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Jun 18

$1 Million Settlement for Insurance Bad Faith Involving Flooded Home

KBK attorneys secured a 7-figure settlement on behalf of a Beverly Hills couple who purchased a “Superior Property Policy” which allegedly offered top-of-the-line homeowners coverage for large losses. When the couple sustained extensive damage to their family home in 2014 from flooding caused by wind-driven rain, the insurance company offered a fraction of the cost to make repairs and arbitrarily refused to pay its remaining obligations. Our legal team negotiated this agreement by uncovering the fact that top executives at the company were involved in a deliberate effort to fabricate a basis for denying coverage to the policy holders.

 

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