Insurance companies do not always have their policyholders’ best interests in mind. This can come as a shock to many people, particularly when the time has come to file an insurance claim, only to have their insurance provider deny it for no apparent reason. The truth is that many insurance companies protect their own profits over the wellbeing of their policyholders.
When an insurance company denies an otherwise valid insurance claim, it is said to be acting in bad faith. Bad faith insurance tactics can sometimes be considered illegal, and are always unethical. If you have recently had an insurance claim denied, it may be an example of bad faith insurance tactics at work.