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Denver Insurance Bad Faith Lawyer

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.

What is Insurance Bad Faith?

There a two general forms of insurance bad faith. These 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.

“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.

Why Choose The Fang Law Firm for Insurance Bad Faith Cases?

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:

  • A dedication to you and your case, from start to finish
  • Our cases are handled by our Denver personal injury attorneys, who will give you their undivided attention – we do not employ legal assistants or paralegals.
  • Over 10 years litigating more than 10,000 combined cases, and an impressive track record, with a 98% success rate.
  • Our commitment to staying in close communication with you, promising to return calls within 24 hours.
  • Our cases are represented on a contingency fee basis. You will not owe any legal fees until we reach a settlement or win your case.

Why You Need an Attorney

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 to discover if your insurance company is acting in bad faith, and if so, hold them accountable.

Types of Insurance Bad Faith

Insurance bad faith cases can be based on various types of actions by an insurance company. Actions may include, but are not limited to:

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.

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.

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.

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.

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 Bad Faith Insurance 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:

  • 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.
  • 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.
  • 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.
  • 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.
  • 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.

Contact The Fang Law Firm for Help

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. 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, 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.