Bad Faith Insurance Claims

Bad Faith

Insurance offers citizens peace of mind that what matters most to them, including their real property, are safe in the event of a catastrophe.

Though insurance firms are entitled to investigate claims' validity, many carriers use bad faith strategies to escape paying claims. When this happens, a Houston bad faith insurance lawyer will handle the case of bad faith insurance.

Insurance should provide insurance and security. Unfortunately, insurance providers build hurdles to avoid paying claims, including extending payments beyond statutory deadlines, refusing to pay for previously approved contractors, forcing the insured to resubmit paperwork several times, and rejecting claims for unfounded purposes, among other bad faith strategies. When this happens, you need your side's committed and dogged bad faith counsel to seek your insurance policy's fullest payout. Dick Law Firm has the experience to pursue claims against bad faith insurance companies.

When filing an insurance claim, Texas law puts a "good faith and fair dealing" obligation on the insurance provider during the claims review. Too often, though, insurance providers continue to profit from negotiating with their insured in bad faith from refusing, delaying, or underpaid benefits without a fair basis. If your insurance provider has handled you unfairly and refused to meet its legal obligations, it is necessary to consult with an experienced bad faith attorney.

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Bad faith practices

Insurance companies often go to extreme lengths to minimize or deny claims. Some of Texas insurance companies' most famous bad faith strategies include:

• Causing undue delays in the process
• Causing unnecessary delays
• Failing to confirm or deny coverage in a fair amount of time
• Hiring biased third parties to manage claims portions
• Threatening comments
• Regulation misrepresentation
• Misrepresenting the terms of an insurance policy by claiming that such things are not protected in fact
• Conduct haphazard property damage and other liability claims
• Refusing fair report requests
• Underestimating claims
• False allegations are due to low maintenance
• False allegations are due to natural wear and tear

If you witness any of these bad faith tactics, contact an experienced bad faith lawyer immediately. Insurance firms are essentially a corporation, so they're never in a hurry to pay out on claims. Often, insurance firms take advantage of the fact that most policyholders are unaware of their rights. However, all policyholders are legally entitled to examine their allegations thoroughly, diligently, and equally.

Although insurance providers should honor legitimate claims, our lawyers know individual businesses are underpaid or refuse to pay claims. Eric Dick acknowledges that these denials have devastating financial implications for plaintiffs whose business or residential assets require urgent repair.

Bad Faith Damages

Make an insurance claim for harm, and it turns into a bad faith insurance claim. A bad faith insurance attorney will help you potentially get coverage higher than your policy's original face value. When you have a bad faith insurance claim case, your insurer can be expected to pay penalties well beyond what's listed on your insurance claim. If you can show the insurer "knowingly" violated Chapter 541 of the Texas Insurance Code, you can potentially recover three times the total damages (called "treble damages").

For example, in addition to paying the assets full damage costs, an insurer might be forced to pay the following:

• Statutory sanctions
• Legal interest
• Liability for judgments beyond policy limits
• Lawyers' fees
• Emotional suffering
• Financial losses
• Punitive Damages

In Texas, the following damages are eligible in a bad-faith lawsuit:

• The real amount of damage
• Court expenses and attorney fees
• Any other relief the court deems proper.

There's one thing in common across all bad faith insurance claims: the more reprehensible an insurer acts, the greater the damages possible for the policyholder. The worst your insurance firm treats you, the more money you will receive in bad faith lawsuits.

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Houston Bad Faith Insurance Lawyer

When you or your company have carefully chosen insurance coverage to fit your particular circumstances and diligently paid your premiums, you don't expect to discover a lack of insurance coverage – particularly at a time when you probably need it the most. If your insurance company denies your insurance claim with little or no explanation, unreasonably delays payment or offers only a pittance compared to what you've come, you need experienced legal assistance from a Houston bad faith insurance lawyer.