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Elements of bad faith insurance claim

On Behalf of | Sep 1, 2021 | Insurance Law |

Insurance is a necessity for Las Vegas area residents. Whether its property insurance, car insurance, life insurance, etc. it is required under the law and help protects people in unexpected situations. When a person has an insurance claim, they expect their insurance company will deal with it in a timely manner and settle appropriately. Most of the time this happens but occasionally a consumer has an insurance company drag their feet or deny their claim. This may be an example of insurance bad faith.

If a person’s insurance company fails to act reasonably in processing a claim, investigating a claim or paying for a claim a person may have the right to file a lawsuit. An insurance policy is a contract and if an insurance company denies benefits with no good reason or withholds benefits with an unreasonable reason, the elements of bad faith insurance may have been met.

Bad faith insurance actions can take many forms including:

  • Denying an insurance claim with no reasonable explanation
  • Failing to deny or disburse benefits within a reasonable period of time
  • Undervaluing the loss in a claim
  • Intentionally delaying an investigation to avoid paying for benefits
  • Not looking out for policyholder’s best interests
  • Using unreasonable policy language translations

Insurance bad faith claims can be for any type of insurance including property, car insurance, commercial business insurance, casualty insurance and health insurance. If a person believes they have been the victim of insurance bad faith, they may want to speak with an attorney who specializes in insurance law. An attorney understands how Nevada insurance law works and can advise their client on what their options may be.

 

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