INSURANCE BAD FAITH: WHEN YOU’RE NOT IN GOOD HANDS OR WHEN THEY ARE NOT TREATING YOU JUST LIKE A GOOD NEIGHBOR
Cedar Rapids Personal Injury LawyerWho did a promoter for the rock band .38 SPECIAL call when Lloyd’s of London did not want to pay under an insurance policy that is supposed to pay if rain cancels an outdoor concert? They called SAM SHERONICK LAW FIRM, P.C., a Cedar Rapids personal injury law firm, who successfully litigated to enforce the insurance policy. INSURANCE BAD FAITH involves an insurance company refusing to pay the holder of the insurance policy (or someone who is supposed to be a beneficiary of such a policy) even though all of the policy conditions have been met. Simply stated, the law requires parties to a contract--like an insurance policy--to treat each other in good faith. Insurance companies engage in bad faith if, among other things, a jury finds the insurance company unfairly denies paying a claim, or delays paying a claim [...]