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Sunday, August 15, 2010

Insurance fraud wrongful claim denial -Rapid City South Dakota Attorney

Insurance fraud wrongful claim denial -Rapid City South Dakota Attorney: "WHAT'S BAD FAITH LAW?
You purchased insurance coverage to gain protection, peace of mind and security in the event of a loss. You acted responsibly in maintaining this insurance coverage and faithfully paying your insurance premiums. You lived up to your end of the bargain. Now you are asking your insurance company to do the same. But even though your insurance company promised to pay you when it took your premiums, now that you have suffered a loss, it wants a different deal. When someone is hurt, however, they are not in a position to re-negotiate. They are in a state of distress because they have experienced an injury, a death, a fire, a car accident, or some other type of loss. People who are suffering are vulnerable and it is easy to take advantage of them. That is why courts recognize that an insurance company has a unique relationship with the people it insures. Insurance companies must play by the rules, at all times and with every insured."

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