All New Jersey consumers can celebrate a colossal legislative victory as The Insurance Fair Conduct Act is now law in New Jersey, thanks to Governor Philip Murphy’s signing the act on January 18, 2022. The bill provides car insurance consumers a right to sue their insurance companies if the carriers act in bad faith and deny, delay, or underpay legitimate claims in uninsured and underinsured motorist cases.

Individuals with New Jersey automobile insurance who are injured in a motor vehicle accident and entitled to uninsured or underinsured motorist coverage, who are unreasonably denied a claim for coverage or payment of benefits or who experiences an unreasonable delay for coverage or payment of benefits, may recover actual damages, prejudgment interest, reasonable attorney’s fees, and all reasonable litigation expenses.

Actual damages include, but are not limited to, actual trial verdict amounts.  However, the verdict amount cannot exceed three (3) times the applicable uninsured or underinsured coverage amount.  If a trial verdict amount is greater than three (3) times the applicable coverage amount, the damages will be set at three (3) times the coverage amount.

The attorneys at Williams Cedar, LLC have decades of experience with successful trials and litigation of uninsured and underinsured motorist claims against car insurance companies, securing maximum cash settlements and verdicts for our clients.  We will be happy to discuss your potential claims against insurance companies for their unreasonable denial or unreasonable delay of your claim for coverage or payment of uninsured or underinsured motorist benefits.

If you would like to discuss your potential Insurance Fair Conduct claims and potential damages, please contact our office at (856) 470-9777.  This discussion with one of our attorneys will be free of any charge. You may also email our office at dcedar@williamscedar.com or request a consultation here.