Punitive Damage & Bad Faith Insurance- How Are They Connected?
Bad faith in insurance can lead to even bankruptcy if you do not be cautious from the inception. Bad faith could damage you financially when you aim to go for a settlement with an amount for your injury. The insurance company handling your bad faith claim could worsen the damages that you have already suffered from an accident. Adding to your financial and emotional hardship, bad faith can be very dangerous to you. Therefore, you need to hire a bad faith insurance lawyer to deal with the issue.
What Punitive Damages Are?
Punitive damages are also known as exemplary damages. This means, in any case the personal injury in an accident has taken place due to intentional misconduct of the defendant, then the counter party will be punished. Along with compensatory punishment, other legal actions will also be taken on the defendant. When your case goes in the court, you can also be awarded by punitive damage survivor from catastrophic damages. This only happens when the judge believes the jury verdict is incomplete or not enough to fully compensate such losses.
When Bad Faith can be Applied on Punitive Damage?
Bad faith insurance means when your insurance company denies compensating you on a valid claim. In such cases, a bad faith insurance lawyer is the best person who can help you get your compensation from the insurance company.
In case of punitive damages, the insurance company is also liable to provide the compensation in any personal injury case. There can be a lot of legal issues involved in it. You need to prepare your documents and prove that your claim is valid in the punitive damage case and your insurance company must provide the payout.
If you are encountering issues with your insurance, then you can reach to The West Law Firm. We have experienced bad faith insurance lawyer who can help you resolve the issue.
** Disclaimer: The above article does not imply a relationship between attorney and client, nor is it legal advice.