When an insurance company sells a policy of insurance, it promises to provide coverage in the event of a covered loss, and to act fairly and honestly towards its insured and with due regard for its insured’s interests. Policyholders pay good money for that promise. As such, when a loss occurs, the policyholders have a reasonable expectation that their insurance company will deliver on its promise. Unfortunately, more often than it should, the promise is broken.

Florida recognizes that insurance companies, like all contracting parties, must honor their contractual obligations in good faith. The law requires that insurance companies act fairly and honestly towards their insureds, and settle claims when they can and should do so if they act honestly and with due regard for their insureds’ interests. The relationship between a policyholder and an insurance company should not be an adversarial relationship. However, at times, insurance companies put their interests above the interests of the policyholders, and expose their policyholders to substantial losses and damages. When an insurance company wrongly denies coverage for a valid claim, or fails to settle a claim against its insured and exposes its insured to a judgment in excess of the policy limits, the insurance company could be held to have acted in bad faith.

Whether you are facing a dispute with your own insurance company (First Party Actions) or the insurance company of the party responsible for your injuries or damages (Third Party Action), the attorneys at REMUDO LAW FIRM are committed to tenaciously fighting for your rights against insurance companies that refuse to act in good faith.