Insurance Overcharging or Refusing Coverage?
Get Help from a Class Action Lawyer
When we purchase insurance, we protect our loved ones and our assets. We answer application questions truthfully, and we pay our premiums on time. In return, we trust our insurance companies to provide fair and reasonable coverage under the terms of our policies and to charge us the correct premium.
Why then do some insurance companies take advantage of us and still get away with it?
When an insurance company fails to meet their obligations through consumer fraud or deceptive practices, you have two options: negotiate a resolution that is acceptable to both parties or file suit against the insurer. In cases where an insurance company unjustly refuses to pay on a covered claim, causing a significant financial loss, working with an experienced class action attorney can help you to recover fair compensation and possibly additional bad faith damages.
The class action lawyers at The Beckham Group settled statewide class actions against State Farm, Allstate, Farmers, and GEICO for violations of the Texas Insurance Code relating to claims procedures for automobile policyholders. They have also settled a nationwide class action against Nationwide for overcharging life insurance premiums. You, too, can and should take action to stop illegal and unethical insurance practices.
With the passage of the health care reform bill, many insurance companies are pursuing efforts to increase their profits while they still can. We find we are charged just a “little bit too much” on our premiums, along with thousands of other policyholders. The small overcharge does not seem to justify the time, effort, and expense of a lawsuit, but is illegal and unethical just the same. In this instance, the combined power of a class action proves to be economical and successful. If you believe your insurance provider is continually overcharging you on your premiums, it is very likely thousands of other policyholders are experiencing the same thing.
Some common unfair practices by insurance companies are:
- Bad Faith – Reckless disregard for your rights, failure to process a claim, intentional offer of settlement amount less than reasonable, delaying claims, making it more difficult for doctors to file claims
- Overcharge – Discriminatory charges to one group of policyholders, rate increase for something that was not your fault
- Misrepresentation – Regarding policy terms, conditions, extent of coverage, amount of interest paid to the insured
- Churning – Persuasion to replace or modify existing policy with a new higher deductible plan – as a new policyholder incurring higher premiums due to current age and health conditions
We purchase insurance to protect ourselves and help us recover from an accident, a fire, a storm, a serious illness, a business interruption, or other unpredictable event. When insurance companies fail to meet their obligations, and the protection we counted on is not there, the situation can feel overwhelming.
If you believe that you are a member of a large class of policyholders, or are a small or mid-sized business, victimized by the unfair practices of a large insurance company, you do have options. You may be eligible to recover the benefits of the policy along with all losses and damages suffered due to the insurance company’s action. Therefore, it is important to understand what steps to take and when to take them, to protect your rights and get the justice you deserve. An experienced class action attorney at The Beckham Group will assist you in determining whether to combine your contentions with others to make recovery more economically feasible.
Insurance companies that ruthlessly choose to make use of dishonest and unethical practices put our safety, our finances, or our futures at risk merely to increase their profits. Have your voice heard, help yourself, and help others. Contact a class action attorney at The Beckham Group today for a free consultation.