Misrepresentation by an Insurance Broker or Agent
When you’re shopping for insurance coverage to protect your home or business, you rely on insurance agents and brokers to provide honest and accurate information about the policy. Unfortunately, some brokers prioritize making a sale over protecting your best interests. When an insurance agent misrepresents a policy, either through false promises or misleading information, it can result in devastating financial consequences—and may be grounds for a bad faith insurance claim.
At Grisham & Kendall, PLLC, our experienced Texas bad faith insurance attorneys help policyholders hold brokers and insurers accountable for deceptive practices. If you’ve been misled about your coverage and left without the protection you were promised, contact us today.
My wife and I thought we were heading into a complicated legal odyssey with a destroyed commercial property until we hired Bill Kendall. His sustained focus and hard work was so effective that we had a great settlement within hours of the first deposition.
Our large hotel was severely damaged by hail. After significant delays by the insurance company, our claim was denied. We hired Bill Kendall and Grisham & Kendall soon after. Through Bill’s efforts during our lawsuit, we were able to reach a favorable settlement close to trial. We would certainly recommend Grisham & Kendall, PLLC to any property owner whose insurance company isn’t treating them fairly.
Problems with Policy Misrepresentation
An insurance agent should provide truthful information to prospective clients when trying to sell a policy or increase coverage on an existing policy. They may cause serious financial problems for their customers in the future and are likely violating the standards they’re obligated to uphold when they commit the following:
- Misrepresenting the extent of damages covered
- Misrepresenting deductible thresholds
- Misrepresenting the amount of coverage provided
- Misrepresenting non-property coverage, such as lodging expenses after home damages
An agent should know clearly what is and isn’t included in the policy and accurately present this information to a prospective customer before asking them to sign a contract. Failing to disclose accurate policy information can be considered bad faith and may be grounds for legal action if this misrepresentation results in an unexpected lack of adequate coverage for damages.
See Also: Insurance Agent Negligence
Contact Us
If your property has been damaged and you haven’t received the coverage you were told would be provided by a broker or agent, these insurers may be held responsible for their misrepresentation. To learn more about the legal process involved in pursuing a bad faith insurance claim, contact Grisham & Kendall, PLLC, today by calling (713) 999-5085.