Is Your Insurance Company Denying, Lowballing, or Delaying Your Claim?
As a policyholder in New Orleans, Louisiana, you have the right to be treated fairly by your insurance company under the Louisiana Revised Statute § 22:1973. Unfortunately, many insurance companies are known to act in “bad faith” to save money. The most problematic thing about bad faith insurance is that you may not even realize you’re being taken advantage of.
At Hammond Law Firm, LLC, our experienced New Orleans bad faith insurance claims lawyers have dealt with many cases where insurance companies unfairly deny, lowball, and delay paying out claims. We’ve also witnessed cases where insurance companies failed to follow the terms of a policyholder’s contract.
If you’re dealing with an insurance company that is acting in bad faith, our New Orleans bad faith insurance attorneys can help. We can evaluate your claim and seek fair compensation to repair your losses. Schedule a free consultation with our team today to learn more about your legal options.
What Is Bad Faith in Insurance?
Bad faith insurance is a term that refers to a scenario where an insurance company acts unethically. It means the insurer has breached its legal duty to treat its clients fairly. Some examples of bad faith practices include:
- Delaying the initiation of claim adjustments without prompt action.
- Misrepresenting relevant facts or provisions of the insurance policy.
- Failing to make claim payments within 30 days after receiving “satisfactory proof of loss.”
- Refusing a valid claim without justifiable cause or reason.
- Not providing a copy of the adjuster’s report within 15 days upon request.
- Excluding overhead and profits for a general contractor.
Such misconduct can result in significant financial losses to the customer, not to mention the emotional stress of dealing with an unfair insurer. Our bad faith insurance claims lawyers in New Orleans can help you determine if your insurance provider is acting in bad faith and pursue legal action to recover the compensation you deserve.
Contact us to discuss your case today.
What Are the Penalties When Insurance Companies Act in Bad Faith?
If your insurance company is found to be acting in bad faith, you may be able to seek additional compensation beyond what was initially promised through your insurance policy. Under the Louisiana Revised Statute § 22:1892, you may be entitled to recover damages such as attorney’s fees and costs.
Furthermore, the insurance company will be required to pay financial penalties of twice the amount of the unpaid claim, or two thousand five hundred dollars, whichever is greater, if they fail to make the payment within 30 days after receiving satisfactory written proofs and demand for payment, or if they fail to offer a written settlement for any property damage claim within 30 days after receiving sufficient evidence of loss. The insurer shall not use these penalties to compute past or future losses or loss-adjustment expenses.
These penalties are intended to discourage insurance companies from refusing to pay valid claims and serve as a further incentive for insurers to make fair and timely payments.
Having an experienced New Orleans bad faith insurance attorney in your corner is crucial when dealing with insurance companies. Bad faith insurance claims can be complex to navigate and require a thorough understanding of the law. Our team of bad faith insurance claims lawyers has decades of combined experience helping individuals and families who have been wronged by their insurers and holding them accountable for their actions.
We can help you get the compensation you deserve. Contact us to discuss your case today.
Can An Insurer Choose a Preferred Vendor or Recommend a Contractor for Repairs?
Under the Louisiana Revised Statutes § 22:1892E1, the insurer shall not require the repairs, replacements, remediation, or restoration of the damaged property to be carried out by a specific contractor or service provider. This means that the policyholder is entitled to hire the contractor of their choice.
It is also important to remember that your insurance company is responsible for acting in good faith and may be liable for any damages arising from delays or other repairs-related issues. You could be entitled to additional compensation if they fail to pay out a claim within a reasonable amount of time.
If you feel that your insurance company has acted in bad faith, contact our New Orleans bad faith insurance attorney for help. We will review your case and work hard to ensure you receive your deserved compensation.
When Can I Seek Appraisal?
Under Louisiana Revised Statutes § 22:1892G, if there is a disagreement as to the loss amount, you or your insurance company can demand an appraisal. This process can be used when both parties cannot agree on the amount of a claim and involve an independent appraiser who will evaluate the damages and determine how much should be paid.
Our New Orleans bad faith insurance attorneys can help you exercise your right to an appraisal and ensure the process is conducted fairly. We will cover all the legal aspects and help you reach a settlement that is in your best interests.
If you are facing issues with receiving payments on your insurance claim, contact us today to speak with a knowledgeable attorney.
Why Is It Important to Work with an Experienced Lawyer?
Insurance companies are in the business of making money, and they may be unwilling to make payments on a legitimate claim. Working with our experienced New Orleans bad faith insurance claims lawyers can help ensure that your rights and interests are protected and that you receive the maximum compensation for your damages.
Other benefits include:
. Access to resources
Our New Orleans bad faith insurance attorneys have access to additional resources needed to document your claim correctly.
. Knowledge of the law
We understand the complexities of state and federal laws regarding insurance claims, so we can ensure that all applicable statutes are followed.
. Negotiation skills
Our bad faith insurance claims lawyer in New Orleans possesses years of experience negotiating with insurance companies and will fight for the full amount of your claim.
You should not have to face an insurance company alone. Contact our New Orleans bad faith insurance attorneys today to get help in filing your insurance claim. We are here to protect your rights and work diligently to get you the compensation you deserve.
Don’t Let an Insurance Company Deny, Delay, or Underpay Your Valid Claim
Our New Orleans Bad Faith Insurance Claims Lawyers Are Ready to Fight for Your Rights
We understand that filing an insurance claim can be long and tedious. That is why we provide dedicated legal assistance throughout the entire claims process. Our New Orleans bad faith insurance attorneys can handle all communications with the insurance company, document the evidence of your claim, and ensure all deadlines are met. And if your insurance provider is acting in bad faith, our lawyers will fight for your right to compensation.
You should not have to pay out-of-pocket for damages covered by your policy. Contact us today and let our bad faith insurance claims lawyers handle the legalities while you focus on restoring your property.
