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August 16, 2016

EVEN SUPERSTORM SANDY CANNOT CAUSE STANDARD FLOOD BAD FAITH DAMAGE.

Hurricane seen from Space . Provided by NASA 10.02.15

Image provided by NASA.

There is no such thing as "bad faith" claim handling under a Standard Flood Insurance Policy.  Even Superstorm Sandy could not cause the recovery of extracontractual damages whether prejudgment interest, post-judgment interest, consequential damages, penalties, punitive damages, or attorney's fees.  See McDowell v. USAA General Indem. Co., No. 14-4529 (JBS/AMD), 2016 WL 4249487, at ¶¶ 13-14 (page numbers not yet provided by Westlaw) (D.N.J. August 9, 2016).

In the same case, the Court noted that there is no such thing as an actionable "bad faith" claim arising from the procurement of a Standard Flood Insurance Policy, either.

Please Read The Disclaimer.  ©by Dennis J. Wall.  All Rights Reserved.

Posted by on August 16, 2016 at 06:26 AM in Bad Faith, Catastrophe Claims, Flood Insurance, Hurricanes |

Tags: bad, damages, faith, flood, insurance, policy, sandy, SFIP, standard, superstorm

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