Tag: Bad Faith Insurance
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COVID-19 and Bad Faith Insurance Claims
Read more: COVID-19 and Bad Faith Insurance ClaimsThe novel coronavirus (COVID-19) outbreak has changed the world as we know it, including business insurance coverage. Many companies have struggled to keep their doors open due to stay-at-home orders and lack of income. Unfortunately, even with programs such as the Paycheck Protection Program, businesses…
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Cancelation: Understanding This Claim Avoidance Tactic
Read more: Cancelation: Understanding This Claim Avoidance TacticWhen you file an insurance claim on a policy, your insurance company will either pay your claim, deny it or even cancel your policy. Sometimes, insurance companies act in bad faith, canceling your policy without proper cause in an attempt to avoid claim payment. Cancelation:…
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What You Win in a Successful Bad Faith Insurance Claim
Read more: What You Win in a Successful Bad Faith Insurance ClaimDamages Available in Texas Bad Faith Litigation The Texas Insurance Code is fairly straightforward when defining an insurance company’s obligation to an insured. The company owes the insured the duty of good faith and fair dealing, along with a commitment to promptly pay valid claims.…
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Acting in Bad Faith: Tactics Insurance Companies Use to Delay Claims
Read more: Acting in Bad Faith: Tactics Insurance Companies Use to Delay ClaimsYour insurance company has a legal obligation to compensate you fairly in the event of property damage, a health issue or another unforeseen circumstance. But all too often insurance companies put their bottom line ahead of the law. They find reasons to delay claims unfairly…
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With Storm Season Here, Texans Should Know Insurance Truths
Read more: With Storm Season Here, Texans Should Know Insurance TruthsPeople all across the country, and here in Texas specifically, see the segments every night on the evening news. Severe weather causes damage all over this time of year. Tornadoes, heavy rain, strong winds and hail create dangerous conditions—and storm damage to people’s property. Just…
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Do You Have a Valid Bad Faith Insurance Case?
Read more: Do You Have a Valid Bad Faith Insurance Case?When the unknown happens around you and your family, you should be able to rely on your insurance company to hold up their end of the deal. Sometimes, insurance companies deny or delay valid claims, also known as acting in bad faith. What Does Bad…
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When Your Health Insurance Company Won’t Pay For Your Care
Read more: When Your Health Insurance Company Won’t Pay For Your CareIf your insurance company notifies you that it won’t pay for care that your doctor says you need, it can be frightening. It’s almost overwhelming to think about trying to fight them. You’ve paid for insurance and worked hard to make payments on-time. Health insurance…
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Commercial Insurance and Smoke Damage: Is It Covered?
Read more: Commercial Insurance and Smoke Damage: Is It Covered?Have you experienced smoke damage due to a fire within your commercial business? Or, did a fire in the business next door cause smoke damage to your property? If so, you might be wondering if your commercial insurance policy will cover proper cleaning and maintenance.…
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Life Insurance Denial Creates Stress in an Emotional Time
Read more: Life Insurance Denial Creates Stress in an Emotional TimeFollowing the loss of a loved one, you are living in a new world. It is a world without that long-time companion. It is a world without your spouse, a world without the father of your children. And at a more logical level, it is…
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The Most Common Reasons for Commercial Insurance Claim Denials
Read more: The Most Common Reasons for Commercial Insurance Claim DenialsCommercial insurance protects businesses in the event of property damage from fires, water leaks, vandalism, and other events. It should provide the financial resources for restoring the business to pre-loss conditions while maintaining it during repair. Unfortunately, many business owners never receive this compensation. Their…
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A Commercial Insurance Claim Denial Is Not a Cost of Doing Business
Read more: A Commercial Insurance Claim Denial Is Not a Cost of Doing BusinessIf your commercial insurance carrier denied your claim, you are not alone. Businesses regularly lose millions of dollars because of denied insurance claims. Moreover, businesses whose carriers denied their insurance claims lose more than money. They expend time and effort fighting their insurance carrier—time and…
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Understanding depreciation and cost of damage
Read more: Understanding depreciation and cost of damageWhen Texas residents incur property damage, they may naturally assume that their insurance company will cover the damage. What people may not realize, though, is that they are responsible for determining the cost of the damage their property has incurred. It is important for people…
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