Wrongful Claim Denials Lawyers in Colorado

The general public which are insurance policyholders who pay their premiums faithfully expect that their insurers will fairly and promptly pay their claims, however this is not always the case. Insurance companies have a duty of good faith. They also have a duty to fair dealing to their policyholders. These insurance carriers cannot refuse to pay out for a valid claim that is covered under an existing policy in Colorado.

After your free case consultation on your wrongful claim denials and accident relating to personal injury, we will diligently fight for your behalf. We’ll navigate the Colorado wrongful claim denials 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 wrongful claim denials attorney 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 for a Wrongful Claim Denial.

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.

We meet with you or your loved ones as soon as possible after your wrongful claim denials by your insurance carrier in 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 a wrongful claim denials or accident speak with our personal injury attorneys in Colorado for a free consultation.

A major wrongful claim denials 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.

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.

The final decision to settle in a wrongful claim denials 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.

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    Full Name
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    How Long Ago Did Your Wrongful Claim Denials Incident Occur?
    Were You Injured In Wrongful Claim Denials Accident?
    Description Of Your Wrongful Claim Denials Accident?
    What are your legal options for a Wrongful Claim Denial in Colorado?

    If your claim is wrongfully denied by the insurance company, you may have a claim against the insurer for wrongful denial. This can include when the insurance company refuses to settle in good faith when its liability has become reasonably clear and without a reasonable doubt. Insurance carriers, wrongfully denying a claim or delaying payment without a legitimate reason may constitute a breach of good faith and give rise to a bad faith insurance claim. Under Colorado State Law, specifically in Denver Colorado – such as damages in a bad faith claim are two times the denied or delayed claim benefits, plus attorney fees and court costs.

    What is exactly the Unfair Settlement Practices in Colorado?

    Under Colorado Statutes regarding unfair settlement practices, insurers have a duty to attempt in good faith to settle a claim that is covered by the policy when the insurer’s liability to a third-party is reasonably clear. Insurance companies are prohibited from engaging in unfair practices these includes:

    • Misrepresenting insurance policy provisions or pertinent facts regarding the coverage at issue
    • Refusing to pay a claim without conducting a reasonable investigation based on all available information
    • Failing to attempt in good faith to effectuate a prompt, fair, and equitable settlement of a claim in which liability is reasonably clear
    • Failing to promptly provide the policyholder with a reasonable explanation of the basis in the insurance policy in relation to applicable law or the facts for denial of a claim or offer of a compromise settlement