Denver Insurance Bad Faith Lawyer

Denver Insurance Bad Faith Claims Lawyer in Colorado

Insurance bad faith involves a situation in which an insurance company fails to deliver as promised under the terms of a policy in Colorado. We pay for insurance to protect against severe financial losses after an injury accident or other problem. If you have consistently paid your premiums, it is shocking to be informed that you were not covered. A delayed or denied claim can be a financial disaster for an injured victim. The insurance company may not be operating in good faith.

After your free case consultation on your Denver insurance bad faith and accident relating to personal injury, we will diligently fight for your behalf. We’ll navigate the Colorado insurance bad faith legal system and let you know when there are things you can do to strengthen your case as your attorney. Our firm will provide you your own Denver insurance bad faith lawyer and will take as much of the strain and process, so you don’t have to worry anymore.

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In the State of Colorado recognizes a common law cause of action for bad faith against a first-party insurer aka insurance company or carrier.

In order to maintain a bad faith claim, an insured must prove that: The insurer’s conduct was unreasonable under the circumstances; and The insurer either knowingly or recklessly disregarded the validity of the insured’s claim.

An insurer will be found to have acted in bad faith only if it has intentionally denied, failed to process, or failed to pay a claim without a reasonable basis. In assessing a bad faith claim, the reasonableness of an insurer’s conduct is measured objectively based on industry standards.

Consultation

We meet with you or your loved ones as soon as possible after your insurance bad faith by your insurance carrier in Denver Colorado. Our team will gather the evidence needed to build your case. The initial process usually involves your opening your insurance claims, evaluating and updating the damages you incurred, and fully exploring possible sources of compensation for your injuries. We can also assist you in finding medical or financial assistance and finding the best providers to fit your individual needs. If you are financially due in an Denver insurance bad faith or accident speak with our personal injury attorneys in Colorado for a free consultation.

Evaluate

A major insurance bad faith resulting in an insurance carrier in Denver Colorado can cost you a fortune in medical fees, lost wages, and property damage. It could also cause pain and suffering, as well as possible impairment. We’ll coordinate with your insurance company to help get you compensation for these economic, non-economic and punitive damages.

Representation

If the at-fault party’s or your own insurance company refuses to provide you with a proper settlement, we won’t hesitate to help you file a lawsuit against them. Our attorneys in Denver Colorado provide aggressive legal representation to help make sure you get the financial and medical reparation you deserve.

Settlement vs Trial

The final decision to settle in an insurance bad faith or accident case is entirely the client’s decision. We understand that this can be a daunting decision. Our lawyers at Larson Larimer Schneider will discuss with you the fairness of the insurance company’s settlement offer and the potential risks and advantages of moving forward with a lawsuit. We will be available to answer any questions you may have.

CASE INQUIRY FORM

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What is exactly an Denver Insurance Bad Faith Claim in Colorado?

Bad Faith refers to an insurance company failing to act in good faith in Colorado. Good faith means acting in a reasonable manner in processing a claim, investigating a claim, or paying a claim. An insurance company has a duty to act in good faith and fair dealing with its policyholders. When this duty is breached, you have the right to file an insurance bad faith claim. There are two forms of insurance bad faith they include:

  • First-Party Bad Faith Insurance Claims. Your own insurance provider fails to pay a legitimate claim, or to properly investigate a claim
  • Third-Party Bad Faith Insurance Claims. Your insurance company unreasonably fails to investigate or defend you against a claim filed against your policy by another party
What are your legal options for an Denver Insurance Bad Faith Claim in Colorado?

As for insurance bad faith cases in Colorado they can be based on numerous types of actions against an insurance company. Some of these actions may include, but are not limited to:

  • Failure to Investigate Claims. An insurance company is required to investigate a claim. Failing to do so in a timely manner, for any reason, may be an act of insurance bad faith. This could include failing to investigate a claim filed by another against your insurance policy
  • Failure to Cooperate Claims. An insurance company may allege that an insured person “failed to cooperate”. An insured individual is required to cooperate with the insurance company, but they may use this excuse unfairly, alleging falsely that you were uncooperative in some way. When this reason for failing to pay a claim is used in a manner simply to avoid paying claims, the insurance company must be held accountable
  • Failure to Evaluate Claims. Your insurance company is required to fully evaluate your claim. Subsequently, they must pay you in full under the written terms of your policy. When you file a claim, you expect to be paid under the terms of the legal contract. When your claim is not evaluated by your insurance company, leading to a denial or being paid far less than your contract states, you have a case of insurance bad faith – a failure the company’s duty to act in good faith with its policyholders
  • Failure to Settle Claims. When an insurance company fails to settle a suit against you, it can constitute bad faith. In some cases, an insurance company does not settle a claim under the limits of your policy. Insurance companies are required to act in the interests of the insured person when engaged in settlement negotiations with a claimant
  • Failure to Defend Claims. In some cases, an insurance company fails to defend a policyholder. When a third party files a claim, the insurance company is required to defend against the claim. If it fails to do so, it may be insurance bad faith
  • Unwarranted Denial of Coverage. When your insurance company informs you that for your specific type of claim you were not covered, or denies paying a valid claim, the insurance company may be acting in bad faith and a legal case can be brought against that company
  • Wrongful Claim Denial. When an insurance company unfairly denies a claim, failing to deliver under the terms of an insurance policy, it may be a case of insurance bad faith. These cases vary widely, but in general terms, if you were told that you were not covered when you believed you were, an insurance bad faith claim may be possible
  • Negligent Defense Claims. If the defense against a claim was poorly performed by the lawyers enlisted by your insurance company, you may have an insurance bad faith claim
How do I file a Denver Bad Faith Insurance Claim in Colorado?

Under the State of Colorado Bad Faith Insurance law, an insured party must be treated fairly. An insurance company or insurance carrier has a duty to act in accordance with the terms of your policy. To file an insurance bad faith claim due to your Insurance Company involves several steps:

  • First Process. A full review of the terms of your insurance contract performed by an experienced insurance bad faith lawyer who can identify any failure to act in good faith in paying a claim
  • Second Process. The collection of all necessary documentation to support your claim, including photographs, reports, receipts, estimates, and communications you have had with your insurance company by email, letter, or in a written log of calls, to whom, and what you were told
  • Third Process. Full documentation from the insurance company explaining why a claim was denied, with documentation of interactions with your insurance company about the claim, including logs of conversations, with whom, along with date and time
  • Fourth Process. A written demand letter is sent to the insurance company, stating that you intend to file a bad faith insurance case should your claim not be paid in a timely manner. The insurance company has a limited time in which to respond to a demand letter. Our Denver insurance bad faith attorney will draft and send a demand letter on your behalf
  • Fifth Process. A complaint is filed with the Colorado Department of Insurance. This agency protects the rights of consumer. They must be informed if an insurance company has failed to faithfully honor the terms of an insurance policy