What is Bad Faith Insurance?
After an accident, an insurance company may deny a claim without a reasonable basis. Your insurance company breaches its duty to you by failing to pay you for an honest claim, thus you may have a case. Whether the damage you sustained was in a car accident, flood, fire or another type of accident, your insurance carrier must act in good faith to pay out for claims covered by your policy.
Insurance companies may act in bad faith by failing to:
- Settle a claim in a reasonable amount of time
- Thoroughly investigate a claim
- Recovering Damages
- Also, offer the full value of a claim
- Lastly, provide reasoning for denying a claim
After a successful lawsuit, a victim may be able to recover:
- The amount the insurance company should have paid for the initial claim
- Consequential damages ex. attorney fees
- Emotional distress
- Punitive damages
- Lastly, get help.
Each bad faith insurance case is different, so it is vital that you get help from an experienced bad faith attorney. Insurance companies are acting in their own best interests when they do not provide compensation to an insured consumer for their losses, which leaves the consumer to cover the costs incurred at their own expense.
If you or a loved one reside in the state of Louisiana and want to pursue a bad faith insurance claim, call Mike Brandner Injury Attorneys. We get the justice that you deserve. Pick up the phone today for a free consult! No fee unless you win and we answer our phones 24/7.