Punitive damages are amounts awarded to punish and deter malicious, fraudulent or oppressive conduct. The purpose of punitive damages is to punish or make an example of and more importantly to deter conduct of the wrong doer in the future.
Our office has been involved in many claims where we have recovered substantial amounts in excess of the contract benefits being wrongfully withheld under the policy for first party policy holders. However, an insurance company’s failure to pay benefits does not automatically entitle the policy holder to extra contractual damages or punitive damages.
If you are having a problem getting benefits paid under an insurance policy, please call our office toll free at 1.888.227.2771 for a free consultation. Please let our staff know you obtained our name from the Internet and ask to speak directly to one of the attorneys to discuss your problem.