Posted on: 28/11/2017
Purchasing disability insurance is supposed to give you peace of mind in the face of a serious injury. Unfortunately, more and more policyholders who are in need of the benefits they thought they were securing in case of an emergency are being unreasonably denied the money they need to support themselves while they are unable to work.
If you are one of these people, read on to find out more about bad faith disability insurance denials and how to go about obtaining the benefits you’re entitled to.
What Is Considered Bad Faith?
A bad faith denial of disability insurance is when your claim for benefits is being wrongfully denied or delayed. The insurance company isn’t holding up its end of the contract.
Some of the most frequently seen acts of bad faith include failing to approve and release benefits in a timely manner, bullying claimants into accepting lower settlements than they are entitled to, improper denials to protect the company’s financial assets, and coercing unnecessary information to discourage policyholders.
Speak with a disability insurance lawyer at Mirian Law Firm if you think your insurance company has used any of the above tactics in delaying or denying your claim. You have a right to these benefits, and we won’t allow the insurer to intimidate you any further.
Obtaining the Benefits You’re Entitled To
After we are able to achieve an approval for your claim, you may be entitled to some additional types of compensation if the insurance company has acted in bad faith.
In addition to the compensation listed in your original contract, you may be able to seek funds for stress and anxiety caused by the delay of your benefits and losses stemming from the delay, including damage to your credit score and late fees for unpaid bills.
Some cases in which the insurance company was particularly malicious and engaged in gross misconduct may entitle you to punitive damages, which will hopefully prevent this from happening to another person in the future.
The insurance company isn’t going to get away with its dishonest behavior. Any denial made in bad faith is an insult to policyholders everywhere who are counting on insurers to survive after being diagnosed with a disabling condition.
Your fight can be made easier with the assistance of a Mirian Law Firm disability insurance lawyer. We are prepared to send a letter of demand for your payment and even bring the insurer to court if necessary. You can rest assured that our experienced attorneys will be on your side.
Work with a Toronto Disability Lawyer
Are you ready to take control of your disability and obtain the benefits you paid for when you purchased your insurance policy? Contact a Toronto disability insurance lawyer at Mirian Law Firm and gain access to your benefits as quickly as possible. You can fill out our contact form below or give us a call at 647-556-5888 to schedule your free, no-obligation consultation today.