People purchase insurance policies under the belief that the insurance company will be there for them during difficult times. When a loved one dies, consumers expect payment from a life insurance company to help them cover burial costs and other expenses that result in untimely death. When a home is damaged by fire or weather, consumers depend on insurance companies to offer the financial assistance they need to repair the home or find alternate housing while repairs are being made. When an insurance company unreasonably denies claims that are legitimate and valid, consumers may need to take legal action and an Oklahoma insurance attorney can help.
A bad faith insurance attorney can help guide consumers in a claim against an insurance agency who is acting in bad faith. Insurance agencies are bound by law to follow an implied covenant of good faith and fair dealing. If this covenant is violated, consumers may sue in court for damages resulting from this violation. The law also allows a consumer to collect more than the value of the policy if they can prove that the insurance agency acted in a particularly egregious manner. For this reason, contacting an Oklahoma insurance lawyer should be the first step in determining damages based on an insurance company’s failure to adhere to the covenant of good faith and fair dealing.
Determining how much damage occurred because of an insurance agency decision regarding a claim can be difficult. For this reason, choosing an Oklahoma insurance attorney that specializes in bad faith cases offers the best opportunity to get the right settlement after an insurance company’s bad acts.
People depend on their insurance company to be there for them during bad times, and often those bad times are some of the worst in their lives. The sudden death of a loved one, a home damaged by fire or a severe car accident is devastating emotionally, financially and mentally. When the insurance agency does not act in good faith, the trauma can be long lasting. After a severe car accident, many consumers realize the need for a good car insurance lawyer, but few are aware that they may need a bad faith insurance lawyer as well.
If you or a loved one is suffering due to the bad acts of an insurance agency, contact an Oklahoma insurance attorney today.