Insurance is supposed to be there when you really need it. For years, in many cases, you have paid money that is supposed to protect you if you have a car accident, a house fire, or some other unexpected and costly event.
When one of those things finally happens, you expect to get the full amount that you’re supposed to in a timely fashion. When that doesn’t end up happening, it can be infuriating. Fortunately, Albuquerque insurance bad faith attorneys can help you get what you’re owed from the insurance companies.
Insurance companies don’t like to give away profits. As a result, they occasionally behave in suspect ways to avoid paying out everything that they owe on a policy. When this happens, you have a legal avenue to collect what you’re owed. After all, you spent years paying your full rate on time. The process, though, requires a thorough understanding of insurance policies and the laws involved.
When you work with Berenson & Associates, PC, you have a team that understands both and is ready to represent you to get everything you’re owed.
New Mexico tort law holds insurance companies to specific standards regarding how they handle claims made on policies. Anything that doesn’t reach these standards is considered acting in bad faith. These laws allow policyholders to file a claim within four years if they believe that the insurance company is acting in bad faith. Some of the things that may be considered acting in bad faith include:
Winning a bad faith claim in Albuquerque, NM means that you will be compensated by the insurance company. The exact nature of the compensation will depend on your situation. Some of the things that could be paid include:
Working with a bad-faith insurance lawyer can be a tremendous benefit to your case. We are responsible for a number of different things that may help you get the money you are owed sooner.
We investigate your case by looking at anything that’s relevant. In particular, we can closely study your policy. We look for anything that demonstrates that you are owed money on the claim you filed.
Our attorneys can represent you through the legal process. This can include negotiating with the insurance company. When a lawyer represents you in these negotiations, it makes an implicit, credible threat of possible legal action.
This could lead to a greater willingness to negotiate and get you the money that you’ve been waiting for. However, if a settlement simply can’t be found, then we can represent you and make your case in court.
When deciding who should represent you in a bad-faith insurance claim, you want to be sure that you have the right lawyer. While even the most effective lawyer can’t guarantee the outcome of a case, there are some traits that may be helpful. These include:
You count on insurance to be there for you when you need it. In many cases, you pay into it for years, with the expectation that, when the time comes that you will need to finally make a claim on that policy, you will get the money that you need. When an insurance company fails to come through on what they are supposed to or acts in an untimely fashion, that can be tremendously frustrating.
Fortunately, the law provides a means of addressing these kinds of concerns. You can file a claim against your insurance company to get what you’re owed. To do so successfully, though, can be difficult. The insurance company’s lawyers have a strong understanding of their policies and the laws related to them.
To take them on, you need an insurance bad faith attorney with an equally thorough understanding of the laws and a strong ability to understand and interpret your policy.
At Berenson & Associates, PC, we have that depth of understanding and are ready to put that into practice for your situation. Contact us today to discuss how your insurance company has acted in bad faith.