Insurance 101 – Chapter 11 – Volume 1 – Bad Faith – Property

Bad Faith – Property

A new tort grew out of the failure of some insurers to deal fairly with those they insured. Because contract remedies did not provide, in the reasoning of some courts, a procedure by which adequate damages could be provided to the person wronged by his or her insurer. The concept of the tort of bad faith developed as a means of providing a recovery in tort for the breach of what had previously been regarded as a simple contract action. Contract damages traditionally limited the injured party’s recovery to those damages within the contemplation of the parties at the time the contract was made.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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