What Is Insurance Bad Faith?

Insurance bad faith is a legal term used to refer to an insurance company when they fail to act in good faith. Bad faith occurs when an insurance company breaches its contractual obligations that had to its insured.

Insurance companies, whether it is car insurance, property insurance, boat insurance, commercial insurance, renters insurance, etc. have a duty to act in good faith when handling claims from their customers. Insurance companies should investigate their claims properly and pay out their insureds for any compensation that they deserve.

In the event that you have experienced bad faith from an insurance company and you are a resident of Las Vegas, give our Las Vegas bad faith insurance attorneys a call to discuss the different options that you may have.

What Are The Different Types Of Insurance In Las Vegas?

There are several different types of insurance companies in the city of Las Vegas that cater to Las Vegas residents. Some examples of the most popular insurance companies in Las Vegas are

  • State Farm
  • Allstate
  • Farmers.
  • Progressive

Several other insurance providers in the city of Las Vegas may not be mentioned here. There are local and regional insurance companies cater to the residents in Vegas.

If you have any of these insurance companies and think that these insurance companies may have acted against you in bad faith, give our top-rated attorneys at Heidari law a call today to discuss what exactly we can do for you.

Our Las Vegas attorneys are available to answer any questions you may have regarding any potential cases, including car accidents, bus accidents, truck accidents, pedestrian accidents, etc.

What Will Our Las Vegas Bad Faith Insurance Attorneys Do?

An insurance bad faith attorney is a lawyer who specializes in representing policyholders who have been mistreated by their insurance company. A bad faith Insurance attorney will know how to navigate through the legal process for you to hold the insurance company accountable.  Some examples of actions that our attorneys will take include:

  • Investigate the claim: Our Las Vegas insurance attorneys will investigate the circumstances surrounding our client’s insurance claim and the corresponding actions by the insurance company to determine if the insurance company did, in fact, act in bad faith. We will review various different types of documents, such as the insurance policy and the exact wording used when filing an insurance claim.
  • Negotiate with the insurance company: Our attorneys will try to negotiate with the insurance company to see if we can settle prior to filing the case against them. Usually, filing a lawsuit could be very costly, which is why our insurance attorneys will try to settle beforehand to decrease any costs.
  • File a lawsuit: In the event that our attorneys are not able to negotiate with the insurance company in good faith, or the insurance company feels to offer a good faith settlement amount, we will then file your bad faith Insurance lawsuit in Las Vegas court. Once a lawsuit is filed, the discovery process will then begin. The discovery process is a time in which both parties will gather as much evidence as possible to see exactly what bad-faith actions were taken.
  • Provide legal advice: Our attorneys will always be with you throughout the entire process. We will make sure that you understand exactly what is going on with your bad faith insurance lawsuit, and make sure that all the proper documents have been filed with the Las Vegas court. In the event that you have any concerns or questions, our Las Vegas attorneys are available 24/7.
  • Pursue compensation: Having an experienced attorney on your side will help increase the chances of you getting a compensation amount from the insurance company. If you were to file a claim or a lawsuit without an attorney, the insurance company may try to lowball you.

What Are Examples Of Insurance Bad Faith?

Here are some examples of insurance bad faith:

  • Denying a valid claim without a reasonable basis: If an insurance company denies a claim without a reasonable basis, then they are most likely responsible for taking bad faith actions. For example, if you were to file a claim with your car insurance company and the insurance company failed to look into your claim and outright denied it, then you most likely have a valid bad faith lawsuit against the insurance company.
  • Delaying payment of a claim: Insurance companies must pay out their claims they have determined to be valid within a reasonable amount of time. If the insurance company constantly delays paying out their claim, then they most likely have taken bad faith actions.
  • Failing to investigate a claim: Insurance companies have a duty to properly investigate any claims that have been filed by their customers. It is required that all insurance companies investigate every claim. In the event that they failed to investigate a claim, they will be held responsible under a bad faith lawsuit.
  • Offering an unreasonably low settlement: After investigating the claim and determining a claim amount, the insurance company must provide a reasonable basis as to why they offered that amount. An insurance company cannot outright offer a low amount without offering a basis for it.
  • Misrepresenting policy language: Insurance companies must make sure that they communicate all of the terms and conditions accurately and properly to their customers.
  • Canceling a policy without proper notice: Insurance companies have a duty to provide policyholders with proper notice before canceling a policy. If an insurance company cancels a policy without proper notice or a valid reason, it could be considered bad faith.

When an insurance company takes any of the actions mentioned above, they most likely have breached their duty of good faith and fair dealing.

Above are just some examples of actions insurance companies could take that may result in bad faith. But it is important to remember that each circumstance is different from one other, given that each insurance company’s terms and conditions are different. To see exactly if your insurance company has engaged in bad faith, give our Las Vegas attorneys a call today.

What Damages Could I Receive From My Insurance Bad Faith?

The damages from a bad faith insurance lawsuit depend on each circumstance of the case, such as the type of insurance policy, and where the lawsuit is filed. For example, Las Vegas law is very different from Los Angeles law. Here are some of the damages that may be available in a bad faith insurance lawsuit:

  • Compensatory damages: Compensatory damages are meant to compensate the insured for the losses they suffered from the bad faith actions their insurance company took.
  • Punitive damages: In certain circumstances, punitive damages may be awarded. Punitive damages are designed to punish the insurance company for the extreme actions that they have taken.
  • Attorney’s fees and costs: In many jurisdictions, if a policyholder wins a bad faith insurance lawsuit, they may be entitled to recover their attorney’s fees and costs from the insurance company.
  • Injunctive relief: A policyholder may seek injunctive relief by the court to stop the insurance company from taking the same steps in the future with other policyholders.

Bad Faith Insurance Nevada Lawyers

Heidari Law Group is a law firm based in Las Vegas that specializes in representing clients in bad faith insurance cases. Our team of experienced lawyers are dedicated to fighting for the rights of clients who have been wronged by their insurance companies. We provide personalized attention and aggressive representation to ensure that our clients receive the compensation they deserve. If you have been a victim of bad faith insurance practices, our attorneys at Heidari Law Group can help you seek justice and hold the insurance company accountable.

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