Policyholders who pay their premiums faithfully expect that their insurers will fairly and promptly pay their claims. Insurance companies have a duty of good faith. They also have a duty to fair dealing to their policyholders. Insurance companies cannot refuse to pay out for a valid claim that is covered under an existing policy.
Nevertheless, insurance companies are in business for profit and frequently look for reasons to deny coverage or underpay on claims. If your insurer has wrongfully denied your claim, contact The Fang Law Firm in Denver today. Our experienced Denver denied wrongful death claim lawyers can help you pursue the compensation you deserve.
After wrongful denial of an insurance claim, consult with an experienced attorney as soon as possible. Our Denver denied wrongful death claim attorneys can help define the coverage you have, negotiate skillfully with the insurance company on your behalf, and fight for the compensation you deserve in court, if necessary. We have experience with insurance companies and understand the tactics used to deny claims. Our Denver personal injury lawyers also have proven results, with a 98% success rate.
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, including:
If your claim is wrongfully denied, 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. 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 state law, damages in a bad faith claim are two times the denied or delayed claim benefits, plus attorney fees and court costs.
It can be frustrating after you have faithfully paid your premiums, and coverage is wrongfully denied when you need it. If you have been the victim of a wrongful claim denial, contact The Fang Law Firm right away. Our Denver denied wrongful death claim lawyers are dedicated to protecting the rights of our clients and holding insurance companies accountable for insurance bad faith.