INSURANCE RECOVERY AND BAD FAITH
An insurance policy is supposed to provide peace of mind in the event of a loss. But when a loss occurs, insurance companies are often unwilling to follow through on their promises. The law requires the insurance company to act in "good faith" in handling your claims. When an insurance company unreasonably denies or refuses to cover your claim not only is this a breach of the insurance contract, it also can qualify as "bad faith." Acts of insurance bad faith cab include, denying coverage without justification, failing to pay or making inadequate/delayed payments, and failing to conduct an adequate investigation, and failing to settle claims within policy limits when possible.
When a you face an insurance company unwilling to cover a claim or if you receive a “reservation of rights” letter, you should contact our attorneys to see if the insurance company is trying to duck its contractual and legal obligations.