Will your insurance company pay on a claim?

Some insurance companies don’t have the best reputation when it comes to payments on claims or acting in the best interest of their customers.

Everyone pays for some form of insurance or another and there are a variety of loan products and laws on the books that require us to purchase certain types of insurance, such as automobile liability and homeowners insurance. Hiring a skilled attorney can help if your insurance company acts in bad faith and will not honor their contract to pay a claim.

In 1973, the Texas legislature enacted the Texas Deceptive Trade Practices Act – Consumer Protection Law, to protect consumers against false, misleading and deceptive business practices and includes breaches of warranty and unconscionable actions. Under this law, a consumer is defined as “a person who seeks or acquires by purchase or lease any goods or services.”

Insurance companies readily accept your hard-earned money, but when you have a claim, time stands still and money doesn’t always flow back where it should. They use stall tactics and argue about details, all in hopes the consumer just gives up on his or her claim.

Insurance companies act in bad faith all the time, but what does that really mean? You have a bad faith claim against an insurance company if a company refused to pay a claim it was legally obligated to pay. The problem is it’s difficult for the average consumer to know when this occurs. That’s where an experienced attorney can help.

If you think you are getting the runaround from an insurance company, are treated unfairly, or have been unjustly denied a claim, you may have some recourse. Insurance companies are all about the money coming in and not paying it out. The company’s bottom line is the priority, not you. If you think you have been treated unfairly by an insurance company, Peter & Lanzillo can help