Insurance companies go to great lengths to reduce or eliminate their liability, or better put responsibility, for insurance claims. In fact, it is in the insurance company’s best interest to avoid payouts to policyholders but, 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.
ASK ABOUT YOUR HOMEOWNERS INSURANCE COVERAGE: Ask your insurance company to describe in detail the types of coverages associated with your policy as well the potential coverages that may apply to your claim. You can also request a copy of your policy and declaration page and carefully read through the policy to make sure no information or obligations are overlooked or withheld.