Insurance companies are there to provide funding if you’re injured in an accident or suffered a loss, such as property damage in your home. As a result, it can be discouraging and incredibly stressful when your claim is denied. When a claim is denied, you are left to pick up the pieces during times when you and your family are injured, possibly out of work, or, in cases involving homeowner’s insurance policy, you may possibly be forced to move out of your home due to roofing or mold issues.
Denials of insurance claims are not always fair, reasonable, or in good faith. Our team at Martinez, Hart, Sanchez & Romero, P.C. are familiar with unreasonable denials, which is commonly referred to as bad faith insurance practices. Legal assistance is a must when pursuing a bad faith claim, as insurance companies have far more resources – both financial and legal – than the average person. We are ready to listen to you and ready to stand up for you against insurance companies.
In New Mexico, your insurer has a legal duty to act fairly to you in the following ways:
Unfortunately, when the time comes for your insurer to uphold its legal and contractual promises to you, you may experience the runaround. Your insurance company may outright deny your claim without a proper investigation, delay the payment of your claims, or try to offer to pay you significantly less than what your claim is worth. In some circumstances, the insurance company may even misrepresent your rights under the insurance policy. In each of these circumstances, the insurance company may have breached its legal duties under New Mexico and acted in “bad faith.”
If you think your insurance company is acting in bad faith on your claims, you have specific contractual rights under New Mexico law. Our team at Martinez, Hart, Sanchez & Romero, P.C. are experts in handling bad faith insurance claims against insurance companies. We are here ready to listen and review your case to determine whether your insurance company complied with New Mexico law.