Wronged and Injured
in North Carolina
If you are having to deal with your own insurance company to pay a claim for personal or property damages and that company is not complying in good faith with the terms and conditions in the policy that you took out with that insurance company, that insurance company may be subject to bad faith and unfair and deceptive trade practices. When you make a claim on your auto, homeowners, life, health, or disability policy, you expect the insurance company to hold up to their end of the bargain. After all, that is why you have paid your premiums for as long as you have.
North Carolina law provides in instances of bad faith for punitive damages up to three times your actual damages or $250,000.00, whichever is greater, against the insurance company acting in bad faith. When a company displays a pattern of unfair and deceptive trade practices, your damages can be tripled.
Insurance companies maximize their business profits by gladly collecting your monthly premium. When it comes to paying out on the policy, however, they will do whatever they can to minimize the payment of the claim or “lowball” you. The Devin Law Firm, P.A. will help to recover your actual damages through a process called binding arbitration found in your policy, which generally provides a more swift resolution of your case than a trial. Such action will not only stop there, as The Devin Law Firm, P.A. will also take action and recourse to put a stop to that bad faith conduct and unfair and deceptive trade by moving for punitive damages and treble damages respectively at trial.
The following is a list of instances where bad faith and unfair and deceptive trade practices by insurance companies can commonly occur:
Please contact The Devin Law Firm, P.A. in order to schedule an initial free consultation with an attorney who can then start assisting you throughout the process.
Fill out the contact form or call us at 704-566-3434 to schedule your free consultation.