Standing Up For Your Rights In Bad Faith Insurance Claims
Homeowners and business owners rely heavily on their insurance policies to help them through difficult times. The last thing you need when the unexpected strikes is for your claim to be denied, delayed or minimized due to misconduct by an insurance agent or insurance company. Thankfully, when this happens, there are legal routes to relief. Let our bad faith insurance attorneys at The Loyd Law Firm help you pursue them.
Based in San Antonio, we stand up for homeowners and business owners throughout Texas, including Austin, Houston and Dallas, in bad-faith insurance matters. Our lawyers have represented insurers in the past, so they know the tactics insurers employ. We’ll use this insider perspective to seek the justice and benefits you deserve.
When Your Insurance Agent Acts Wrongly
It is a deeply unpleasant surprise when your insurance policy doesn’t cover a loss you thought it would. It is particularly distressing if your insurance agent had previously assured you that you would be covered in this type of situation.
Policyholders face significant harm when agents fail to obtain requested coverage or misrepresent policy details. In such situations, it is possible to pursue legal action against an insurance agent for their behavior. However, these claims can have many complexities. Having trusted guidance can be essential. Our team can walk you through every step of fighting for the relief you deserve after experiencing insurance agent misconduct in connection to a homeowners insurance policy, commercial general liability policy, commercial property insurance policy or similar policy.
When The Insurance Company Is The Problem
Sometimes the issue lies not with the policy but with the insurance company. Insurers are supposed to act in good faith, but this doesn’t always happen. This can lead to unfair delays, denials or reductions of claims. Examples of bad faith tactics include:
- Refusing to negotiate a settlement for a claim of reasonably clear validity
- Using procedural delays to unfairly delay payments
- Denying or reducing the amount of a claim without a reasonable basis
- Failing to investigate claims reasonably
- Misrepresenting policy coverage
Our bad faith insurance attorneys are here to stand up for you against such unfair conduct.
What Types Of Bad Faith Claims Are Available In Texas?
There are two main types of bad faith claims that Texas homeowners and business owners can pursue against insurance companies:
- Common law claims: For egregious conduct that goes against an insurers obligation to act in good faith
- Statutory claims: For insurer conduct that violates state insurance laws
Our bad faith insurance attorneys can help you choose the right claim for your situation and guide you through every step of pursuing it.
First-Party Bad Faith Claims Vs. Third-Party Bad Faith Claims
The main difference here is who brings the lawsuit. A first-party claim is filed by the policyholder, while a third-party claim is brought by another harmed party. Most business owner and homeowner bad faith claims are first-party claims.
Helping You Prove Bad Faith
Proving bad faith can be difficult. It generally requires demonstrating that the insurer acted unreasonably or deceitfully. Our bad faith insurance attorneys understand how to overcome the challenges related to this. Let us collect evidence, build your case and advocate for your rights.
What Kinds Of Damages Could You Receive From A Successful Bad Faith Claim?
A successful bad faith claim can lead to compensatory damages for financial losses. There may also be the possibility of trebled damages, which could triple the amount of compensation you receive. We will fight for the relief you deserve.
Let Us Help You Pursue Justice
If you suspect bad faith practices by your insurer, don’t hesitate to seek help. Contact us by email or by phone at 210-775-2234 for dedicated support and passionate advocacy.