Insurance Bad Faith

Tulsa, Norman, Edmond, Oklahoma City, and McAlester, Oklahoma

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lmost every major or important purchase we make in our life includes needing insurance coverage. Homeowner’s insurance, auto insurance, health insurance, and life insurance are all needed to feel a little more secure with having certain things. In some cases, such as auto insurance, these things are required. It is precisely because we need insurance, and the fact that insurance companies know this, that sometimes we are taken advantage of.

When you sign an insurance policy, you have entered into a contract with your insurance company. Because you are expected to hold up your end of that contract, you expect the insurance company to hold up their end. However, this is not always the case. When an insurance company fails to uphold the contract you have entered into with them, they are guilty of bad faith.

Bad Faith Practices

Most of us are not experts when it comes to insurance policies. Many of us may not have a choice when it comes to the price we pay in insurance premiums. Again, these are things insurance companies know. However, there are certain practices insurance companies engage in that put them in bad faith that we may simply take for granted due to our lack of expertise. These include:

Withholding benefits without cause
Failing to investigate a claim in a timely manner
Delaying payment of claims for an unreasonable amount of time
Undervaluing a claim
Underpaying a claim
Unreasonable denial of coverage
Refusing to settle or reimburse your claim unfairly
Canceling your insurance policy unjustly
Unreasonable interpretation of the language in your insurance policy

Insurance companies are often multi-billion dollar corporations with unlimited resources at their disposal. If you challenge them for any bad faith practice, they will try to wear you down. And they have the time and money to do it. They hope that you will simply accept their unfair treatment. This can deny you a claim that you rightfully deserve in a timely manner.

If you have been treated unfairly by an insurance company and you suspect them of practicing in bad faith, please contact Stipe, Harper, Laizure, Uselton, Belote, Maxcey & Thetford for an initial consultation. We serve the Oklahoma City, Tulsa, and McAlester, Oklahoma area.

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McAlester Office
343 E. Carl Albert Pkwy.
McAlester, OK 74501

Phone: (918) 423-0421
or (800) 658-1596
Fax: (918) 423-0266

Oklahoma City Office
525 Central Park Dr., 101
Oklahoma City, OK 73105

Phone: (405) 524-2268
or (800) 299-7299
Fax: (405) 525-3231

Tulsa Office
2417 E. Skelly Dr.
Tulsa, OK 74170

Phone: (918) 749-0749
or (800) 798-2613
Fax: (918) 747-0751

Disclaimer: The information contained throughout this site is meant to generally inform the reader about our areas of practice, including insurance bad faith. This information is not meant to be taken as legal advice and nothing on this site establishes a lawyer / client relationship. Our accident lawyers provide legal assistance in the Tulsa area including Oklahoma City, McAlester and Norman, Oklahoma.