Posted on October 27, 2011 in Personal Injury
All insurance policyholders have the right to expect good faith and fair dealing from their insurance companies when they file a claim. While insurance companies can deny or reduce claim payments for valid reasons, some intentionally use delaying techniques and other tactics to avoid paying some or all of the compensation covered by the policy.
The failure of an insurance company to compensate a claimant fully and fairly does not automatically represent a bad faith claim under Oklahoma law. But an Oklahoma Bar Journal article explains that when the courts find an insurance company liable of bad faith dealings in a claim, it can result in a verdict in excess of its policy limits, and potentially pay damages for embarrassment and loss of reputation, emotional distress, and even punitive damage.
Understanding your options when an insurance company treats you unfairly
Naturally, insurance companies can make errors that you can clear up by discussing your situation with a claims adjustor or providing additional information. But when you suspect an insurance company engages in bad faith practices, you need an experienced attorney who can identify the signs of bad faith and help you understand the advantages and disadvantages of all legal options available to you—including appeals, mediation, arbitration, or a jury trial.
You can afford skilled legal support
A primary concern of many individuals is whether retaining a lawyer makes financial sense if the legal fees and other costs exceed the amount of financial recovery. You need to discuss the fee structure with an attorney before beginning the case. In many instances, attorneys offer a contingency fee structure that requires no payment from you until the end of a winning case. The attorney then receives payment out of a portion of the recovery. If the attorney cannot recover compensation, you do not owe a fee.
Call for a free initial consultation with an experienced law firm
If an insurance company treats you unfairly, you need experienced legal support with a strong knowledge of insurance company behaviors and the resources to compel corporate responsibility for their bad faith conduct. The Oklahoma personal injury lawyers at Ryan Bisher Ryan Phillips & Simons vigorously pursue the maximum allowable compensation for your loss under the law. There is no charge for discussing your situation with us. Our success rate handling bad faith claims is outstanding. Insurance companies are very aware that when we accept a case, we intend to win it. Contact us today.
Ryan Bisher Ryan Phillips & Simons
4323 NW 63rd Street, Suite 110
Oklahoma City, OK 73116
Some insurance companies deny or reduce claim payments by using delaying techniques and other tactics to avoid paying some or all of the compensation covered by the policy. Learn how attorneys can protect you from such tactics.