Our firm was founded on the principle of leveling the playing field with insurance companies by influencing the manner in which insurance companies handle claims in Oklahoma through the services and results we provide for our clients.
For decades, insurance companies have lobbied to prevent oversight by a federal agency and, with severe budget limitations to most state agencies, insurance companies are able to handle claims with virtually no accountability other than through the courts.
Due to the vulnerability of an insured after a loss and the unique nature of insurance, Oklahoma law places additional obligations on an insurance company when an insured suffers a loss to ensure prompt and timely payment of benefits.
SOME EXAMPLES OF WHAT AN INSURANCE COMPANY MUST DO WHEN HANDLING A CLAIM ARE:
- Assist an insured with the claim;
- Advise its insured about the parts of the insurance policy that are pertinent to the claim;
- Promptly and thoroughly investigate a claim;
- Reasonably interpret policy language;
- Promptly pay valid claims; and
- Fully compensate an insured for a loss.
When insurance companies unreasonably withhold their obligations under an insurance policy, an insured may be able to recover bad faith damages. This means that not only can an insured recover what should have been paid under the insurance policy, but also for any financial losses, embarrassment, frustration, stress, mental pain and suffering, and disruption to an insured’s life that occurred because the insurance company did not do what an insured paid them to do. Punitive damages can also be obtained in bad faith litigation.
DO YOU NEED HELP WITH A BAD FAITH/ INSURANCE COVERAGE LAWSUIT?
Oklahoma bad faith law is a highly complex and involved practice area that takes a great deal of experience, resources, and knowledge to maximize the results for you. It’s important that you know when your insurance company is acting in bad faith and, if they are, what steps we can take on your behalf.
All initial consultations are free, and we don’t charge any up-front fees for representation. We handle all fees on a contingency basis, meaning that unless we’re successful, you don’t have to pay us. If you have further questions, our Fulmer Sill team is always willing to talk through your situation to help you understand what legal options you have regarding your claim. Please contact us at (405)510.0077 for a free consultation.