When you are injured or experience a disastrous event, you expect your insurance company to provide the protection you pay for. Unfortunately, many insurance providers use every tactic possible to delay payment, under-value your claim, or deny it altogether. Bad faith insurance law is one area where The O'Connor Law Firm excels. When you need a Kansas City insurance law and bad faith lawyer, it is vital to choose an attorney who understands insurance, how these companies work, and who will fight vigorously to secure the full benefits you deserve under the law.
While the majority of insurance companies operate in an ethical manner, others focus more on profiting from their clients' misfortune or pain by negotiating low-ball offers. The fact is, insurance providers are bound by law to provide service to clients that is fair and ethical. When an insurance company denies a legitimate claim or negotiates in "bad faith," it is illegal.
To put it simply, bad faith insurance laws are created to protect consumers from practices that are unethical. While laws and regulations are governed by the state, in the U.S. most jurisdictions have laws that provide protection for consumers by ensuring insurance companies practice in good faith and deal in a manner that is fair to those they insure.
Why do some of these companies operate in a way that is unethical? Keep in mind that insurance providers make money by investing the monthly premiums collected from policyholders; they do not profit from paying out clients' claims. By minimizing claims or denying the claimant payment altogether, insurance companies can keep more money in their own pockets.
At The O'Connor Law Firm our Kansas City bad faith insurance lawyers have substantial experience and success in handling cases involving unethical insurance companies who disregard the law and act in bad faith. For a free consultation regarding your case and potential legal options, contact us immediately at 816-842-1111.