When you buy insurance, you do it for the protection and security of yourself, your family, and your property. An insurance contract is the insurance company’s promise to you to follow through on this guarantee of protection and security. Unfortunately, insurance companies do not always keep their promises. Sometimes you need to get a great attorney to make sure the insurance company complies with their end of the deal.
Insurance companies have a duty under the law to act in good faith and to deal fairly with you. This is called an “implied covenant of good faith,” and it is part of every insurance contract, even if not contained in the written policy. If an insurance company offers an amount that is unreasonably low, or if an insurance company wrongfully denies a claim, the company is acting in bad faith and is breaking the law.
- Denying a claim without a reasonable basis
- Failing to conduct a reasonable investigation
- Misrepresenting your rights under the policy
- Unreasonably delaying in making payments
- Failing to defend you against a claim or failing to settle a claim against you
If you have had any of these things happen to you or someone you know, talk to an experienced insurance lawyer on our insurance bad faith team: