Insurance Can Be A Pain To Deal With
Colorado citizens purchase insurance to provide personal protection for damages sustained when they are involved in an accident. When a claim has been set up with your insurance company and they fail to respond in a timely fashion, you may be dealing with an unreasonable insurance company. Don’t worry though — we are very experienced with getting insurance companies to pay their fair share in situations like this, so give us a call for help with your case.
Colorado Insurance Laws
Insurance companies do not have the right to “drag their feet.” The law requires that insurance companies act in good faith when handling your claim under Colorado Revised Statute 10-3-1115. Colorado Revised Statute 10-3-1116 provides rights to policyholders against their insurance companies. This law holds an unreasonable insurance company directly liable for excessive delays and denials, and provides for twice the benefits that would have been paid. When an insurance customer pays timely premiums for personal coverage and has a valid claim, the insurance company should not delay or deny that claim.
These protections apply across a wide range of claim types, including auto accident claims, personal injury claims, homeowners insurance claims, and more. Unfortunately, knowing your rights and actually getting an insurance company to honor them are two very different things. That is where having an experienced attorney in your corner makes all the difference.
What Counts As Bad Faith?
Insurance bad faith occurs when an insurer unreasonably delays, denies, or underpays a valid claim. Common examples include repeatedly asking for unnecessary documentation to stall a claim, denying a claim without a reasonable basis, failing to investigate a claim promptly, making lowball settlement offers that don’t reflect the true value of your losses, and misrepresenting policy terms or coverage. If any of these situations sound familiar, you may have a bad faith insurance claim on your hands. Colorado law gives you real leverage to fight back, and an attorney can help you use it effectively.
You Have Options
If your insurance company is delaying payment on a legitimate claim, you do not have to just sit and wait. Check out our guide on what to do if your insurance company is stalling and if you still need help, contact our experienced bad faith insurance attorneys. They will be able to tell you how best to proceed and will help ensure that your insurance company does not trample on your rights. Under Colorado law, if your insurer is found to have acted unreasonably, you may be entitled to twice the amount of benefits that should have been paid, plus attorney fees. That is a powerful incentive for insurance companies to do the right thing when they know you have legal representation.
Contact Our Colorado Springs Bad Faith Insurance Attorneys
At Rector Stuzynski Law Firm, our Colorado bad faith insurance attorneys offer free consultations. Our team are natives of Colorado with over 75 years of combined experience dealing with insurance companies and representing victims of personal injuries across the state.
Our office is committed to providing the best legal service available, and we are passionate about serving our Colorado Springs friends and neighbors. Call (719) 578-1106 or fill out the contact form on our website to get the help you need today.
