The people of this country purchase insurance to protect themselves in case of an accident. The state of South Carolina requires all drivers to have car insurance for this reason. Yet what happens when an accident occurs and the car insurance company refuses to perform their duty and obligation? This is what is called “bad faith,” and it can have a detrimental effect on your ability to get compensation for an accident.
First Party Bad Faith
In a first party bad faith insurance lawsuit, the insured party may make a claim for their own losses based on their policy. If it is bad faith insurance, the insurance company will deny the claim without basis or possibly even without investigation. For example, if you hit a light pole and file a claim but the insurance company never sends out an adjuster or fails to respond to your correspondence, this could be a bad faith insurance claim. Continue reading “What is “Bad Faith” And How It Applies to Your Auto Accident Compensation”