Imagine someone causes an accident and injures you, you may be wondering about what damages you might be able to receive. You may have heard you can receive compensation for pain and suffering, but may not know how that is determined. These are known as non-economic damages. Also, the law provides for the recovery of economic damages.
When you buy insurance, and the insurance company accepts your premium, part of that premium is held in trust, to cover claims. It is not the insurance company’s money. It is your money. Because of this, the law requires the insurance company to treat you fairly. They are not supposed to be in an adversarial position with you – they are supposed to be working with you and not putting their financial interests ahead of yours. If an insurance company fails to uphold its responsibilities, they can be violating the law which is often called acting in bad faith. If so, an insurance bad faith attorney can help.