Homeowners and business owners pay monthly insurance policy premiums to provide financial protection in case of a natural event, flooding, theft, vandalism, or other property damage. When your property is damaged, you often expect to receive payment to help you recover your losses. After years of paying premiums to your insurer, it is only fair that they compensate you as outlined in the terms of your policy.
Unfortunately, sometimes insurers attempt to avoid paying on valid insurance claims filed by their policyholders. When they do so, they may be held legally accountable for acting in “bad faith”.
An insurance company can be found liable for bad faith when it purposely avoids paying on a valid claim. Denying, delaying, or underpaying a claim all qualify as acts of bad faith. Bad faith considered to be fraud, and insurance companies who intentionally deceive their policyholders can be sued to recover payment for losses caused by a company’s bad faith.
When a company acts deceitfully and causes harm, those who are affected have the right to take legal action to recover compensation for their costs. If you believe that your insurer has acted in bad faith, don’t hesitate to consult with an experienced Dallas insurance bad faith lawyer as soon as possible. We can help you initiate your case against your insurer and will pursue a beneficial resolution either in or out of the courtroom.
To discuss your bad faith insurance claim with a trusted Dallas insurance lawyer, don’t hesitate to contact Smith Kendall, PLLC, today at 214-361-6124.