Individuals take out homeowner's insurance policies so that they have the appropriate coverage should any unexpected damage be done to their homes. Unfortunately, however, there are many policyholders who end up being unfairly denied by their insurance carriers, even when they have legitimate claims. Oftentimes, this is due to the fact that the insurance company is trying to cut corners and find any excuse to deny the claim. This is referred to as bad faith insurance practices.
If you are a homeowner who believes that your claim was unfairly denied by your insurance company, you can take action to pursue the claim settlement you deserve. Philadelphia Debt Collection Defense Attorney Michael P. Forbes, who matters related to bad faith insurance, can help you file a lawsuit against your insurance company. If a judgment is made in your favor, the insurance company could end up being forced to pay your claim, as well as damages for the company's bad faith insurance practices.
Attorney Forbes has more than two decades of experience and is fully dedicated to helping his clients receive the compensation they are rightfully owed. He serves individuals in Philadelphia, Pennsylvania.
About Bad Faith Insurance Claims in Pennsylvania
There are many different ways that insurance companies can act in bad faith. A few examples include denying a claim that reasonably should have been paid, failing to properly investigate a claim or taking too long to respond to or pay a claim. When it comes to homeowner's insurance, a wrongfully denied claim might take the form of an insurance company trying to blame the homeowner for damage that was clearly caused by other factors, or the insurance company's failure to classify the damage correctly so that it could be disqualified for a settlement.
According to Pennsylvania law (42 Pa. C.S.A. § 8371), when a court finds that an insurance company acted in bad faith toward a policyholder, it can award the following in addition to the actual payment of the claim:
- Interest in the amount of the prime interest rate plus 3%
- Punitive damages (or damages awarded merely to punish the insurer)
- Court costs and attorney fees
Taking legal action is important on multiple levels. First, you could end up receiving the money that is necessary to repair your home (or to pay yourself back for what you paid out-of-pocket). Second, you can receive compensation for the hardship you endured due to the insurance company's unfair denial. Third, taking legal action allows the insurance company's underhanded tactics to be exposed.
Don’t Let Your Insurance Company Take Advantage of You!
Just because your insurance company is a big-time corporation, that does not mean it should be able to get away with its deceptive practices.
Obtain legal assistance from an aggressive litigator—contact the Law Office of Michael P. Forbes, PC today. You will not be required to pay Attorney Forbes unless he is successful in winning compensation on your behalf! Call for qualified representation in Pennsylvania.
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Michael P Forbes
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Mr. Forbes has always been driven by the desire to help others. With that in mind he began his law career representing indigent families in the Philadelphia family law system for seven years.
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