Whether filing a new insurance claim or appealing a denied claim, it is in your best interests to hire a skilled attorney. Our insurance claim lawyers at Morgan & Morgan have decades of experience handling insurance claims in and out of the courtroom. After carefully assessing your case, our legal team will strive to obtain maximum compensation for you and your family through careful settlement negotiations, or fierce litigation. Fill out our free case evaluation form today.
Causes of insurance disputes in Memphis
Are you filing an insurance claim in Tennessee? Unfortunately, disputes occur frequently and often stem from an insurer’s reluctance to immediately honor a consumer’s policy. You may be able to avoid a disagreement regarding your claim by becoming aware of the following common causes of insurance disputes:
- Misunderstanding of coverage limits — In some insurance disputes, the problem arises from the insurer and consumer interpreting policy contract wording in conflicting ways.
- Loss assessment differences — One of the most common reasons insurance disputes occur is because the consumer and insurer evaluate a claim differently. In your case, your insurer may offer you a “low-ball” settlement — an amount significantly lower than what your claim is worth — to resolve your case quickly and cost effectively
- Denial of valid claims — Many insurance disagreements occur because insurers deny valid claims. Having your Memphis insurance claim denied is not the end of your case. With the help of an experienced attorney, you may be able to file an appeal or negotiate a settlement.
Bad faith actions in Tennessee
In Robert Steven Johnson v. Tennessee Farmers Mutual Insurance Company, the Supreme Court of Tennessee found that bad faith is “…defined, in part, as an insurer’s disregard or demonstrable indifference toward the interests of its insured.”
Thus if your insurer’s refusal to pay your claim is not in good faith, under Tennessee law you are entitled to any loss and interest on the bond, an amount no more than 25% on the liability for the loss, attorney fees, and other injuries. To prove an insurer acted in bad faith, you must show the following:
- Your insurance policy is payable
- Your insurer’s refusal to pay your claim was not in good faith
- You filed a formal notice demanding payment from your insurer
- 60 days have passed since you demanded payment from your insurer
Contact reputable insurance dispute lawyers in Memphis
You should not have to haggle with insurers to obtain your rightful compensation. Whether you need help filing or appealing a claim in Memphis, we at Morgan & Morgan are ready to uphold your rights. To discuss your case with one of our experienced attorneys, contact us online.