What Can I Do If My Insurance Company Lowballs My Claim?
A damaged home or other property loss can be a devastating financial loss. It can also put you in a situation where you need immediate help. This is the reason we carry insurance: to replace the loss quickly and move on with our lives. Unfortunately, insurance companies sometimes take advantage of people when they are at their most vulnerable. One of the ways they can do this is by lowballing your claim.
At Duffield, Lovejoy & Boggs, Attorneys at Law, in Huntsville, we understand the frustration our clients feel when their insurance companies do not deal fairly with them. If your insurance company has delayed paying your claim or has a made a lowball settlement offer, we offer a free initial consultation to discuss your case. We serve clients in West Virginia, Ohio and Kentucky.
What Is Lowballing?
Lowballing refers to an attempt by an insurance company to pay you less than is reasonable for your property damage claim. For example, if all available evidence suggests that your claim is worth $100,000, and the insurance company offers you $60,000, it may be guilty of lowballing.
What Are My Legal Options If My Insurance Company Lowballs My Claim?
Your insurance company owes you certain duties because you paid it premiums. Among those duties are to act in good faith and deal with you fairly. For example, if your home is damaged, your insurance company has a duty to fairly evaluate the damage and make a good faith offer to settle your claim. If instead the insurance company makes a settlement offer that is unreasonably low, it may be violating its duty to you. In this case, you may have a legal claim for insurance bad faith, in addition to your underlying claim for property damage.
Our lawyers advocate for clients in matters involving their auto, homeowners, boat and other types of policies. We will investigate the circumstances, review your policy and determine the best strategy for obtaining fair value for your claim. This can involve negotiations with the insurance company or filing a lawsuit against it.
Contact Our Insurance Bad Faith Attorneys
Our Huntington lawyers help clients whose insurance companies treated them unfairly. Please contact Duffield, Lovejoy & Boggs, Attorneys at Law, to discuss how we can assist you.