People depend on their insurance companies to help when disaster hits. Yet, insurers are not always willing to pay what is owed or handle claims in good faith and without delay. When you buy a commercial property or homeowners’ insurance policy, you expect the insurance company to stand behind you when disaster strikes. Unfortunately, that all too often is not the case. In our years of representing individuals and businesses, we’ve seen firsthand how far insurance providers will go to avoid paying legitimate claims. Individuals and families that have been victims of bad faith tactics by insurance carriers need to find attorneys with the litigation skills and in-depth knowledge of the insurance industry to represent thir interests.
Fulmer Sill was founded on the principle of leveling the playing field with insurance companies by influencing the manner in which insurance companies handle claims in Oklahoma through the services and results we provide for our clients. For decades, insurance companies have lobbied to prevent oversight by a federal agency and, with severe budget limitations to most state agencies, insurance companies are able to handle claims with virtually no accountability other than through the courts. Due to the vulnerability of an insured after a loss and the unique nature of insurance, Oklahoma law places additional obligations on an insurance company when an insured suffers a loss to ensure prompt and timely payment of benefits. There are numerous ways that an insurance company will act in bad faith to deny legitimate claims, such as:
- Delays in paying you on time and in full making only partial payments cor a claim
- Denying the validity of your claim no matter how valid it is under the policy
- Delaying an investigation of the claim and or dragging out the investigationretaining multiple adjusters and experts
- Twisting around the policy language to find an excuse not paying you
- Failing or refusing to thoroughly investigate the claim
- Making you a lowball offer
- Promising that a claim would be paid and then later refusing to follow through
- Requiring that you demolish part of your property and then refusing to pay for the repairs
It is crucial to keep in mind that there are numerous deadlines that must be met in the insurance claims process and deadlines for suing an insurance company. Missing one of these deadlines can mean that an insurer can deny your claim and that a court can dismiss your case without any recovery to you. It is important to consult with experienced attorneys as soon as you have a concern about your claim.
DO YOU NEED HELP WITH A BAD FAITH & INSURANCE COVERAGE CLAIM?
Oklahoma bad faith law is a highly complex and involved practice area that takes a great deal of experience, resources, and knowledge to maximize the results for you. It’s important that you know when your insurance company is acting in bad faith and, if they are, what steps we can take on your behalf. All initial consultations are free, and we don’t charge any up-front fees for representation. We handle all fees on a contingency basis, meaning that unless we’re successful, you don’t have to pay us. If you have further questions, our Fulmer Sill team is always willing to talk through your situation to help you understand what legal options you have regarding your claim. Please contact Fulmer Sill at (405)510.0077 for a free consultation.