According to Oklahoma law, insurance bad faith is “an independent tort upon which an insurer could be held liable for both compensatory and punitive damages for the delay or denial in payment of a claim not reasonably in dispute.” But how can you tell if an insurance company is acting in bad faith and is […]
Insurance companies are supposed to protect your financial best interests in the event that something should happen to you or your property. However, despite the very purpose of their existence, many insurance companies make it difficult for policyholders to file successful insurance claims. Some companies even go so far as to deny policyholders their rightful […]
Filing claims with insurance companies are meant to be confusing. The insurance company benefits when someone doesn’t understand the entirety of the form they are filling out or the information necessary to complete the form. In some cases, out of confusion, someone may omit information that would have either denied them a policy in the […]
Insurance companies are there to help make sure that your home is covered in case of damage. One thing that is very confusing to some policyholders is the difference between types of insurances. If your home sustained water damage in a flood, then you might think that your regular homeowner’s policy would cover any of […]
One of the most frustrating things to go through after having your home burned and destroyed in a fire is having to work with the insurance company. Every step is arduous. The steps taken to get your claim processed: the paperwork, the phone calls and the process itself can be beyond overwhelming. It isn’t always […]
You regularly hear of health insurance and auto insurance claims being denied, but it is not often that you hear of a life insurance claim denial. After all, what argument would a life insurance company give to not pay out a claim upon a policyholder’s death? Unfortunately, some life insurance companies will cite any reason […]
A lot can happen to your car while it is parked, from a tree falling on it to a flood washing it into a building or other parked vehicles. Because of this, it is important that you have the coverage necessary to repair or replace your car in the event that it is just sitting […]
Mother nature is highly unpredictable, making it very difficult to plan for damages and emergencies caused at her expense. Oklahoma is known for having severe hailstorms that wreak havoc on homes, businesses, and cars. Fortunately, insurance carries throughout Oklahoma offer hail damage coverage. Unfortunately for them, hailstorms are difficult to predict, causing them to lose […]
Many people—especially first-time homebuyers—purchase home warranty plans, which are supposed to cover certain issues that come up in the house, such as plumbing or air conditioner problems. In fact, in some areas, even your real estate agent may purchase it for you when you buy your home through them. For many, it’s peace of mind […]
On December 16th, the Federal Trade Commission (FTC) finalized consent orders with GM and other auto dealership chains—Lithia and Koons—allowing them to advertise unrepaired, recalled used cars that still have dangerous safety defects as “repaired for safety” and having passed “rigorous inspections.” This is done through what are called “disclosure requirements”; requirements that many consumer […]