If your insurance company delayed or denied payment of a valid claim for benefits under your insurance policy, you may have a claim for insurance bad faith which could mean you are eligible to receive additional damages beyond the amount of the denied claim.
When an insurance company issues an insurance policy, the insurance company promises it will act in good faith and deal fairly with its insureds. Insurance companies who fail to live up to their policy terms can be acting in bad faith and could be liable for damages. An example of insurance bad faith is:
A driver who had $25,000 insurance limits seriously injured a man. The insurance company of the at fault driver was asked to pay the full $25,000 policy limits to settle the personal injury claim, but the insurance company refused. That refusal was bad faith because the insurance company had a duty to protect its insured(the driver) from a lawsuit that would result in a verdict over $25,000.00 against him. When it is proven the insurance company was legally wrong, that company, not the driver, has to pay the injured person the full amount of the injuries even if they exceed the $25,000 insurance policy limit.
Insurance Coverage Disputes
Affolter Gannon represents Vermonters in a variety of insurance and insurance coverage disputes. We are experienced at analyzing insurance policies in accordance with Vermont law.
We represent individuals and businesses whose insurance claims have been wrongfully denied by their carriers. Our insurance law disputes practice focuses on issues such as :
- Long-term disability (LTD) claims
- Life insurance claims
- Business losses
- Homeowner claims
- Property claims
- Losses when an insurance company refuses to settle a personal injury claim
If your insurance claim was denied, call us for a free initial consultation at 802-878-2797.