Common Examples of Bad Faith Insurance Practices
The last thing you expect to happen when trying to recover from an injury is a bad faith denial of your claim with the insurance company. Unfortunately, this happens more often than you might expect. Insurance companies increase their profits when they pay out less on claims, and they have been known to wrongfully deny claims, or offer low settlements, to increase margins.
Common Bad Faith Insurance Practices
While this list is by no means exhaustive, it does cover some of the more common practices that insurance companies engage in to deny injured parties the full coverage they are entitled to receive. Some of the most common bad faith insurance practices are:
- Denying claims without providing adequate reasoning
- Improperly delaying a decision to slow down the payout and make the injured party more willing to accept a lower offer
- Offering an amount that is far lower than the client deserves in an attempt at escaping complete liability
- Misrepresenting policy terms
- Failure to communicate with you
- The refusal to pay on a valid claim
When an insurance company denies your claim, you are entitled to an appeal, and a Colorado Springs bad faith lawyer from our firm can assist throughout the entire process. When an appeal successfully overturns a denial, you are entitled to compensation from the time of your injury. The process can be complex, and working with an attorney helps protect your rights.
Do I have a bad faith claim?
We won’t know until we speak to you and learn about the details that make you believe your insurance company is acting in bad faith. It’s important to note that a claim denial doesn’t equate to a bad faith claim. There must be an action of wrongdoing. If you believe your insurance company is engaging in bad faith, a Colorado Springs bad faith lawyer from Rodmer | Kane can help you learn about your legal options.
Explore Options on Your Colorado Springs Bad Faith Claim with Rodemer | Kane
An experienced and dedicated Colorado Springs bad faith lawyer from our firm is standing by to provide you with an initial consultation. We’ll review the relevant facts and circumstances of your situation to identify if and how we can help. It is helpful to note that your initial consultation is free, with the primary purpose of it being to determine whether or not your case is a fit with our firm. When a case fits with our firm, we take the time to carefully explain the terms of our attorney-client relationship before getting started, answering any and all of your questions.
To learn more on how a Colorado Springs bad faith lawyer from Rodemer | Kane can help with your claim, contact us online to schedule your initial consultation.