Although settlements may not undo the harm already done, they can aid in restoring your financial stability. In bad faith insurance claims, you can pursue damages, requiring that your insurance company pay for:
• Their contractual obligations
• Judgments exceeding policy limits
• Your attorney fees
• The emotional distress you have suffered
• Any economic losses you have suffered, including damage to your credit or loss of assets
• Punitive damages based on the company’s failure to fulfill their contractual obligations
Courts are often sympathetic to victims of bad faith and award punitive damages to further punish insurance companies for their misdeeds. Punitive damages are sought based on the insurance company’s wealth and assets. In many cases, clients have received damages above and beyond their expected injury compensation.
When insurance companies act in bad faith, they are liable for damages. Depending on the state, the damages available to you vary. In Illinois, bad faith damages include:
• Economic Loss
• Attorney Fees
• Punitive Damages
If your insurance has acted in bad faith, contact our experienced insurance coverage litigation attorneys. We have extensive experience holding insurance companies accountable.
You should seek assistance from an attorney with experience in bad faith insurance claims. The Giacoletto Law Firm has aided many clients who have had their insurance company fail to meet their legal obligations. We can conduct a full investigation into the insurance company, revealing its failings in the handling of your claim. With this evidence combined with our personal injury experience, we can help you hold your insurance company responsible, seeking damages to compensate you for your financial losses.
For more direct answers to your questions, call the Giacoletto Law Firm at 618-346-8841or toll free at 888-346-8841 to speak today with an experienced Madison or St. Clair County bad faith insurance lawyer centrally located in Collinsville.