Insurance Companies Are Required to Be Fair
Montana law requires insurance companies to act fairly and in good faith. People buy insurance coverage to protect themselves against losses they cannot handle alone. Whether the policy is for auto, home, health, disability or life insurance coverage, people reasonably expect insurance companies to fulfill their duties under Montana law and keep the promises in their insurance policies.
The following are some examples of bad faith handling of an insurance claim:
- Misrepresenting the facts of insurance policy provisions related to coverage
- Improperly denying a valid insurance claim
- Unreasonably delaying payment of a claim
- Failing to conduct a reasonable investigation before denying a claim
- Refusal to offer a prompt and fair settlement when liability is reasonably clear
- Forcing a policyholder to file suit to get the benefits of the insurance policy
- Failing to promptly provide a reasonable explanation for denying a claim
Insurance Attorney in Billings, MT
If your insurance company has failed to live up to its promises to protect you, it may be guilty of unfair practices or bad faith.