Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
Free Consultation: 15 mins
Bad Faith Insurance Law in Surrey, Canada refers to the legal obligations for an insurance company to treat its policyholders fairly. It's a term used to describe when insurers wrongfully deny benefits and dismiss claims without a reasonable basis. Insurance companies are bound by the 'duty of good faith' to their policyholders, which means acting in the best interest of the insured policyholders. When breached, policyholders may have a claim for 'bad faith' against the insurer.
A lawyer specialized in bad faith insurance can be critically important when your insurer refuses to honor the terms of your policy, uses deceptive practices, intentionally delays claims, or fails to adequately investigate your claim. Experience in the field aids attorneys in seeing beyond the complex industry terms and identifying bad faith practices. Legal help can ensure you fully understand your rights, your insurer's responsibilities, and guide you through the legal process toward a fair resolution.
In Surrey, like the rest of British Columbia, the principal legislation governing insurance contracts is the "Insurance Act". In the event of a dispute, the insurer must provide clear reasons for the denial of a claim. If they fail to do so, or if their reasons are found to be unreasonable, they could be held liable for bad faith practices. Damages for emotional distress or punitive damages may be awarded in extreme cases of bad faith.
Bad faith insurance typically involves an insurance company denying a claim without a valid reason, delaying payment with no reason, not conducting a proper investigation, or violating the terms of the insurance policy or standards of the industry.
If your insurer is unnecessarily delaying your claim, denying it if the terms of the policy should cover it, or not conducting a thorough investigation, they may be acting in bad faith.
Yes, if an insurance company behaves in bad faith, you can take legal action against them. It's recommended that you consult with a lawyer to understand your options and the best course of action for you.
The compensation will depend on the specifics of your case but generally, it includes amounts meant to compensate you for your loss, punitive damages, and legal costs.
Generally, limitation periods apply, and it's best to consult with a lawyer as soon as possible after you believe your claim was wrongfully denied.
The Insurance Bureau of Canada (IBC) offers valuable resources and information for understanding insurance matters nationwide. BC's Civil Resolution Tribunal (CRT) can resolve certain small claims and strata property disputes. The Law Society of British Columbia can help locate a lawyer specializing in Bad Faith Insurance law.
If you believe you're a victim of bad faith insurance, gather all relevant documentation, and contact a lawyer specializing in bad faith insurance law. They will guide you through the legal process, ensuring your rights are safeguarded. The Law Society of British Columbia offers an online directory to aid in your search for legal representation.
