Insurance Bad Faith Attorney in St. Petersburg

The concept of insurance bad faith can be a tricky one. On the one hand, insurance adjusters have a job to do for their employer, the insurance company, to resolve claims as economically as possible. This only makes sense when your company is trying to make a good profit for its shareholders or members, which is what most companies are organized to do. On the other hand, the insurance adjuster owes a duty to the company’s customer, the insured, to try to resolve claims against the insured, in a manner which minimizes their insured’s exposure to lawsuits and having to pay damages in excess of the limits of the insurance coverage. This duty also extends to the injured claimant in that the adjuster has a duty of good faith and fair dealing to them as well.

Bad faith is often seen in automobile insurance claims, though it can exist in other types of insurance. Sometimes it happens when the insurer won’t pay you a fair price for your vehicle, or cover the cost of a rental car while yours is being repaired. It is also particularly important to look for it in Uninsured Motorist and Underinsured Motorist claims since your own insurance company may owe an even greater duty to you.