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January 17, 2024
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BAD FAITH INSURANCE CLAIMS

Has your claim for damages been unreasonably denied? Do you not have enough funds to complete the repairs to your Residential or Commercial Property following a covered loss? If so, you may be a victim of bad faith conduct committed by your insurance company and may be entitled to filing a bad faith insurance lawsuit against your insurance provider.

DAMAGE LAW looks at this phase of the Property Damage Claim as the Litigation phase.

Most people purchase insurance for peace of mind. Unfortunately, insurance companies are rarely helpful in bringing peace of mind to their insureds. Insurance companies are mainly interested in their businesses’ financial bottom line. They are good at finding loopholes and delaying claims. We are highly trained at speaking the Insurance Carrier’s language and have been successful playing their games. Once we spot the tricks the Insurance Company attempts to employ, we know exactly how to overcome them with our years of experience handling these matters.

In Bad Faith Insurance matters the experience of the attorneys you choose can make a significant difference in how your affairs are handled and the results obtained. The attorneys at DAMAGE LAW make it their job to ensure that their clients are not taken advantage of by Insurance Carriers.

What is Bad Faith Insurance?

A client may have a bad faith insurance denial claim when their insurance company denies their legitimate claim. Once bad faith is established, it is common that the insurance company liability to the insured could cost more than the amount of the initial claim filed. Bad faith may have occurred when your insurance company denied a claim for anything that is unreasonable.

Your attorneys at DAMAGE LAW  will help prove that your insurance company failed to thoroughly investigate your claim prior to denying it. In some cases, our attorneys will need to prove that the Insurance Company disregarded obvious facts that would have made a difference in the Insurance Company’s decision to deny the claim.

EXAMPLES OF BAD FAITH INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING:

·   Unreasonable Denial of Claims: when an insurance company denies a valid claim without a reasonable basis.

·   Underpayment of Claims: offering settlements significantly below the rightful amount owed to the policyholder.

·   Breach of Contract: violating the terms and conditions outlined in the insurance policy.

·   Unreasonable Delay in Claim Processing: unjustifiably prolonging the claims process.

·   Failure to Thoroughly Investigate: neglecting to conduct a proper and thorough investigation into a submitted claim.

·   Misrepresentation: providing false information, deceptive practices, or misleading policyholders about their coverage.

·   Refusal to Settle: unreasonably refusing a fair settlement offer within policy limits.

·   Failure to Communicate : failing to inform policyholders about the status and progress of their claims.

DISCLAIMER: **These examples highlight potential circumstances when an insurance company may engage in bad faith practices, violating its duty to act fairly and in good faith towards its policyholders. It is important to consult with legal professionals to determine if such conduct has occurred in your situation and explore potential remedies.**

What Damages Can I Recover if Bad Faith is Proven?

When filing a bad faith insurance denial claim, you may be eligible to recover the following damages:

  • Compensatory
  • Compensation for the Actual Cost of Repairs
  • Attorneys’ Fees  
  • Punitive Damages (If Applicable)
    • In California, punitive damages may be rewarded to claimants in cases of bad faith conduct that is intentional, reckless, willful, and egregious
  • Financial Elder Abuse Damages (if Applicable)
  • Other Economic Losses  

IF WE DON'T GET YOU ANY MONEY OUR SERVICE IS FREE.

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