Kentucky Insurance Law Attorney - Louisville, Lexington, KY
If your insurance company fails to pay your claim then it is considered 'insurance bad faith' and you may be able to seek a settlement.
Insurance Bad Faith Settlement
As experienced Insurance Bad Faith Attorneys, we know Bad Faith Insurance claims are when an insurance company fails or refuses to honor its contract and pay a valid claim. If this happens, you have the right to bring a civil action for damages against that insurance company. In addition to suing for a "breach of contract", you might be able to bring a "tort" claim seeking damages based upon the insurer's "bad faith" handling of the claim.
Insurance bad faith settlement claims can be filed, but often the insurance company will offer you a settlement that is far less than your actual damages. You have the right to recover the full value of your loss. While insurers often seek to settle claims for less than their full amount, and no bad faith can be shown if the offer is a reasonable one, if the carrier is offering a settlement that is completely out of line with your actual damages, or is trying to take advantage of a difficult financial situation that you are in in order to save them money, that may be found to be an act of bad faith. Intentional low-balling is simply a type of bad faith.
Insurance Bad Faith Remedies
During insurance bad faith case negotiations, if your insurance company won't pay your claim or won't pay what you think the claim is worth, then they are in breach of contract
Insurance Bad Faith - Breach of Contract
An insurance policy is a contract between the insurer and the insured. If the insurance company fails or refuses to pay a claim which should be paid under the terms of the policy, it is in breach of the contract, and the insured can pursue all available legal remedies for the breach. This breach of contract is also called insurance bad faith. This usually involves filing a lawsuit against the insurance company. If successful, the insured will be able to recover its damages, which at least will equal the amount the insurer should have paid under the terms of the policy. Depending on state law and the circumstances of a specific case, damages may also include other expenses that were incurred because of the breach as well as costs of the lawsuit.
Becker Law Office has extensive experience representing the family members in insurance bad faith cases. They have a proven track record that shows experience and the ability to win cases. As insurance bad faith lawyers, our firm has relationships with dozens of doctors, specialists, and other health care professionals to assist our clients.
If you've been injured in Kentucky or Indiana, contact a proven Kentucky Insurance Law Attorney at Becker Law Office today for your confidential FREE CASE EVALUATION to get started.
