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When it comes to dealing with bad-faith insurance companies, it can be overwhelming for victims. Insurance carriers have a duty to act in good faith when handling legal claims and disputes, but they often fail to do so. It is not uncommon for insurers to delay or deny claims for insurance coverage unfairly, or even refuse coverage altogether. This can leave policyholders feeling frustrated and helpless, as their attempts to receive the compensation from insurers that they deserve continue to fail.

If you feel that your insurance company has acted in bad faith to deny a legitimate claim, it is important to seek legal representation. Our bad faith insurance lawyers have the experience and knowledge necessary to evaluate your case and determine if the insurance company’s actions constitute a breach of their contractual obligations. 

Call our law firm today at (720) 770-5454 to speak to a Denver personal injury lawyer for a free initial consultation.

What is Bad Faith Insurance?

Bad faith insurance means that your insurance company is not fulfilling its legal obligation to properly investigate and process a claim in an honest and good-faith manner. This is in violation of both state and federal insurance laws, which require insurers to investigate claims in a timely fashion and offer appropriate amounts based on the economic losses and terms of the policy limits. Bad faith occurs when an insurer knowingly breaches these laws.

an insurance policy with glasses, a pen, and a calculator on top

The worst thing about bad faith insurance is that it cannot be easily remedied; simple mistakes from an insurance company do not qualify as bad faith and this is why legal representation can help identify a bad faith breach. Bad faith is only met if a company has acted deliberately in intentional disregard of its contractual obligations to the policyholder. It shows dishonesty on the part of the insurer, making it very difficult for those affected by bad-faith insurance to recover economic damages. Thankfully, there are many legal protections that help protect victims of insurance bad faith and can collect maximum compensation from insurance companies.

Types of Bad Faith Insurance Cases

Our legal team at Denver Car Accident Lawyers is equipped to assist with a variety of bad-faith insurance cases, ensuring that your rights are protected throughout the process.

Unfair Claims Practices

When purchasing an insurance policy, an agreement is signed with the insurance company stating that they are obligated by law to provide coverage for specific damages under predetermined circumstances. If an insurance company engages in unfair claims settlement practices, it may be an attempt to minimize costs by denying or restricting your claim.

two toy cars after a collision next to a gavel

Both the insured policyholder and the insurer in an insurance contract are expected to act reasonably and in good faith. However, it is a reality that bad faith tactics by insurance companies are more prevalent than commonly thought. Unfair claims practices are prohibited by law in all states. Consumers may need to take action by hiring a lawyer to ensure they are covered and receive a fair settlement from their insurance company.

Underpayment of Benefits or Claims

When it comes to insurance companies, underpayment of benefits or claims is considered bad faith. This type of behavior can have a significant financial impact on an individual and their family, making it important to take legal action if you feel your insurance company has had bad faith behavior. A Denver bad faith insurance lawyer can help individuals who have been the victim of underpayment of benefits or claims.

Delay in Payment of Benefits or Claims

Delay in payment of benefits or claims could result in financial and emotional hardship for policyholders. Unfortunately, some insurance companies use deceptive tactics to avoid paying out on valid claims. This is known as bad faith insurance practices, and policyholders have the right to take legal action against the company in such cases.

a Denver bad faith insurance lawyer speaking with a client about their case

When an insurance company acts in bad faith by delaying the payment of benefits or claims that you have rightfully earned, it is important to seek legal advice from a qualified Denver bad-faith insurance lawyer. A reputable attorney can help you fight your case and restore the damages caused to you due to the insurer’s unfair practices.

Refusal to Pay Benefits or Claims

When an insurance company refuses to pay benefits or claims that have been submitted, it is considered bad faith. If you are a policyholder in Denver and have had your claim denied by your insurance provider, then you may be able to take legal action against the company. 

Misrepresentation of Coverage or Policy Terms

Misrepresentation of coverage or policy terms is a common form of bad-faith insurance. It occurs when an insurance company incorrectly states the terms and conditions contained in an insurance policy, such as the scope and limits of coverage, or misrepresents the legal requirements for receiving benefits under the policy. This can leave people without adequate protection against losses.

Breach of Contract Obligations by the Insurer

When an insurance company breaches its contractual obligations, policyholders can bring a civil action against the company for bad faith. A breach of contract occurs when an insurance company fails to fulfill any of the promises it has made in a policy. These obligations may include processing and paying valid insurance claims in a timely manner, properly investigating a claim for damages, and providing the protection promised in the policy.

a lawyer working on their client's bad faith insurance case

The Role of a Denver Bad Faith Insurance Lawyer

When an insurance company acts in bad faith, a Denver bad-faith insurance lawyer can step in to protect the policyholder. A bad-faith insurance lawyer is responsible for representing and advocating on behalf of policyholders who have been wronged by the insurance corporation.

Investigating and Evaluating Possible Bad Faith Actions

When it comes to bad faith insurance claims in Denver, Colorado, it is important to investigate and evaluate the potential for a case. Bad faith claims can arise when an insurance company fails to honor its obligations under the contract with policyholders or breaches its duties of good faith and fair dealing. 

Negotiating with Insurers on Your Behalf

When you have been wrongfully denied a claim for benefits, our lawyers will fight for the compensation that you deserve. In many cases, this means negotiating with the insurance company directly. Unfortunately, insurance companies can be difficult to work with, but our experienced lawyers at Denver Car Accident Lawyers will negotiate on your behalf. 

Filing a Lawsuit Against the Insurer if Necessary

Filing a bad faith lawsuit against an insurer can be a daunting task, but there are times when it is absolutely necessary. If necessary, we will not hesitate to file a bad faith insurance lawsuit against the insurer. We will create a strong defense for your case and make sure that you get the financial compensation that you deserve. 

Advantages of Hiring a Denver Bad Faith Attorney

At our law firm, Denver Car Accident Lawyers, we understand how frustrating it can be when an insurance company takes advantage of its policyholders. Our firm is here to combat the powerful resources available to insurers and ensure that your rights are fully respected and defended. Our bad-faith lawyers are dedicated to helping make sure that you receive fair compensation for your losses without resorting to costly litigation techniques.

With legal strategies built up over years of service across the state, our team can help guide you through the process by providing key information regarding regulations and standards applied in claims settlements. In Colorado, policyholders can turn to our team of Denver bad-faith insurance attorneys in order to protect their interests in a time of need. 

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