Insurance Dispute Cases
Insurance Is Meant to Provide Peace of Mind
When you buy insurance, it’s for peace of mind. You trust that your insurance company will stand by its promises, ready to support you when you make a claim. Unfortunately, not all companies fulfill this commitment when it matters most.
Unfair Claim Denials: When Insurance Companies Don’t Play Fair
Sometimes, insurance companies unjustly deny valid claims, hoping that policyholders will simply give up. These denials are often used as a tactic to reduce payouts, leaving policyholders without the support they counted on in a time of need.
Your Rights Under Oklahoma Law
Oklahoma law protects you when an insurance company acts unfairly. If a company unreasonably denies your legitimate claim, you may be entitled to recover more than the original amount owed. Additionally, Oklahoma law allows for punitive damages against insurers, designed to penalize them for misconduct and deter similar actions in the future.
Lloyd & Lloyd: Standing Up to Big Insurance Companies
At Lloyd & Lloyd, we have the knowledge and experience to hold insurance companies accountable. We have successfully represented clients in cases involving homeowners insurance, uninsured and underinsured motorist claims, auto insurance, disability coverage, health insurance, and renter’s insurance.
Fighting for Your Rights and Fair Compensation
We are dedicated to ensuring you receive the fair treatment and compensation you deserve. If your insurance company is denying your valid claim, we’re here to fight for your rights and uphold Oklahoma law.
Insurance Dispute FAQs
What’s an insurance dispute?
An insurance dispute arises any time an insurance company and an individual policy holder don’t agree on the terms of an insurance settlement. Insurance disputes can take place between the insurance company and its own policy holder, or between an individual and the insurance company of another party in any type of incident requiring insurance.
Take this textbook scenario for example:
You’re in a serious wreck with someone; it’s not your fault, your car is totaled and you need expensive surgery. The other party’s insurance company says you’re somehow partly at fault, and they’ll only agree to pay you a portion of the costs for the totaled car and medical expenses.
At this point, you can dispute the settlement offer and enter into a protracted battle against the insurance giant’s army of assessors, claims adjusters and lawyers. You do not want to do this alone.
What can you do when an insurance company refuses to pay?
Insurance companies are notoriously tight with their money. They wear down policy holders and claimants with legal nonsense and underhanded tactics in an effort to minimize their out-of-pocket costs.
In these cases, you need an attorney who can fight the insurance company for you. Don’ let insurance companies bully you into accepting less than what you’re justly owed.
Do you need a lawyer for an insurance dispute?
Technically no, but having an attorney deal with an insurance dispute will make the process so much easier on you—and will probably result in a higher payout to you.
Even after you account for your attorney’s fees, you’ll still net a higher amount with an attorney than you will without one.
For more information about how insurance companies try to trick you, check out this blog.
Why do insurance companies lowball?
Because they’re greedy, and no amount of money in the world can sate them. It’s also because they know you as the claimant probably need the money sooner than later, and thus they can pressure you into accepting something lower now over something more later.
What happens if I accept a settlement offer?
DO NOT accept any settlement offer without first consulting an attorney. If you accept a settlement, it could A) be for much less than you are entitled to and B) prevent you from filing any further claims or lawsuits stemming from the incident.
GET THE EXPERIENCE YOU NEED FOR YOUR CASE
If you have been injured due to the fault of others, contact Lloyd & Lloyd. Our record of success in the courtroom and in the courts of appeal, combined with our commitment to giving personal service, enable us to provide exceptional legal representation. You can fill out an online case review form by clicking here, or by calling us at 918.417.6580.