In North Carolina, insurance companies are required to act reasonably when handling claims. They must promptly investigate claims, pay valid claims, and refrain from fraudulent misrepresentations or bullying tactics. If an insurance company acts in bad faith by delaying payment, wrongfully denying a claim, or lying to the policyholder, the plaintiff may be entitled to treble damages, which means they can receive three times the compensation for their damages. For instance, if a person’s car is totaled in an accident and the insurance company wrongfully denies the claim, forcing the individual to purchase a new vehicle out of pocket, the insurance company could be compelled to pay three times the cost of the replacement vehicle. If you believe your insurance company has acted in bad faith, you can seek assistance in pursuing a bad faith insurance claim. Contact us to find out more about your claim.