If you’re dealing with an insurance claim and feel the insurance company is acting in bad faith, you want to work with an attorney who can help. That way you won’t be battling insurance bad faith in Nevada on your own, and can get the legal help and support you deserve. Here’s what you need to know about this important issue.
What is the statute of limitations for insurance bad faith in Nevada?
To make an insurance bad faith claim you need to act quickly. The statute of limitations has its basis in both statutory grounds and common law. If you’re filing under statute you have three years to make your claim, while a claim filed under common law has to be handled within four years.
If you wait too long to contact an insurance bad faith attorney in Reno you may find that you’re not able to make a claim, even if you would have likely had a case. Insurance companies have a duty to their policyholders, and if they’re breaching that duty where you’re concerned, you want to address that as soon as possible.
What is bad faith failure to settle in Nevada?
In a bad faith failure to settle you need to show that the insurer deliberately refused to perform contractual duties. In other words, if the insurance company made a mistake or simply used poor judgment, the company isn’t liable for a bad faith action. That can be frustrating for a policyholder, but bad faith requires a strict definition of a particular action by the insurance company.
If you’re experiencing a problem with an insurance company you believe isn’t acting in good faith toward you, you want an attorney for bad faith insurance litigation to help solve the problem. Working with trusted legal professionals can make all the difference when you need to get your case settled in a way that’s fair to you.
Does Nevada have third-party bad faith?
Nevada doesn’t have third-party bad faith claims the way some other states do, so that’s not an option when making your case. However, the insured person is able to assign their rights to someone else if there’s a potential bad faith lawsuit. It’s very important in a case like that to keep the insured informed about what’s going on with the situation and how it’s proceeding.
What is the Nevada Unfair Insurance Practices Act?
The Nevada Unfair Insurance Practices Act is legislation that grants claimants the right to act to enforce a recovery of any damages when an insurance company acts in bad faith. In other words, policyholders have some legal protections they can use against insurance companies that are refusing to pay. An attorney can help you get your case settled properly.
When you need a trusted insurance bad faith attorney in Reno, reach out to the professionals at Coulter Harsh Law. We are dedicated to helping you move through the legal process and receive fair and just compensation in your particular case.