Caught in An Insurance Claim Dispute?
Our Reno Insurance Bad Faith Attorney Can Help
An insurance policy is an agreement between an insurance company (insurer) and a business or individual (insured). The insured pays a certain amount each month and then the insurer guarantees a set amount of compensation in the event of an accident, injury or other circumstance specified by the policy. However, actually getting a settlement from an insurance claim can be difficult. Many Nevada insurance companies may try to deny or minimize your rightful claim in the interest of profits. If this happens, then you may be able to file a bad faith insurance claim to recover not only your insurance settlement but other damages as well.
As a Reno insurance litigation attorney, Eric A. Stovall can offer aggressive representation to victims of insurance bad faith. Before becoming a lawyer, Eric Stovall worked as an insurance agent in Nevada. This experience gives him a unique, insider perspective of insurance claims. It also allows him to thoroughly represent victims of unscrupulous companies. He can attack an insurance company’s bad faith actions on behalf of clients who have filed rightful claims and then get you the full compensation you deserve. If you need an insurance bad faith attorney, then contact Eric Stovall today.
What are Common Types of Insurance Claims?
Individuals and businesses may purchase may different kinds of insurance to protect themselves against sudden accidents, disasters and more. Common types of insurance include:
- Car insurance
- Health insurance
- Home and renter’s insurance
- Property insurance
- Life insurance
- Travel insurance
- Natural disaster protection (including flood insurance, earthquake insurance etc.)
- Workers compensation insurance
- Political risk insurance
- Crop insurance for farmers
- Crime and fidelity insurance
- Personal injury protection
- Umbrella insurance
An insurance claim for any type of policy, including those listed above, is like a negotiation. An insurance dispute occurs when negotiations stall and you cannot move forward. This may happen if you disagree with the settlement amount offered, or for any reason. In some cases, you may be able to file a bad faith claim against your insurance company to resolve the dispute. However, this will depend on the specifics of your case.
When Should an Individual or Business Contact an Insurance Litigation Attorney?
Many insurance companies always try to deny or minimize settlements to protect profits. While these companies have a right to guard themselves against fraud, insurance law prevents them from acting in bad faith. A “bad faith” action is any knowing effort by an adjuster or insurance company to unreasonably reduce, deny or otherwise impede a rightful claim.
Some common examples of bad faith actions that may result in insurance disputes:
- Unjustified coverage denial or cancellation. If you apply for any kind of insurance policy, then the company cannot deny you coverage without a legal reason. The same is true if the company attempts to cancel your policy.
- Failure to fully investigate a claim. Insurance adjusters must investigate each case in good faith to determine a fair settlement. Otherwise, you may have a bad faith claim against the company.
- Substantial delay in processing a claim. An unscrupulous insurance company may knowingly delay your settlement to try to get you to drop your claim.
- Overcharge of premiums. If your insurance company charges you more than is fair, then you have grounds for a bad faith claim.
- Ignoring a doctor’s treatment recommendation. The insurance adjuster should not suggest alternative, less expensive procedures in direct opposition to a professional medical opinion.
- Failure to disclose policy limits. You pay for your insurance, so you have a legal right to know your full policy limits. Your insurance agent should provide accurate information when you ask.
- Unreasonably low settlement offers. Many insurance companies make low initial offers hoping you will accept because you may need money quickly.