DJS

Insurance companies make substantial profits by taking their insureds’ premium payments and either attempting to avoid paying you anything under the insurance policy or by paying you as little as possible in the event of a claim.

Regardless of whether you are a sophisticated business owner or homeowner who has sustained a loss, dealing with an insurance company during the claim process can be an overwhelming and scary process. This is because their entire business model is based off of avoiding or minimizing claim payments to their insureds; so, it is important to remember that the law affords you certain rights and protection.

Insurance companies owe you a duty of good faith and fair dealing. They also have a duty to adjust claims fairly and promptly and to make a reasonable effort to settle claims. Additionally, on certain types of claims, they have a duty to make claim payments within statutorily created time periods. If the insurance companies breach their duty and act in “bad faith,” you may be entitled to bad faith damages, which can include significant penalties and attorney’s fees.

If you have received a reservation of rights letter, which is correspondence from your insurer reserving the right to deny you coverage under your insurance policy, an outright denial of coverage, or if you believe your insurer is handling your claim improperly, you should not delay to contact an attorney experienced in these claims.

We have worked both in-house at a global insurer and have handled countless insurance coverage disputes, so we understand how these insurers make decisions and what their pain points are. We are available to provide a free legal consultation if you need assistance fighting back against your insurer.