bad faith claims oklahoma
Oklahoma Insurance Bad Faith Claims: What to Do if You’ve Got One
People purchase insurance coverage in order to protect themselves in the event of an accident or situation that could yield costly medical bills, property damage expenses and other unforeseen monetary losses. Consumers expect that their claims will be handled fairly and that the expenses they incur in these types of situations will be covered by their insurance. However, sadly, this is not always the case.
Insurance companies are in the business of making money and may try to settle claims for less than the amount that is actually owed or covered in the insurance policy. This occurs frequently is cases of Oklahoma auto and truck accidents. Insurance adjusters are paid and promoted based on how little payout the company has to make, therefore, the insurance companies may try to low ball or deny claims altogether, citing fraudulent or false reasons for their decisions. When a policy holder’s trust is violated and they are not treated fairly by the insurance company, this is called “bad faith”.
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