Oklahoma City Insurance Bad Faith Lawyers & Attorneys
Insurance is a necessity in many facets of our lives today. You need insurance for your home, car, and health to be assured that you will have the monetary coverage needed in times of emergency. In fact, in many instances you are required by law to have it.
The problem with insurance is that most consumers don't have many options when it comes to the insurance carriers they have to choose from. And, most consumers don't fully understand what their insurance contracts or policies actually cover. This gives insurance companies the opportunity to charge high premiums and take advantage of their customers when insurance claims are ever filed.
The reality is that insurance companies have a vast number of resources, including lawyers and claims adjusters, all working together for the sole purpose of paying out as little in claims as possible. Even though they all claim to help their customers, they have a long and documented history of trying to convince and coerce customers into accepting less than what their claims are worth.
Some of the most common tactics they use to minimize claim amounts is to convince customers not to hire their own lawyers, or tell them that their claims aren't covered by their policies when they actually are. The bottom line is that every claim the insurance company pays out reduces their profits, so they are consistently working against you.
The good news is that Oklahoma has many laws to protect you from the coercive actions of insurance companies. In Oklahoma you can sue an insurance company for breach of contract. This means that if you were denied full coverage for something specifically stated in your insurance policy and they refuse your claim - they are breaching the contract.
The state of Oklahoma also believes that insurance companies owe you duties beyond the contract rights afforded you in the policy. Since insurance companies have more money, power and resources than the common individual, Oklahoma law requires them to deal with you fairly and 'act in good faith' when handling your claims. If they don't, you are legally entitled to sue them.
Some examples of acting in bad faith include withholding payments for benefits, not processing your claim in a timely manner, denying claims that you are covered for, using coercive tactics or 'low-balling' your settlement offer, or not complying with Workers Compensation laws.
If you feel you or a family member have been the victim
of insurance bad faith, you should contact our offices
today. During your free consultation we can evaluate the details of your case
and use our experience to recommend the best course of legal action.
Don't let your insurance company coerce you or deny your claims any longer. Let the law firm of Stipe & Belote fight for your rights and get you the settlement you deserve.
