Dealing with an insurance claim can be stressful. When you pay your premiums on time, you expect your insurance company to be there for you when you need them. Unfortunately, some insurance companies in Oklahoma might not always act in your best interest.
What are the red flags to look out for?
Knowing how to spot signs of bad faith insurance can help you protect yourself and act when necessary.
- Unreasonable delays: Long delays can cause unnecessary stress and financial hardship, especially if there is no valid reason for the delay.
- Lowball settlement offers: An insurer might provide you with a settlement that is much lower than what your claim is worth for. This is a tactic that saves them money at your expense.
- Lack of communication: If your insurance company stops returning your calls or fails to provide updates on your claim, this is a red flag. Effective communication is essential for a fair claim process.
If your insurer denies your claim without a reasonable explanation or proper investigation, it may be an act of bad faith. You deserve a clear and valid reason for any denial.
What to do if you suspect bad faith
If you suspect bad faith from your insurance company, start by keeping detailed records of all communications, noting dates, times and the names of the people you speak with. Request written explanations for delays, denials or low settlement offers, as this can serve as evidence if you want to pursue legal action.
You may also want to seek help from a legal professional who can help you understand your rights and guide you through the process. They can also help you file a complaint with the Oklahoma Insurance Department, which can investigate your claim and hold the insurance company accountable.
Remember, you deserve fair treatment from your insurance company. Recognizing the signs of bad faith and knowing what to do can help you get the support you need during a tough time.
