Bad Faith Insurance Practices

An insurance policy is a legally binding contract. It is an agreement between you and your insurance company to protect your family or business in the event of a catastrophic loss. Property owners fulfill their side of the agreement by making timely payments of insurance premiums. And when your home or business suffers a catastrophic event, you expect your insurance company to be there for you.

As profit-driven businesses, however, insurance companies often don’t have your best interests in mind. Instead, insurance companies will delay payment of routine claims, severely underestimate damages, and look for any reason to outright deny payment. These unscrupulous insurance practices leave many families feeling hopeless and without the necessary funds to make repairs.

Due to the prevalence of these practices, Louisiana has enacted strong laws to help protect property owners from bad faith insurance adjusting. These laws require insurers to quickly pay all sums owed to property owners upon satisfactory proof of loss. An insurer’s failure to adjust claims promptly and fairly could subject the insurer to penalties up to 50% of the amounts owed under the policy or two times the damages sustained as a result of its failure to adjust claims in good faith. Additionally, insurers who commit bad faith insurance practices are required to pay for your attorneys’ fees.

When insurance companies fail to live up to their end of the bargain, you need knowledgeable and competent lawyers to hold them to their obligations. You can rely on the experienced attorneys at the Hurricane Legal Group. With more than seventy years of combined experience handling insurance claims, we routinely hold insurers to account for their bad faith insurance practices. When you need help with your severe property loss, trust the Hurricane Legal Group to assist you in recovering what you are owed. You paid for coverage with your insurance premium, and our legal team can help you recover.