The importance of understanding your insurance coverage
After a car accident, many people file an insurance claim to receive compensation for damages and injuries. However, insurance companies may contend these claims and may not pay some or all of the requested compensation.
If the insurance company fails to pay the insured party an amount that is required by the insurance agreement, then the insurance company may be committing insurance bad faith. To determine whether this has occurred, the insured party must first establish what the insurance policy covers.
The insurance coverage varies depending on the agreement between the insurance company and the insured party. For instance, a person may have collision coverage and uninsured motorist protection, but may not have property damage coverage. In which case, the insurance company would likely not be guilty of bad faith insurance if it failed to pay for property damages.
If you or anyone you know has been a victim of insurance bad faith, contact the Iowa insurance bad faith lawyers of LaMarca Law Group, P.C., at (515) 225-2600.