Oklahoma City Insurance Bad Faith Lawyers
What Constitutes a Bad Faith Insurance Claim?
An insurance company is said to act in "bad faith" when they do not fairly handle a claim. This may take on various forms, such as delaying payment, offering an unfairly low settlement, retroactively canceling an insurance policy or denying a valid claim.
In these situations a claimant or policyholder can seek legal counsel from an attorney who must prove the following elements:
- The insurer acted consistently negligent or ignorant of claims filed by the injured party
- The insurer acted unreasonably when handling the claim
Our experienced attorneys at the Law Offices of Stipe & Belote can help you seek the fair financial compensation you deserve for your insurance claim. We are experienced in this field and understand what deceptive or outright illegal tactics insurance adjusters may use to try to avoid paying the full value of a claim and we know how to assert your legal rights. With our help, you may be able to recover the full value of your original claim, plus damages.
Recent Verdict: Insurance Bad Faith Claim
Most recently, Law Offices of Stipe & Belote recovered a significant verdict for a client by proving bad faith practices on the part of an insurance company that intentionally did not pay our client, a storage company, the amount of money required to repair hail damage to their property.
The insurance company also wrongfully charged the storage company $94,000 for allegedly not having enough insurance on the property when our client actually had adequate coverage.
The case went to trial, and the jury found that the insurance company breached its insurance contract and acted in bad faith. The jury awarded our client a total of $754,125 in damages, including actual and punitive damages as well as pre-judgment interest. Our client is also entitled to recover attorney fees. This is just one example of a client we helped in the face of insurance bad faith.
The Law Offices of Stipe & Belote handles all types of bad faith insurance claims in Oklahoma, including those that involve:
- Storm damage
- Tornado damage
- Fire damage
- Other types of property damage
If you would like to find out how we can assist you, please feel free to contact our offices to schedule a confidential consultation and review of your case.