Louisiana Bad Faith Insurance Attorneys
Suing Insurers for Wrongful Denial of Claims in Louisiana
When insurance companies receive a claim, they have the right to investigate the details of the accident and compensation requested by the policyholder. This protects the insurer from paying fraudulent claims. But, some insurance companies use their position to offer low settlements that frustrate claimants into accepting less than they deserve. When an insurance company wrongly delays or denies a valid claim, they're acting in bad faith. This is prohibited, and they may be held accountable for their bad faith practices.
Because insurance practices are highly regulated and bad faith practices are illegal, people who have been subjected to mistreatment may be entitled to the fullest payout under their policy, along with additional penalties. When it occurs, claimants should get the help of an experienced bad faith insurance attorney in Louisiana. At Arnold & Itkin, our attorneys have the experience required to fight large insurance companies who are acting in bad faith. Our firm has won billions in verdicts and settlements, holding insurers accountable on behalf of our clients. Call us today to find out how much your case is worth and what you can do about it.
If your insurance claim is not being honored, call the Louisiana bad faith insurance attorneys at Arnold & Itkin today at (888) 493-1629 for a free consultation.
When Are Insurance Companies Practicing Bad Faith?
A person may file a lawsuit against an insurance company that has failed to honor their policy by engaging in practices designed to minimize their claim. These practices include failing to fully investigate a claim, refusing to honor a claim after a claimant has provided sufficient evidence of cause, or employing practices that delay claims for unreasonable periods.
Common bad faith insurance practices include:
- Misrepresenting facts about a policy
- Hiding policy restrictions before purchase
- Failing to address claims promptly
- Leveraging one aspect of a policy against another
- Failing to approve or deny a claim within a reasonable amount of time
- Attempting to obtain a release of claim before the policy has been fully honored
- Denying a claim without a thorough investigation
- Unlawfully requesting federal income tax returns
Bad faith claims often happen after fires, floods, hurricanes, car accidents, and other common insurance claims. During a natural disaster, insurance companies receive a high number of claims from people and businesses in need. To minimize loss, insurance companies sometimes adopt dishonest practices in the hopes that no one will notice or with the expectation that their clients will simply take a low offer out of desperation.
Bad Faith Law
When insurance companies exhibit bad faith, they're engaging in illegal business practices. If you suspect your claim has been subjected to bad faith practices, claimants should immediately file a report with their state’s insurance board. Doing so will launch an investigation into the actions of the insurance company.
However, insurance boards are not able to force your insurance company to pay a claim; they can only fine the insurance company for their behavior. At this point, claimants will require the help of an experienced insurance bad faith attorney. Hiring a qualified attorney will put an advocate in your corner who is prepared to fight for your compensation at the negotiation table or in a courtroom. Only with an attorney are you likely to get every dollar you deserve for your losses, whether it's a homeowner's insurance policy, an auto policy, or any other policy type.
What Doesn’t Qualify as Bad Faith
Bad faith practices are incredibly frustrating and stall policyholders' lives, causing them undue hardship. However, though a claims filing process can be frustrating, not all frustration is due to practicing insurance bad faith. For example, a disagreement between the adjuster and claimant is not always a sign of bad faith. However, if an adjuster fails to adequately prove their offer is fair, they could be liable for your losses under bad faith law. If you are unsure about your situation, it is always best to consult an insurance bad faith attorney in Louisiana.
Insurance Bad Faith FAQ
Why do insurance companies act in bad faith?
Insurance companies may claim to care about their policyholders, but they are for-profit companies. They work day in and day out to protect their bottom line and keep shareholders happy. When they pay out more money than they receive, they lose. Some, in an attempt to keep profit margins high, will actively try to find ways to deny or delay legitimate claims. They may undervalue most claims to avoid large payouts. We need to teach them that this might work in the short term, but in the long run, they will lose more when they act in bad faith—because policyholders have the right to demand justice and full compensation.
What can I do if my insurance company is acting in bad faith?
If you believe your insurance company is acting in bad faith, get your paperwork together, and talk to an attorney. Review your insurance contract and make sure you gather all documentation about your claim, then go over everything with an attorney who is experienced in these cases. You have the right to appeal a denied claim and to demand fair coverage for your injuries or losses. In moving forward with an insurance bad faith lawsuit, your attorney can pursue the full value of your claim, plus additional damages.
What damages are available in an insurance bad faith lawsuit?
In filing an insurance bad faith lawsuit, you may be able to recover compensation for the full value of your claim, plus more. The purpose of the lawsuit is to compensate you for all losses and harm you’ve experienced because of the insurance company’s mishandling of your claim. It can even punish the insurance company for acting in bad faith. In addition to recovering the full value of your original claim, you may be entitled to interest, economic losses, damages for emotional trauma, statutory fines and penalties, punitive damages, and attorney's fees.
These damages are meant to help you recover from any and all harm caused by the insurance company’s actions. At Arnold & Itkin, we think it’s essential to maximize our clients’ recoveries, so they can truly rebuild and move on.
Call Today for a Free Consultation: (888) 493-1629
In many cases, the only way to know if your insurance company is being dishonest with your claim is to speak with a Louisiana insurance lawyer. Once you call Arnold & Itkin, we will discuss the specifics of your claim and inform you if we believe that your insurance company is practicing bad faith. After Hurricane Harvey devastated the Gulf Coast, our attorneys were there to help residents hold their insurance companies accountable. We helped dozens of people receive the compensation they deserved so they could rebuild after one of the worst natural disasters in United States history. We were ready to fight for them then, and we are ready to fight for you today.
If you think your insurance company is being dishonest, call the Louisiana bad faith insurance attorneys at Arnold & Itkin today at (888) 493-1629. You deserve to recover, so we won’t let your insurance company unfairly delay or deny your claim.