Millions Of Dollars Recovered For Bad Faith Insurance Denials
Insurance companies often let people down at the time when they need help the most. While frustrating, a denied claim doesn’t always mean the insurer has broken any rules. But all too often, insurers do unfairly and intentionally deny, devalue or slow-pay valid claims.
When insurance companies fail to honor policies or engage in bad faith tactics, our lawyers at Mansell & Engel hold them responsible. Our highly experienced attorneys are dedicated exclusively to obtaining justice for people in Oklahoma and beyond who have been wronged by their insurance companies.
Being insured should mean that your insurance company will provide you with reasonable coverage according to the terms of your policy. However, sometimes the insurance company’s first priority is their bottom line. Their profit margin may not always align with doing right by their customers. When a company’s mission is to pay out as little as possible, this can shortchange policyholders who need and deserve to have their claims fully paid.
Insurance companies have a legal and contractual obligation to:
Failing to uphold these duties could constitute bad faith action under the law, especially when the tactics are intentional, systematic or egregious.
Examples of bad faith insurance actions include:
Insurance bad faith can happen to holders of all sorts of insurance policies, including home and auto coverage, life insurance and long-term disability insurance.
An insurance policy is supposed to provide you with coverage. Unfortunately, not all insurance companies hold up their end of the bargain. There are a lot of different ways an insurer could act in bad faith. Examples include:
Insurance companies are required by law to act in good faith. When they don’t, you may be able to hold them accountable for their bad practices.
If you believe your insurer has acted in bad faith against you, there are legal options that can hold them accountable. If they violated the terms of your policy, you can pursue a lawsuit against them for breach of contract. If you prevail, the insurance company may have to pay the original claim plus attorney fees, compensatory damages and sometimes punitive damages. Our lawyers are well-versed in insurance company tactics and have successfully sued the biggest insurers for bad faith.
