At The Fang Law Firm, our Denver insurance bad faith lawyers hold insurance companies accountable for their actions. Insurance bad faith involves a situation in which an insurance company fails to deliver as promised under the terms of a policy. 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.
At The Fang Law Firm, our Denver insurance bad faith attorneys operate differently than most other law firms. We are civil litigators and trial attorneys who have chosen to establish a law practice built around serving our clients. We are experienced litigators for insurance bad faith cases, and highly professional in our approach. The benefits of being represented by our legal team include:
There a two general forms of insurance bad faith. These include:
“Bad Faith” refers to an insurance company failing to act in good faith. 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 various types of insurance policies insurance companies offer:
When an insurance company fails to pay a valid claim or fails to defend you against a claim, it can be difficult to know where to turn. You may have been informed that your specific claim was not covered by your policy. Often times, you will be told it is outlined somewhere in the fine print. When an insurance company fails to pay a legitimate claim, it leads to heavy financial consequences.
In these cases, it is imperative that you get legal representation from an experienced Denver insurance bad faith lawyer. At The Fang Law Firm, our team of litigators will review the terms of your policy limits to discover if your insurance company is acting in bad faith, and if so, hold them accountable.
Insurance bad faith cases can be based on various types of actions by an insurance company. Actions may include, but are not limited to:
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.
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.
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.
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 bad faith case – a failure the company’s duty to act in good faith with its policyholders.
When an insurance company unfairly denies a claim, failing to deliver under the terms of a life 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.
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.
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.
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.
Under Colorado law, an insured party must be treated fairly. An insurance company has a duty to act in accordance with the terms of your policy. To file an insurance bad faith claim involves several steps:
The Fang Law Firm has extensive experience in resolving insurance bad faith cases. We offer free case evaluations to assist you during this difficult time. Our Denver insurance bad faith lawyers know how to apply pressure on your insurance company and help you receive fair compensation. We also know what it takes to craft a case that can win in court or in settlement negotiations. If you are struggling with an insurance company that is failing to pay a valid claim, denying a claim, offering a low settlement, or delaying paying a settlement, our Denver insurance bad faith lawyers can help.
If you are being treated unfairly by your insurance company, contact The Fang Law Firm today for a free consultation.