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INSURANCE BAD FAITH: UNREASONABLE REFUSAL TO PAY BENEFITS When we purchase insurance, we pay the required premiums with the expectation that we and our loved ones will be protected in the event of an accident, disability or death. Unfortunately, some insurance companies do not keep their end of the bargain. When an insurer wrongfully refuses to pay benefits, offers only reduced benefits or delays payment of benefits, this is known as bad faith. All too often insurers unreasonably withhold benefits, delay claims investigations or make unfair settlement offers despite having collected insurance premiums for many years. When insurers behave in this manner, they are violating their policyholder’s trust at a time when the insured most needs the company’s support.
Several types of damages may be available when an insurance company acts in bad faith. These include compensation for financial and other losses, interest, attorney fees, court costs and in some cases, punitive damages. Because bad faith can be difficult to prove and insurance companies have attorneys working hard to minimize their payouts, you need an experienced trial lawyer who will work just as hard to protect your interests. Our dedicated insurance attorneys can help you secure all of the compensation to which you may be entitled. Your insurance company is obligated to honor your insurance contract; when the insurer fails to do that, we can help.
At Feldman Shepherd, we are committed to helping our clients throughout Pennsylvania and New Jersey obtain the best possible recovery as expeditiously as possible. We are here to serve you with hard work, attention to detail and a caring approach tailored to your individual needs. If we may be of assistance to you, please do not hesitate to contact us today. |
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