Insurance Bad Faith occurs quite frequently. When the insurance company denies the insured’s right to receive the insurance benefits as stated in the contract, there might be Bad Faith.
Common examples of Bad Faith are as follows: An insurance company denies payment to an insured which can consist of inadequate investigations by the insurance company, coercive tactics, or acts of claims adjusters.
There is stated or implied covenant of Good Faith and Fair Dealing in every contract. This means that both the insured and insurance company are to act fairly with good faith within the contract. The insurance carrier is expected to fully compensate the insured in a timely manner.
COMPENSATORY AND PUNITIVE DAMAGES
When an insurance company engages in Bad Faith, this action is called a Tort or a Civil Wrong. The insured has a right to file a lawsuit against the insurance company seeking compensatory damages for money owed and punitive damages. In order to punish the insurance company for its misconduct, let a Bad Faith attorney help.
Bad Faith claims are complex and they require expertise of a lawyer who has experience with these types of cases.
Tim Chelpaty Law Office
121 Wyatt Dr. Suite #2
Las Cruces, NM 88005
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