You pay your insurance company steep premiums every month just to maintain coverage. When you are injured in a traffic collision, the at-fault party does not have enough coverage of their own to compensate you for your medical bills, let alone the injuries now disrupting your life. You then turn to your insurance company for the assistance you have been paying them for. Yet they do not return your calls for months. They continue to delay evaluating your claim. They make you an offer far less that a reasonable value for your claim. Now what?
Insurance companies are legally required under Colorado law to exercise good faith and fair dealing with regard to processing and evaluating policyholder claims. When insurance companies act in bad faith, you may file a claim to be compensated for any losses incurred.
Colorado law requires insurance companies to put the insured’s needs above their own and find a reason to pay out a claim if one exists. If an insurance company unreasonably denies coverage when it should exist, then it acts in bad faith and may be liable for any damages that result. In short, your insurance company has to look after you throughout the claim process.
Bad faith insurance laws are extremely complex and rife with technicalities. However, Colorado law outlines common examples of bad faith insurance, such as:
- Misrepresenting the facts of an insurance policy
- Failing to act upon communication from the insured
- Failing to assure or deny coverage within a reasonable time frame
- Refusing to pay claims without a reasonable investigation into the facts
- Failing to effectuate a fair and proper payout when liability is clear
- Attempting to settle a claim for less than what’s due
- Attempting to settle a claim based on an altered application
- Unreasonably delaying payment based on requiring unreasonable documentation
Do not take on a stealthy corporation like an insurance company on your own. They have teams of attorneys and years of experience in avoiding paying claims. They have mastered the art such that only highly skilled attorneys should pursue Bad Faith claims.
Our team has watched these laws develop and affect our client’s rights for decades. We have participated in organizations dedicated to developing better protections for our clients against corporations like insurance companies.
We have made a career out of litigating for our clients against these companies to ensure that no one can escape being held responsible for their actions, not even a massive conglomerate like an insurance company. We have fine-tuned our process and procedures based on anticipating the next move of the insurance company and being prepared well in advance. We will work from the very start of your case to protect your rights and be prepared for the inevitable denial from your carrier.
Don’t do it alone. They won’t.