Why Would You Need a Bad Faith Insurance Lawyer?
It should be remembered that insurance companies make money in business for all insurance policyholders. Notwithstanding what an insurance company is like, it is ultimately a profit-making organization which seeks, whenever possible, to avoid paying claims. Insurance companies are gaining their money through the collection of insurance premiums. Sadly, this promotes some insurance companies to use wrongful practices and claims adjusters. You should call a bad faith insurance lawyer if you are a victim of it.
What Is It?
In general, an unsatisfactory and unfair bad faith insurance practice is bad faith insurance. It may be deliberate, which means that the insurance adjuster knew at the time their behavior was unreasonable, but he or she had to do it out of any pressure from the upper management.
What Are Some Bad Faith Examples?
An insurer can act in bad faith when the company cannot uphold their duty or neglects their duty. It can be the behavior of the insurance officer or the process of handling the claim. Here are some common examples of ill treatments in insurance:
Insurance company delays the investigation of a claim unreasonably before accepting its payment.
The insurance firm does not carry out a prompt and detailed inquiry into the claim of the policyholder.
Insurance firm misrepresents the personal injury case facts
The insurance company is misleading by not revealing coverage, not releasing a time limit for filing or not giving necessary documentation to ensure timely filing.
The insurer deliberately misrepresents the law or language of the policy against the customer
Insurance company offers less money, despite the higher coverage required by policy, than its valid claim is worth.
Insurer retains the insurance benefits without legal justification in insurance policy
The insurance company rejects paying a valid claim covered by the policy.
Insurance company rejects the claim and does not then provide sufficient grounds for refusing
The policyholder is required, by the insurance company, to take legal action to cover the compensation provided under the policy.
Insurance company provides the policyholder or a third party making a threatening statement
Tackling a Bad Faith Case
In the final analysis, the reason behind every bad faith insurance company or insurance agent is financial. An insurance company can hope to delay or deny a claim until the claimant simply cancels, saving money for the insurance company on another reasonable payment.
It must be understood that bad faith insurance can occur either deliberately or through career faults. Insurance undertakings have the legal and professional duty to timely and reasonable processing of claims. If, in that capacity, the insurance company fails, either by negligent interpretation of the policies or by voluntary acts intended mainly to defraud a policyholder, it insures bad faith.
How Can an Attorney Help?
In any such case, a bad faith insurance lawyer can be a priceless asset. A lawyer can assist a client demonstrate the legitimacy of its claim and encourage the insurance carrier to cooperate or help develop a strong lawsuit with available evidence.
Contact The West Law Firm for a bad faith insurance lawyer in Oklahoma. Visit us for your legal needs.
**Disclaimer: The above article does not imply a relationship between attorney and client, nor is it legal advice.