Eagle River Bad Faith Insurance Lawyer
Has an insurance company wrongly denied your claim in Eagle River, Alaska? Do you suspect they may be acting in bad faith to avoid paying your claim? If so, you may be entitled to compensation. Contact Farnsworth & Vance Personal Injury Lawyers at (907) 290-8980 for a free consultation with an Eagle River bad faith insurance lawyer.
You may be entitled to recover the amount of your original claim plus additional damages, and you might also be able to pursue punitive damages in some cases. Our team of personal injury lawyers in Eagle River has decades of experience helping accident and injury victims get the justice they deserve, and we are ready to help you, too.
How Can Farnsworth & Vance Personal Injury Lawyers Help With a Bad Faith Insurance Claim in Eagle River, AK?
When an insurance company is acting in bad faith, you may feel helpless. These situations can take a serious financial and emotional toll on innocent victims like you. Thankfully, there is a way you can stand up to the insurance company. The team at Farnsworth & Vance Personal Injury Lawyers is here to help.
Our Eagle River bad faith insurance lawyers will:
- Examine all the details of your original claim
- Review your insurance policy and any other applicable contracts
- Handle all communications with the insurance company
- Gather evidence to prove the insurance company’s behavior
- Interview company employees who can help bolster your case
- Put an accurate value on your claim based on all your damages
- Negotiate a top-dollar settlement for your bad faith claim
- File a lawsuit and take your case to a jury when the insurance company isn’t serious about negotiating
Let us help ensure that the insurance company takes you seriously. Call our Eagle River, AK, firm today to schedule a free consultation and let us put our experience to work for you.
What Is Considered Bad Faith Conduct by an Insurance Company?
Insurance companies have a legal duty to act in good faith when investigating and resolving your claim. Instead, some insurance companies decide they would rather watch out for their bottom line.
This may cause them to engage in bad faith practices, such as:
- Ignoring your communications or delaying their responses
- Denying your claim without any investigation
- Intentionally delaying the processing of your claim
- Misrepresenting the terms of your coverage
- Changing the terms of your coverage after a claim is filed
Sometimes, this type of behavior may just be a single occurrence. However, some insurance companies may engage in this type of behavior regularly, and this shows a “pattern of behavior.” Companies that follow this pattern of behavior for their financial gain may receive more severe punishment than a company that was only involved in a single, isolated incident of bad faith.
What Types of Compensation Are Available to Victims of Bad Faith Practices in Alaska?
Victims who are harmed by bad faith insurance practices are entitled to recover both economic damages and non-economic damages. Economic damages are the financial losses that the victim suffers.
Not only is the victim entitled to recover the amount of the original claim, but they can also recover:
- Late fees
- Interest charges
- Lost wages
- Damage to credit
In addition to financial losses, victims who endure bad faith insurance practices may also be subjected to severe stress and emotional trauma.
Non-economic damages help compensate victims for these losses, such as:
- Mental anguish
- Emotional distress
- Anxiety
- Depression
- Loss of reputation
Victims can also pursue punitive damages in some bad faith claims. These damages are available when the insurance company’s conduct was intentional or reckless. Punitive damages are used to punish the insurance company for their egregious behavior. In Alaska, half of any punitive damages awarded must go to the state.
How Long Do I Have to File a Lawsuit for Bad Faith Insurance in Alaska?
Typically, you have two years from the date you actually discovered or should have discovered the bad faith practices. However, this deadline can sometimes vary depending on the type of insurance and the specific conduct of the insurer.
Missing the deadline may cause you to lose all your rights to recover compensation for your damages. This is why you should always get help from an experienced lawyer as soon as possible.
How Common Is Bad Faith Insurance?
Bad faith insurance practices occur more often than most people realize. Some insurers may delay or deny your claim to save money and hope that you will eventually just give up.
While it is impossible to say just how often this occurs, recent data shows that the number of bad faith claims against insurers is on the rise. Insurance companies need to be held accountable when they engage in these unfair and illegal practices.
Schedule a Free Consultation With Our Eagle River Bad Faith Insurance Lawyers
If the insurance company has wrongly denied your claim in Eagle River, AK, contact the experienced team at Farnsworth & Vance Personal Injury Lawyers today. We will immediately get to work investigating the adjuster’s conduct to help prove your case.
Let us help you pursue maximum compensation for all your damages. Contact us now to schedule your free consultation with an Eagle River bad faith insurance attorney.
