When you purchase an insurance policy and pay your premiums, you have entered into a legally binding contract with the insurance company. In cases in which you are due benefits from your own insurance company, like disability or life insurance policies, or claims for uninsured or underinsured motorist benefits, your insurer owes you a well defined duty of good faith and fair dealing. They are prohibited from denying your claim without a reasonable basis. Insurance companies are large corporations that do not make money by paying out large claims.
Sometimes an insurer wrongly refuses to pay the claim of its own insured under a policy, including claims under:
Uninsured or underinsured motorist benefits
Medical payments coverage
Health or disability policy
If this occurs, the insurer may be subject to liability for acting in bad faith. Under Wisconsin law, an insurer may not unreasonably deny or delay payment of its own insured’s claim under a policy. You pay your premiums in order to protect yourself when you need it most: after a family tragedy, disability, property loss, or other financial harm. If an insurance company has delayed or disputed your
The team at Scherr and Scherr, LLP is knowledgeable about how to uncover and verify such policies. We are experienced in challenging insurers’ attempts to exclude coverage. We are experienced in litigating bad faith claims against insurance companies. Bring your case to our experienced attorneys, and we will pursue the appropriate remedies on your behalf.