Bad Faith Insurance Lawyer Near You

Insurance is meant to be a safety net to protect individuals when the unexpected happens. When people purchase insurance policies, they trust that their insurance company will act in good faith and fulfill its obligations in the event of a claim. Unfortunately, some insurance companies engage in bad faith practices, denying or undervaluing legitimate claims, barring people from getting the proper compensation they need to move forward after an accident. In Colorado, people who are facing such situations can turn to the expertise of a bad faith insurance lawyer to help protect their rights and seek fair compensation.

At the Law Offices of Rodemer | Kane, we have the knowledge and experience to go up against insurance companies that would attempt to use bad faith practices to lessen or deny your claim after you’ve been involved in an accident. If you have been in an accident and are now battling with your insurance company, contact our Colorado Springs law office online of call 719-635-7886 to book a free case consultation.

What Does Bad Faith Insurance Mean?

Bad faith insurance refers to the unethical practice of insurance companies handling claims incorrectly to reduce the amount of payout they are expected to provide. When you make a claim with your insurance company, it is expected that the insurance company pays you the proper amount within a reasonable period of time. Insurance companies are legally obligated to act in good faith, this means that they must reasonably and promptly investigate, evaluate, and settle insurance claims that are submitted to their organization. When an insurer unjustly denies a valid claim, undervalues a claim without proper investigation, or engages in other deceptive practices, it may be considered bad faith.

Examples of Bad Faith Insurance Practices

Bad faith claims can refer to more than just claims that have been denied without merit. There are a number of items that could be considered bad faith insurance practices, some of the most common include:

• Unjustified Denial of Claims – The most common bad faith practice is a flat out denial of a legitimate insurance claim. Insurance companies may deny a claim without a valid reason or proper investigation, which violates the policyholder’s rights, and for which they should be taken to task.
• Delaying Claim Processing – When you’ve been in an accident, you want help as quickly as possible. Deliberate delays from your insurance company or other parties’ insurance companies when processing a claim, such as refusing to answer the phone or respond to emails, can cause financial strain, especially in situations where immediate action is required, like paying for medical bills or vehicle replacement.
• Undervaluing Claims – Insurance companies are expected to assess all insurance claims fairly and accurately. Undervaluing a claim without justification is considered a bad faith practice that an experienced lawyer will fight against.
• Failure to Investigate – When an insurance company insufficiently investigates a claim made to their organization, it can lead to a wrongful denial of a claim or a settlement that does not provide adequate compensation to address the policyholder’s losses.
• Misrepresentation or Deception – Providing false information to clients, misrepresenting policy terms, or engaging in other deceptive practices are considered bad faith insurance practices as well.

When insurance companies engage in deceptive or unfair practices that result in improper delays, reductions, or denials of your claim, Colorado law protects you. 

Why You Need A Bad Faith Insurance Lawyers in Colorado

If you are dealing with an insurance company that has wrongfully denied your insurance claim or grossly undervalued the settlement offer it is highly advised that you reach out to a bad faith insurance lawyer near you. Bad faith insurance lawyers have expertise in insurance law and understand the complexities of insurance policies. They are used to dealing with insurance companies and are aware of the tactics insurance companies will use to try to lessen a claim.

Personal injury lawyers who deal with accident settlements also have the knowledge of different types of accidents to more accurately evaluate the details of an insurance claim and determine whether the insured party is being offered an unfair settlement. They can help to ensure that the claim is being handled appropriately and that the policyholder’s rights are upheld.

Another reason to retain the services of a bad faith insurance lawyer is to help with negotiations on behalf of the policyholder. They can communicate effectively with the insurance company to address concerns and push for a fair and just resolution. And in cases where negotiations fail, a bad faith insurance lawyer can file a lawsuit against the insurance company and represent the policyholder in court if necessary. Ultimately, a Colorado personal injury lawyer will strive to maximize the compensation a policyholder receives by whatever means necessary.

Colorado Law 10-3-1115 Provides You with Protection

Your Colorado bad faith insurance lawsuit is a civil claim broken into two parts. The first element is when you as the insured party demands fair payment for the amount that you should have received under your policy. The second element of making a claim is adding an additional claim for the insurance company’s bad faith actions in their unreasonable denial or underpayment of your claim. 

When it comes time to file a claim for a bad faith insurance loss, reaching out to an experienced Colorado bad faith insurance attorney can be especially helpful. The experienced bad faith insurance claim lawyers from Rodemer | Kane has years of experience accurately calculating clients’ proper claims, then holding the insurance company accountable for the full amount owed. 

Contact A Bad Faith Insurance Lawyer Near You

Bad faith insurance lawyers in Colorado play an important role in holding insurance companies accountable for their actions. Policyholders facing unjust denials or undervalued claims should seek legal representation to ensure their rights are protected and to pursue the compensation they rightfully deserve. If you have been injured in an accident and are dealing with troublesome insurance companies or have any more questions about bad faith insurance in Colorado, please contact the Law Offices of Rodemer | Kane to book a no obligation free case consultation. We are happy to work with you and answer any questions you might have.

To learn how we can help through a brief risk-free, cost-free initial consultation, give us a call at 719-437-7286, or visit our site to schedule a consultation. If you or a loved one has been injured in an accident, our Colorado Springs personal injury attorneys are here for you.

Seeking compensation for serious injuries caused by others? Contact one of our catastrophic injury lawyers near you.