Advocating for Policyholders – Cook County Bad Faith Insurance Lawyers
When you fulfill your contractual obligations by paying premiums, you have every reason to expect that when disaster strikes your insurance company will stand behind you and fulfill its obligations to provide the protection that you paid faithfully to receive. This may be a reasonable expectation. However, many policyholders who have never made a single claim against their policy find that their insurance company refuses to cover their property losses pursuant to their uninsured motorist or underinsured motorist (UM/UIM) coverage, fail to cover the cost of repair or replacement of their home after a fire, or fail to otherwise provide the security for which premiums were faithfully paid.
The Unethical Practices of Insurance Carriers
Our Chicago bad faith insurance law attorneys at Stein & Shulman, LLC are thoroughly familiar with the practices that insurance companies employ to increase profits while failing to abide by contractual obligations to policyholders. Many of our clients come to us after they have diligently pursued a claim with their insurance company only to be met with denial letters, ludicrously undervalued settlement offers, or tactics of delay. Your insurance company has a responsibility to respond to reasonable requests regarding the status of your claim and provide reasonable answers to your questions. An insurance company may violate these obligations because the carrier knows that many times policyholders simply become fed up and give up or accept a lowball settlement. Our Cook County insurance dispute lawyers are familiar with the dishonest and unethical practices employed by many insurance carriers, and we are prepared to fight for the insurance benefits promised under your policy.
When an insurance company fails to deal with you in good faith, you many not only have the right to seek contract damages for your loss, but you also might have a right to seek non-contractual damages for the insurance carrier’s refusal to deal with you in good faith. Whether your insurance company is denying your claim without a legitimate basis or unfairly undervaluing your claim, our experienced and dedicated Chicagoland insurance law attorneys can discuss strategies to obtain benefits under your policy, which might include filing a lawsuit for insurance bad faith.
Obligations of Insurance Companies toward Policyholders
The Illinois bad faith insurance attorneys at Stein and Shulman, LLC have decades of experience litigating bad faith insurance claims, including but not limited to the following:
- Refusal to defend against lawsuits
- Denials of private long-term disability coverage
- Uninsured Motorist (UM) & Underinsured Motorist (UIM) Claims
- Denials of coverage by health insurance carriers
- Failure to cover damage to your home (homeowners insurance coverage)
- Fire damage claims
- Auto insurance/comprehensive coverage (full value of property damage including diminished value)
- Roof damage claims
Our attorneys provide tenacious legal representation for all types of conduct constituting violations of an insurance carrier’s obligation to cover claims and avoid bad faith practices, which include the following:
- Unjustified or unexplained denials of claims
- Failure of the insurance carrier to properly calculate deductibles
- Claims related to the scope of coverage and policy exclusions
- Lowball settlement offers
Although insurance companies are contractually obligated to provide financial security from loss, insurance carriers do not increase profits by maximizing what they pay in claims. When your insurance carrier denies your claim, you should request that your insurer indicate in writing exactly why your claim is being denied and ask your insurance company to indicate the language or section of your policy that forms the basis for denying or undervaluing your claim. By requesting that your insurance company provide this information, you force the insurance carrier to defend a specific rationale for its position when we file a lawsuit for coverage, proper valuation, and/or bad faith regarding your claim. It is also advisable to document all communications with your insurance company.
When your insurance company fails to honor its obligation to pay your claim, defend you from a liability claim, or attempts to force you to settle for far less than the value of your claim, our Chicago bad faith insurance law firm helps policyholders obtain the coverage and benefits to which they are legally entitled.
Protecting Victims of Bad Faith Insurance Practices– Your Cook County Bad Faith Insurance Attorneys
We invite you to contact us if your insurance company fails to provide coverage for damage to your home, your car caused by an uninsured driver, or other covered forms of loss. We understand the frustration that comes with dealing with an insurance company that refuses to honor its obligations or provide reasonable communication and promised benefits. Our committed team can review your correspondence with your insurance company and advise you regarding your rights. Stein & Shulman LLC effectively represented many victims of bad faith insurance tactics just like you.
Our law firm can provide the perfect balance of experience, expertise, empathy, diligence, and tenacity to help you obtain the best possible outcome for you and your family. If you are not being treated fairly by your insurance company, contact us today at (312) 422-0500 or email us to schedule your no obligation free consultation.
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