance.

If you are in an accident, you have enough to worry about without having to fight your insurance company to cover your claim. If you are dealing with a bad faith insurance case, contact a Detroit insurance company fraud lawyer from Ravid & Associates, P.C., today at (866) 644-6587.