Insurance companies want you to believe that they’re your best friend. That’s why companies like State Farm, Farmers, and Allstate all have slogans promising that you’re in good hands and that they’ll be there when you need them.
In my two plus decades of experience as a plaintiffs’ insurance claims attorney, I have learned that that is not always the case – particularly when it comes to expensive claims.
The problem is this: insurance companies exist to make money. Not that there’s anything wrong with that – unless they fail to honor their customers policies when crunch time comes. Unfortunately, this happens all the time.
Generally speaking, insurance companies are pretty good about paying out the full and fair value of smaller claims, such as when a car suffers minor damage in a collision with a drunk driver. But when the fair value of a claim increase, the insurance company gets increasingly reluctant to offer anything approaching a fair settlement.
Property damage claims – whether a private home or a commercial or business property – often represent a major loss to insurance companies when the building in question has experienced significant damage, such as would occur after a tornado, fire, or even a heavy hail storm.
Consequently, most insurance companies will try to avoid paying the fair value (let alone the policy limits) for the full amount of damage that has occurred. When this happens, the consumer’s only option is to hire an experienced property damage lawyer to compel the insurance company to pay for the necessary repairs.
Insurance Disputes After Damage to Your Investment Property
Regardless of whether your damaged property was a residential house or a commercial property such as an apartment complex, hotel, strip mall, office building or other investment property, you deserve to be treated fairly by your insurance company. After all, you have paid for a specific service – you deserve to get what you’ve paid for when you actually need it.
If your insurance company is trying to cheat you, you must take legal action against them. This applies whether the insurance company fails to promptly pay or outright denies your claim, refuses to pay the full value of your claim, fails to conduct a reasonable investigation of your claim prior to denial, or requests excessive reporting of the damages incurred.
It is also possible to hire legal representation to assist you with insurance bad faith issues involving misrepresented coverage, unreasonable interpretation of policy language, insurance broker negligence, and insurance agent error.
For a free, no obligation consultation with a bad faith insurance property damage claims lawyer in Fort Worth, Texas please call the Anderson Law Firm at 817-294-1900.
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