Did you know most personal injury lawsuits are settled outside of court with insurance companies? That’s right, when you file suit against an at-fault party in, let’s say a car accident, you actually end up negotiating with that person’s insurance company. Sometimes, however, you skip this step and must file suit against an insurance company directly. This is known as a bad faith insurance claim and it occurs when your insurance company fails to uphold the terms of your agreement.
You pay your premiums every month, so your insurer should honor any valid claims you make against your policy, right? At Cranston & Edwards, PLLC, we agree with you, but we also understand insurance companies do not always honor their contracts. This is where we step in.
For help with an instance of insurance bad faith, call us at (304) 586-6947 today.
Most bad faith insurance claims are between the insured and their insurance company. When this is the case, you’re looking at a first-party bad faith insurance claim. A good example of this type of claim is a homeowner seeking benefits from their insurance company after a fire or flood, and the insurer denying those benefits for no discernible reason.
Generally speaking, in first-party bad faith insurance claims, the insured party makes a claim against their insurance company, and the company does not handle it appropriately.
Examples of first-party bad faith include:
If you have been the victim of any of these behaviors, contact our Morgantown bad faith insurance lawyerstoday.
Third-party bad faith claims involve liability insurance. These claims may come into play after car accidents or dog bites. Essentially, if you are at fault for an accident and you have liability insurance, your insurance should use your policy to take care of the other party’s “damages,” or injuries and losses.
Although insurers are bound to the limits of your policy, they should not refuse to pay out a policy maximum if doing so would prevent you from facing legal trouble.
If an insurer fails to do everything in their power to protect you from a lawsuit, and legal proceedings leave you bankrupt or economically strained, you are entitled to file a third-party bad faith claim to recover financially.
Cranston & Edwards, PLLCcan help.
Insurance companies are bound by the implied covenant of good faith and fair dealing, which means all parties that enter into a contract must uphold their end of the agreement. If you are dealing with your insurer and something feels wrong, it probably is.
Luckily, you can discuss your case with us anytime and we’ll answer any questions you may have.
Our Morgantown insurance attorneys have over 50 years of combined legal experience. We have spent our careers working with insurance companies and we know all the tactics they try, both inside and outside of the courtroom.
Additionally, we know how difficult a bad experience with an insurer can be, and we are here to provide respectful and compassionate service, unlike your insurance company.
For a free case evaluation and personalized representation, call us at (304) 586-6947 today or send us your information online.