Louisiana has two bad faith insurance laws, and they both define bad faith as occurring when an insurer acts in a manner that is “arbitrary, capricious, or without probable cause.” In other words, if the denial, settlement offer, or delay is unjustified or unreasonable, the company is acting in bad faith. Acting in bad faith allows your insurance […]
Your insurance company has a contractual good faith obligation to investigate and pay your legitimate claims. How can you tell if they aren’t, and what should you do? Insurance Company Is Not Properly Investigating Remember, even though your insurance company is supposed to pay you money, what they want to do is pay you as little […]
The law states that if an insurance company fails to pay your claim in bad faith, it will owe you the amount of your claim, plus a multiple of your claim of at least a minimum amount (depending on the state), and possibly punitive damages. Hurricane Rita Case for Drilling Platform In this case, the […]
Few things are more frustrating than depending on insurance recovery and having your claim denied. But, you should know that there are ways to dispute any claim denial. These general rules apply to any kind of insurance, health or medical, and property and casualty. Reasons You May Have Been Denied Health insurance Out of network provider […]
Property Damage Floods can happen anywhere, from the West Coast to the Eastern seaboard. You don’t have to be located in an area with storms and hurricanes to experience the extreme expense of a home flood. Many times, floods are caused by weather, but they can also be caused by backed-up sewers and other city-related water […]
When you own a home and purchase homeowner’s insurance, you may sleep well at night knowing you have coverage if disaster strikes. However, do you truly have all the coverage you need? If you have never closely read the fine print of your policy, you may be shocked when your insurer refuses to cover certain […]
Thousands of insurance companies operate in the United States, and almost half of them are property and casualty (P&C) insurance companies. So, it’s not surprising that most of the common insurance claims are property and casualty claims. Documenting your claim and knowing your rights are usually the two keys to prompt claim resolution. Flo and […]
Worldwide, insurance companies collect over $5 trillion a year in premiums. So, these firms have plenty of money to pay even borderline claims. However, insurance companies make money by collecting premiums and lose money by paying claims. So, they look for a way to deny claims or at least delay payment. Insurance adjusters routinely push […]
Most homes have mold, especially in low-lying areas like Louisiana. Generally, low levels of mold aren’t harmful and don’t require remediation. But if someone in your family has asthma or another similar pre-existing condition, like a mold allergy, indoor mold contamination could be harmful or even fatal. Generally, mold damage is progressive. The longer mold goes untreated, […]
A water leak can cause many problems, sometimes before you know it’s happened. A broken appliance, burst pipe, or clogged drain can cause water to spill onto your floor, furniture, or cabinets. A water leak can cause wood rot, mold, or corroded home systems. Because these issues can occur without warning, it’s good to know […]