Dealing with insurance companies can be difficult even when you have an obvious claim that they must cover. However, that does not mean the adjuster will be very receptive when the claim is evaluated. Insurance claims adjusters are required by Arizona law to process...
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Bad Faith Insurance Claims
What is a bad faith insurance claim?
Policyholders rely on insurance companies to help preserve their financial well-being. When someone takes out an auto, renter's, or business liability policy, they assume the insurance company will pay as promised on covered incidents. Regardless of the type of...
Bad faith practices may disrupt insurance claims
Insurance policies cover risks. When someone purchases a renter's or auto insurance policy, the provider accepts payment to cover financial losses related to covered perils, including property damage and personal liability. As long as the policy customer follows the...
What are bad faith insurance claims?
Arizona residents may not think much about their insurance policies until the time comes to file a claim. A homeowner or auto policy provides equitable payments for covered losses, and many policyholders rely on those insurance policies to protect their financial...
Bad faith and insurance claims
People purchasing insurance policies seek to protect their assets and financial stability. For example, liability coverage on an Arizona homeowners or auto insurance policy could protect personal wealth. Unfortunately, some policyholders might discover an insurance...
Do I need to pay taxes on my bad faith settlement?
If you have recently received a settlement after pursuing a bad faith insurance claim case, you might have heard rumors that you need to pay taxes on the money you received. Sadly, there is some truth to this. However, there is no easy yes or no answer when it comes...