A tornado or other storm can destroy your home and turn your life upside down. At a time like this, your insurance company should handle everything for you, making sure you have a place to stay while your home and property are repaired. In far too many cases, however, insurance carriers find ways to delay, minimize and even deny storm damage claims brought by customers who have been paying for coverage for years. If your insurance company refuses to honor your insurance policy and provide the protection for which you paid premiums, our attorneys will be there for you to fill the void. We know that when you suffer storm damage, you expect the protection and security that you thought your premiums guaranteed. If your insurance company is committing bad faith by dragging their feet, undervaluing your claim or denying your claim entirely, Fulmer Sill can help.
STORM DAMAGE CLAIMS + INSURANCE BAD FAITH
A bad faith insurance claim is filed when the insurance company should have provided proper compensation according to the policy contract, but failed to do so. There are many ways an insurance company can act in bad faith. For example, these types of acts can include unfairly denying a claim, offering an unreasonably low claim settlement, failing to properly investigate a claim or failing to make payment on a claim in a timely manner. In short, an insurance company cannot:
- MISREPRESENT THE TERMS OF A POLICY
- MISREPRESENT THE ADVANTAGES OR BENEFITS OF A POLICY
- MISREPRESENT A MATERIAL FACT OR POLICY PROVISION
- FAIL TO ATTEMPT IN GOOD FAITH TO REACH A FAIR SETTLEMENT OF A CLAIM
- FAIL TO PROVIDE A REASONABLE EXPLANATION FOR THE DENIAL OF A CLAIM
- FAIL WITHIN A RESONABLE TIME TO AFFIRM OR DENY COVERAGE OR SUBMIT A RESERVATION OF RIGHTS
- REFUSE TO PAY A CLAIM WITHOUT CONDUCTING A REASONABLE INVESTIGATION WITH RESPECT TO THE CLAIM
Unfortunately in Oklahoma most, if not all, insurance companies now go to great lengths to reduce or eliminate their liability, or better put responsibility, for insurance claims. Because the insurance companies are in a position of trust, the law in Oklahoma holds these companies to a higher standard. This occurs whether the insurance company is located here in the State of Oklahoma or is an out-of-state company that merely does business here. In many cases, once we have been able to prove that an insurance company has acted in bad faith, our clients have been able to recover amounts in multiples of what the claim was initially worth.
DO YOU HAVE QUESTIONS RELATED TO A STORM DAMAGE INSURANCE DISPUTE?
If you or a loved one have been affected by Storm Damage insurance claim, we encourage you to consult with our team as soon as possible. With our extensive knowledge and expertise, you can rest assured that should you choose to work with us, you will have legal representation that you can trust. At Fulmer Sill, 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. Please contact Fulmer Sill at (405)510.0077 for a free consultation.