WHAT TO DO WHEN AN INSURANCE COMPANY ACTS UNFAIRLY
When you sign up for an insurance policy, you have certain expectations – many of which are based on the terms of your contract. Perhaps the most fundamental expectation is that the insurance company will pay your claims or settle them at a fair value. Unfortunately, this is not always the case.
Do you believe your insurance company acted in bad faith? Contact us today for a free consultation.
WHAT IS INSURANCE BAD FAITH?
Insurance is a business like any other, and profits are unfortunately often prioritized over the interests of their policyholders. The insurance industry is highly regulated, and as a result there are a number of behaviors or actions these companies are not allowed to engage in. These include, but are not limited to:
- Denying insurance claims unfairly or without reason
- Paying an unfairly low amount for a claim
- Failure to adhere to the terms of your policy
- Failing to conduct an investigation
- Canceling a policy without cause or notice
For insurance bad faith to have occurred, however, you must be able to prove that the insurance company was aware of the actions, and that they knew they were acting unfairly. Both human and procedural errors can occur at insurance companies – mistakes happen. Failure to rectify these problems, however, could potentially qualify as bad faith.
WHAT ARE MY OPTIONS?
As an insurance policyholder, you have a right to take legal action against your insurance company if they are failing to abide by the regulations and terms of your policy. If you believe your insurance company is acting unfairly, it’s important to contact a Tulsa insurance bad faith attorney as soon as possible. In many cases, a lawsuit is not necessary – once the insurance company sees that you have retained legal counsel, they often have a sudden change of heart.
At Richardson Richardson Boudreaux, our highly skilled team has extensive experience with these claims, and many other types of personal injury and tort cases. We understand how insurance companies and their attorneys work, and we have the skills and knowledge to hold them responsible for their illicit and unfair business practices.
Don’t accept less than you deserve – hold insurance companies accountable by calling 918-492-7674 today.