Recognizing Bad Faith Insurance with Your Personal Injury Claim

Recognizing Bad Faith Insurance with Your Personal Injury Claim

Many people are able to receive fair compensation from insurance companies after a car accident, but some people are stuck with insurance companies that practice bad faith. Bad faith means you may not be able to receive the amount of compensation you need to recover financially. This happens because some insurance companies fail to recognize that there are more financial losses after a car accident than medical expenses. If your insurance company denied you a settlement or if you were not offered enough compensation, consider hiring an Oklahoma personal injury lawyer today.

What Is Bad Faith Insurance?

Bad faith insurance can mean several things, but can be summed up as an insurance company cheating you out of what you rightfully deserve. Common instances of bad faith include denying your personal injury claim, not communicating important information with you, or not offering enough compensation.

Recognizing Bad Faith Insurance with Your Personal Injury ClaimAny of these actions could hurt you financially. Denial of your claim means you will receive nothing in compensation, failure to communicate could lead to careless mistakes, and offering too little compensation can force you to pay for expenses that can put you in debt. Some insurance companies may accept your claim initially, but will delay paying you what they offered for a long period of time. This can make some people late on paying their bills.

The reason some insurance companies practice in bad faith is that they are businesses. They help people in return for profit, but anytime they hand out compensation, they lose profits. This is why many supervisors at insurance companies will discourage or even penalize employees for offering too much compensation to customers.

How To Handle Bad Faith Insurance

If your attempts at negotiating with the insurance company have failed, there may be only one other option: to file a lawsuit against the insurance company. This process often runs smoother with a lawyer. Lawyers have the training needed to understand alternatives to obstacles that can prevent you from receiving fair compensation.

They also possess negotiation skills and experience in dealing with bad faith insurance companies and personal injury claims. A lawyer will be able to help you collect the documents you need to prove in court that you are entitled to more compensation in the event that an insurance company cheats you. The majority of documents your lawyer will have you submit to the insurance company will be evidence-based. Common types of evidence your lawyer will collect will include witness testimonies, police reports, medical records, and photographs of the accident.

If the insurance company refuses to cooperate with your lawyer, your lawyer has the power to move your case to trial and will represent you in court.

Car Accident Attorney In Oklahoma

Personal injury expenses like medical bills, lost wages, and vehicle damages can put almost anyone in a financial crisis, but this may not have to be you. Contact the Law Firm of Griffin Reynolds at (405) 721-9500 to speak with an experienced Oklahoma car accident lawyer. You may be eligible for compensation that can cover physical and psychological injuries after the accident in addition to pain and suffering. Our law firm provides clients free consultation for car accidents and nursing home abuse.