Insurance is heavily regulated and subject to many Provincial and Federal laws. However, disputes over coverage and even the denial of valid claims happen far too frequently. If your legitimate claim has been wrongly denied or your insurer is failing to uphold its promises, you may have a case for insurance bad faith.
If it can be proven that an insurance company operated in bad faith, you could be entitled to punitive damages in addition to receiving monetary compensation for your economic losses.
Insurer Has A Legal Duty To Act With the “Utmost Good Faith”.
For an insurer to fail to act with the utmost good faith is bad faith. Many things can be considered bad faith, including:
- Wrongfully denied auto, homeowners, life, accidental death or disability insurance claims
- Delaying payment of a valid claim that is covered by your policy
- Denying that you have insurance coverage after an accident or loss
- Failing to properly investigate or to fairly decide a claim
You have paid your premiums and followed the rules set in place by your insurer, and you deserve to be taken care of when you make a claim. If you believe you may be a victim of insurance bad faith, call Hoogbruin & Company at 604-609-3783