Why Were My Disability Benefits Denied?
Disability insurance claims are denied for a variety of reasons, including insurance companies acting in bad faith. Denial of disability insurance benefits can result in unpaid medical expenses, rehabilitation costs, and lost wages. Denial of Disability Benefits People with disabilities count on their disability insurance benefits to cover a variety of expenses. When benefits are denied or delayed, a disabled individual can end up with thousands of dollars in unpaid medical expenses, rehabilitation costs, and lost wages, especially with long-term disabilities. If a claim is denied or [...]
Is an Insurer Responsible for Pre-Tender Defense Costs? [Infographic]
In most Nevada bad faith insurance cases, an insurer is not liable for pre-tender defense costs that were voluntarily incurred by an insured party but may be liable to a co-insurer for pre-tender costs incurred before the defense was tendered to the insurer. (Article continues below Infographic) ______ What are Pre-Tender Defense Costs? Pre-tender defense costs are costs incurred by an insured policyholder to defend a bad faith claim before he/she tenders the claim to the insurance company. In most jurisdictions, the insured pays for pre-tender defense costs. [...]
What Effect Do Bad-Faith Insurance Laws Have On First-Party Insurance Claims?
Nevada law permits bad faith insurance claims between first-party claimants and insurance companies because the parties have a contractual relationship. If it is proven that the insurance company acted in bad faith, the claimant is entitled to damages. Bad Faith Insurance Claims In Nevada, the law states that every contract imposes the duty of good faith and fair dealing upon the contracting parties. A breach of contract or failure to perform duties in good faith constitutes “bad faith” between the parties in the contract. Bad faith insurance claims [...]