Kentucky Insurance Bad Faith Lawyers
As Kentucky insurance bad faith lawyers we know today, insurance policies are a part of life. We insure our cars, boats, homes, jobs, health, personal assets and lives. It is not unusual for an individual to have ten separate insurance policies – some required by law. And when insurance companies hold up their end of the bargain, they are literally life-savers! Unfortunately, that’s not always the case.
What is Insurance Bad Faith?
Insurance companies are required to act in “good faith” when dealing with the insured (the person covered by the policy). What this means is that insurance companies cannot unreasonably delay payment of your claim or wrongfully deny your claim. However, insurance companies do not always play by the rules. In fact, it is common for them to deny a claim initially knowing that many people will not pursue it further even though their insurance claim was perfectly valid. When your claim has been wrongfully denied or the insurance company has unreasonably delayed payment of your claim, the is “bad faith”.
An insurance policy is considered a contract between you (the insured) and your insurance carrier (the insurer). This contract creates a special relationship between you and your insurance company that requires your insurance company to act in good faith toward you. Sometimes reminding the insurance company of this is enough to persuade them to hold up their end of the deal but, in most cases, you will need an insurance bad faith lawyer to help.
Examples of Insurance Bad Faith
There are many examples of how an Insurer can commit bad faith:
- failing to promptly and thoroughly investigate a claim
- unreasonably delaying payment
- unreasonably denying benefits to a claimant
- using unreasonable interpretations in translating policy language
- refusing to settle the case or reimburse you for the entirety of your loss
Damages in Insurance Bad Faith Cases
With the help of an experienced insurance bad faith lawyer, you may be able to force the insurance company to pay all covered losses under your policy including attorney fees. However, if it is demonstrated that the insurance company denied your claim in a dishonest, deceptive, or fraudulent manner, punitive damages can be awarded in addition to compensation for the loss under the policy. Punitive damages punish insurance companies for bad faith actions to deter similar conduct by the insurer in the future.
Why You Need an Kentucky Insurance Bad Faith Lawyer
If you have ever needed to file a significant claim with an insurance company then, you already know how tough it is to take them on alone. When an insurance claim has been denied, it almost always causes the insured some kind of crisis. Maybe it was a homeowners insurance claim denied and you need the insurance money to rebuild your family home. Maybe is was a business insurance claim denied and you are about to lose your livelihood without the insurance settlement. Whatever the reason, call us now. We will take on the insurance company for you so that you can get out of crisis mode.
No Fee Until We Get Results
Our Kentucky insurance bad faith lawyers have the financial ability to carry all of the costs of your bad faith case until a result has been achieved. You will not be charged a dime unless we achieve results for you and the insurance company paid. Because there are no out of pocket fees upfront, there is no reason for you to take on the insurance company alone. Call us now. Even the consultation is free.