Legal action against an insurer that unreasonably denied or delayed payment of a valid claim, potentially exposing them to full damages plus penalties.
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Bad Faith Claim
Legal action against an insurer that unreasonably denied or delayed payment of a valid claim, potentially exposing them to full damages plus penalties.
Related terms
- Insurance Adjuster — Insurance company representative who investigates claims, evaluates liability and damages, and makes settlement recommendations or offers.
- Policy Limits — Maximum amount an insurance company will pay under a given policy, often determining the upper bound of recoverable settlement.