Most people purchase insurance for a peace of mind. Unfortunately, insurance companies are rarely helpful in bringing a peace of mind to their clients or others. They are not as helpful and friendly as they portray themselves on commercial television ads.
Insurance companies are mainly interested in their businesses’ financial bottom line. Their objective is to make wealth for themselves. They are experts at finding loopholes and delaying claims. You would expect them to help you at a time you need them most, but insurance companies are known to deny and delay claims.
In Bad Faith Insurance matters the expertise and experience of the attorneys that you choose can make a significant difference in how your affairs are handled and the results that are obtained. The attorneys at SB Law Group make it their job to ensure that their clients are not taken advantage of by insurance companies.
What is Bad Faith Insurance?
A client may have a bad faith insurance denial claim when their insurance company denies their legitimate claim. Once bad faith is established, it is common that the insurance company liability to the insured could cost more than the amount of the initial claim filed. Bad faith may have occurred when your insurance company denied a claim for anything that is unreasonable. It is important to know that if your claim was denied due to an error, and not a material error, in assessment by the insurance company, then there was no bad faith involved.
SB Law Group’s attorneys will help prove that your insurance company failed to thoroughly investigate your claim prior to denying it. In some cases our attorneys will need to prove that the insurance company disregarded obvious facts that would have made a difference in the insurance companies decision to deny the claim.
Types of claims
At SB Law Group we fight to get the largest possible insurance claim settlement when our firm is hired. We are highly skilled at assisting and providing Commercial/Residential property owners and business owners in the following types of claims:
· Homeowner Claims
· Condominium claims
· Commercial Claims
· Property/Structural Damage Claims
· Fire and Smoke Damage Claims
· Water Damage Claims
· Natural Disasters such as Hurricane and Tornado
· Pipe Break Insurance Claims including slab leaks
· Mold Insurance Claims
· Flood Damage Claims
· and any other covered property damage claim
What Damages Can I Recover if Bad Faith is Proven?
When filing a bad faith insurance denial claim, you may be eligible to recover the following damages:
- Compensatory
- The original amount the policyholder is due for their original claim
- Economic Loss
- Emotional Distress
- In tort claims, these are damages that arose due to the initial claim being denied by the insurance company
- Attorneys Fees
- Punitive Damages
- In California, punitive damages may be rewarded to claimants in cases of bad faith conduct that is intentional, reckless, willful, and egregious
- Other Economic Losses
