Insurance Bath Faith
An insurance bad faith claim is often a claim submitted by an injured person against their insurance company for their bad acts and poor decisions. In much of the United States, insurance companies are thought to at least owe their customers the right to deal in good faith and fair dealing in anything that they do. Considering you will not need to deal with your insurance company until you become involved in an accident, it is precisely at your lowest point that you need to enlist their help. For this reason, it is important for your insurance company to acknowledge your situation and make sure to do everything in their power to get you back onto your feet sooner! If, instead, you are faced with a case of insurance bad faith, it can be a difficult process to acquire the compensation that you deserve following an accident. An insurance fraud attorney can assist in these claims, so that those who have been wronged by the insurance companies that they trusted can receive their compensation in a timely manner.
Breaching Insurance Policy Contracts
Insurance fraud attorneys recognize these insurance bad faith claims as a breach of contract. When an insurance company fails to act in good faith and fair dealing with those who hold policies with their corporation, they are essentially breaching a contract between themselves and those whom they insure. Once an insurance company violates this business-to-customer relationship, the person insured with the company at fault may choose to sue the company, both for insurance bad faith, as well as a breach of contract. In the end, taking action against such injustice is the better way to go, ensuring that those involved in accidents are receiving the compensation that they deserve to heal and get back to their normal lives. An experienced insurance fraud attorney will make it all worth the time and effort necessary, often by recovering an amount larger than the original value of the policy, in order to compensate for the damages and monetary costs involved in the case.
Insurance Companies and Bad Faith
In one context, your insurance company may be responsible for insuring your home. If there happened to be a fire or another situation that caused severe damage to your home and property, your insurance company would be responsible for investigating the damage, then determining how much (if anything) ought to be paid to you in compensation for the damaged property. Bad faith may involve an improper investigation and valuation on your property, or in some cases, a flat out refusal to acknowledge the claim. A bad faith claim may also arise in personal injury cases, especially as related to health insurance or life insurance. An insurance fraud attorney is there to help in these times of need, ensuring that the compensation that you need to get your life back together is exactly what you receive.
Kabateck Brown Keller, LLP is a nationally renowned plaintiff’s law firm based in Los Angeles with a team of experienced attorneys helping victims of personal injury, insurance fraud, truck accident, brain injury and many more. For more information, visit KBKLawyers/The-Firm.