Saunders Law Group

May 2014 Archives

What is the Florida Unfair Claims Settlement Practices Act?

Most states have laws protecting policyholders from bad faith and unfair dealing from insurance companies. Luckily, Florida is one of those states. The Unfair Claims Settlement Practices Act ensures that insurance companies address, investigate, and satisfy all claims in a thorough and a timely fashion, and settle claims fairly. Insurers must set forth a reasonable process for evaluating claims, and let the policyholder know if any extra information is needed before denying a claim due to a lack of said information.When a claim is denied, a written explanation is required. Additionally, insurance companies must avoid certain deceptive practices, from engaging in false advertising, to misleading the policyholder about the terms of his or her policy, to making any false statement or entry, among many other requirements and prohibitions.

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Saunders Law Group

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Bartow Office
480 S Broadway Ave
Bartow, FL 33830

Phone: 863-578-4755
Fax: 863-533-5800
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500 S. Florida Avenue
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Lakeland, FL 33801

Phone: 863-800-3343
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