While there isn’t a definitive checklist you can use to determine if your insurance company is acting in bad faith, reviewing some common tactics may help you understand what red flags to look out for. Here are Steve Mostyn’s five most common, unsavory techniques he’s seen insurance companies use to avoid paying out on policies:
Any or all of these tactics can help insurers game the system while swindling people who have paid into their premium payments for years as a hedge against catastrophe.
“Our clients just wanted to be paid what they were owed – policy proceeds that they paid for through premiums for years,” says Steve Mostyn, who has worked on thousands bad-faith insurance cases in recent years. “Our clients were not looking for anything extraordinary or windfalls, they simply wanted to get the money they were owed so they could begin to rebuild their homes and lives.”