How do I Know if my Insurance Company is Acting in Bad Faith?

You can determine if your insurance company is acting in bad faith by identifying specific behaviors that prioritize the insurer’s financial interests over your rights as a policyholder. Under Oklahoma law, bad faith occurs when an insurer breaches its duty of good faith and fair dealing.

Key warning signs that your insurer may be acting in bad faith include:

• Unreasonable Denials: Rejecting a valid claim without a proper basis, failing to review policy terms, or ignoring facts that support coverage.
• Inadequate Investigation: Failing to conduct a thorough, timely, and unbiased investigation. This includes ignoring witness statements, medical records, or other critical evidence.
• Unjustified Delays: Failing to acknowledge a claim for weeks, requesting excessive and unnecessary documentation, or refusing to communicate regarding the claim’s progress.
• Lowball Settlement Offers: Offering an amount far below the actual value of your damages without a valid justification.
• Deceptive Tactics: Misrepresenting policy language, making false statements about your coverage, or threatening and coercive conduct.
• Policy Issues: Canceling your insurance policy without valid grounds immediately after a claim is filed.

If you notice these behaviors, it is important to document all communications, including denial letters and time-stamped logs of phone calls, to build evidence for a potential claim.

• Expert Insurance Bad Faith Litigation Oklahoma Attorneys