A terribly destructive system of tornadoes tore through the Dallas/Fort Worth area on Tuesday, ripping apart homes, buildings, structures, and lives. More than a dozen people were injured as a result of these tornadoes, dozens of homes and commercial buildings were destroyed and countless vehicles were completely lost as a result of this storm. As the brave people in the area begin the process of picking up the pieces and getting back on their feet, many will turn to their insurance companies for help.
Unfortunately, it’s not completely uncommon for insurance companies to partake in conduct that would be described in legal parlance as insurance bad faith when faced with the prospect of paying out billions of dollars in claims. This approach to these types of disasters can leave people in utterly desperate situations, as they have been paying their premiums properly for years and they assume that their insurance carrier will be there for them when they need them.
What is Insurance Bad Faith?
Insurance bad faith has become an all-too-common term in recent years, and there are specific actions that are taken by insurance carriers with the intent of forcing policyholders to accept low and unreasonable settlement offers on claims or in hopes that they will simply give up on attempting to recover on their policies. A few examples of these tactics include:
- Uniformly denying all initial claims for coverage
- Engaging in unreasonable delays with the processing of claims
- Offering unreasonably low settlement amounts on claims
- Refusing to explain the reasons for denying claims
Policyholders should remember that insurance policies are legally binding contracts, which means that each party to that contract agrees to take on both rights and duties in furtherance of that agreement. This means that people who are mistreated in this manner have legal rights and options for recourse.
Bedford Insurance Bad Faith Lawyers
The Bedford bad faith insurance lawyers at The Parker Law Firm have built an extensive track record of achieving positive results for clients who have been mistreated by insurance companies. The attorneys at the firm have taken more than 100 of these cases all the way through trial, and the firm has specifically handled cases involving:
- First party insurance claims
- Storm, wind and hail claims
- Structural and construction losses
- Roof and foundation claims
- Business interruption claims
- Bad faith insurance practices
- Casualty losses
- Fire losses
If you have encountered problems with your insurance coverage, you need to take immediate steps to protect your legal rights. Contact the Bedford bad faith insurance lawyers at The Parker Law Firm today to schedule a Complimentary Strategy Session.