Texas Bad Faith Insurance Attorney Fighting For Maximum Compensation
- August 9, 2014
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Dallas Bad Faith Insurance Attorney
Every year, hundreds upon thousands of members in our Texas communities purchase insurance policies for life insurance, disability insurance, automotive insurance, health insurance, homeowners insurance, etc. We place our trust in the hands of insurance companies to do the right thing when a policy condition occurs (ex. damage to your insured automobile). In spite of this, insurance policyholders lose millions of dollars to insurance companies that routinely deny, delay payment, or provide restrictive coverage on legitimate claims every year.
An insurance policy is a contract, an agreement between you and your insurance company. You agree and promise to pay the insurance policy’s premium, and the insurance company agrees to pay the insurance policy’s benefits if and when the policy’s conditions occur. If either side fails to uphold their respective agreed promises, the contract is breached.
More than likely, you or someone you know has experienced one of the following bad faith insurance practices:
· Denied or unfairly settled a homeowner’s insurance claims,
· Denied or unfairly settled a fire and arson claims,
· Denied or unfairly settled a hail damage claims,
· Denied or unfairly settled a property damage claims,
· Denial of coverage,
· Refusal to defend the policyholder if sued,
· Unfair claim settlements,
· Delayed claims,
· Denied claims, and
· Uninsured or underinsured motorist claims.
If you or someone you know have been the victim of denial coverage or other bad faith insurance practices, the Dallas, Texas, bad faith insurance attorney at The Hagood Law Firm, PLLC is here for you.
How Insurance Companies Commit Bad Faith
You, as the insurance policyholder, have a legal right to ensure that the insurance policy’s contractual agreements are upheld in full if you have a covered claim. In spite of their promise, insurance companies can and do refuse or delay to pay our justifiable claims. A few ways that insurance companies commit bad faith are:
1. Failing to acknowledge and act reasonably and promptly upon communications with respect to claims arising out of the insurance policy.
2. Refusing to pay claims without conducting a reasonable good faith investigation.
3. Failing to confirm or deny coverage of claims within a reasonable time after a proof of loss statement has been completed.
4. Misrepresenting relevant facts of the insurance policy provisions relating to the insurance policy.
5. Failing to attempt, in good faith, to effectuate fair and equitable settlements of claims in which liability has become reasonably clear.
6. Attempting to settle a claim for less than the amount a reasonable person would have believed he was entitled by reference to the insurance companies’ advertisements or marketing materials included with the insurance policy’s application.
7. Failing to promptly settle claims where liability is reasonably clear under the insurance policy.
8. Failing to promptly provide a reasonable explanation concerning the denial of a claim or an offer of a compromise settlement.
9. Canceling an insurance policy without reasonable basis.
Contact a Dallas, Texas, Bad Faith Insurance Attorney
If you or someone you know may have been involved in a possible bad faith insurance claim situation, we invite you to contact the Texas bad faith insurance attorney at The Hagood Law Firm, PLLC at 214-706-0835 or e-mail us at email@example.com for a free consultation. The Texas bad faith insurance attorney at The Hagood Law Firm, PLLC will fight for your rights and hold the bad faith insurance company accountable for any and all wrongs they may have committed against you.
***It is important to state that there is a two (2) year statute of limitations period for bad faith insurance actions, and therefore, it is important to contact a Texas bad faith insurance attorney as soon as possible.