Colorado Springs Insurance Dispute Lawyers

An Insurance Company’s Legal Responsibilities

By law, insurance companies owe a variety of duties to their policyholders. They must investigate and pay claims in a prompt manner. They also must communicate regularly with policy holders regarding the status of their claims, and provide a reasonable explanation of any claim denial, or offer a settlement. While numerous other legal duties are included in the actual law, the goal of the law is to ensure that insurance companies act in a fair and transparent way with their clients.

If an insurance company does not handle a valid claim in the proper timely manner, we are prepared to hold them responsible for any actions taken in bad faith.

Being able to Recognize Insurance Practices That May Be in Bad Faith

Under insurance policies you might have, your insurance carrier is required to act in good faith toward you. This means your insurer has a duty to treat you fairly when assessing the validity of any claims you file following an accident or injury. If your insurance company acts unreasonably or unfairly in handling a claim, it may be liable for bad faith. Some of the Insurance bad faith claims may involve:

  • Failing to pay a valid claim
  • Delaying payment on a claim with no legitimate reason
  • Unreasonable underpayment on a claim
  • Cancelling a policy to avoid paying a claim
  • Failing to investigate a claim in a timely manner
  • Failing to thoroughly investigate a claim
  • Requiring an excessive number of statements or estimates to support a valid claim
  • Failing to provide a written explanation as to why a claim has been denied

An insurance company may use many different tactics to deny, delay or underpay on a claim, such as using unreasonable interpretations of policy language to accomplish a certain result, or purposefully undervaluing property damage or the costs of medical treatment to pay less on a claim.

Here at the Rector Law Firm, we are fully aware of the means insurance companies use to avoid paying policyholders the maximum value of their claims, and can determine if underhanded methods were used in your case.

If a court finds that an insurance company acted in bad faith, a policyholder may be able to recover not only withheld policy benefits, but also damages arising from the insurance company’s bad faith acts. For example, you may be able to recover for emotional or physical distress if the insurance company’s unreasonable denial or delay of a valid claim led to life-altering misfortunes, such as loss of property or the inability to receive needed medical care.

If you feel your insurance company has not honored the terms of your insurance policy, or has otherwise handled an insurance claim in an unfair or unreasonable manner, please contact us here at the Rector Law Firm in Colorado Springs for a free initial consultation. We have specific experience handling insurance bad faith lawsuits, and have helped many clients receive maximum benefits under their policies, as well as additional compensation for mistreatment.

Areas We Serve

We serve people who were involved in bad faith insurance claims anywhere throughout the state of Colorado, but we focus on these areas: Colorado Springs, Manitou Springs, Fountain, Monument, Black Forest, Pueblo, Canon City, Larkspur, Security-Widefield, Peyton, Castle Rock, Teller County, El Paso County, Elbert County, Park County and beyond.

Contact Our Colorado Springs Bad Faith Insurance Attorneys

 

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The Rector Law Firm offers free consultations. We’ll answer your questions, and let you know if you have a case. Our office is committed to providing the best legal service available. Our attorneys are natives of Colorado and have over 75 years of combined experience dealing with insurance companies, and representing victims of personal injuries. Call (719) 578-1106 or fill out the contact form on our website.

“I debated for a long time about getting a lawyer after an accident. Finally, when it looked like my own insurance company was letting me down, I was referred to Dan Rector and the Rector Law Firm. I found everyone there to be helpful, communicative and responsive to my concerns and upsets. It did actually feel like I had someone on my side who did the conflict resolution for me. They definitely helped with the stress of it all and finally got me a settlement that was beyond anything I could have done on my own and that allows me to get the treatment I want for an on-going issue. I would not hesitate to recommend this firm to anyone needing legal help after an accident.” – C. Schik