Insurance Bad Faith
You paid money to buy car, home, health, life or boat insurance. You bought it for piece of mind in case something bad happened to you or your family. Its not okay for your own insurance company to deny your claim on unreasonable grounds, to delay investigating or processing your claim, to set traps to deny the claim or cheat you out of the full extent of the coverage you already paid for. It's a complicated area of the law and not for the unwary or inexperienced. Tim Gilpin has presented Oklahomans and Tulsans for over 23 years when they have been wronged by their own insurance company.
Don’t Let Your Insurer Cheat You
February 04, 2010
First, remember that almost always the insurance company for another person (someone who injured you) does not owe you any duty of "good faith". But, your own insurance company (the people you paid for coverage) does owe you a duty of "good faith". Basically, what does that mean?Boiled down and simplified, it means your insurance company owes you (insured person) the following: 1) your insurer must treat your interests with equal regard as its own interests - the claim process is not supposed to be adversarial; 2) your insurer should assist you with the claim; 3) your insurer must conduct a full, fair and prompt investigation of your claim; and 4) your insurer must disclose to you all the benefits, coverages and time limits applicable to your claim. These are the basics. It can get complicated and different time limitations apply depending on the nature of your claim and its basis. Consult an attorney experienced in bad faith law if you have questions about how your insurance company is treating your claim.
