Bad Faith Insurance Attorney
In any contractual agreement, each party has a duty of good faith and fair dealing to the other. While many people do not think of them as contracts, an insurance policy is a contract between you and the insurance company. The insurance company has a duty to treat you fairly under the terms of the policy and can be subject to legal action if it fails to do so.
Often referred to as bad faith insurance, there can be many different ways that insurance companies can breach the terms of their policies. In some cases, they will claim that the terms of the policy do not cover a particular type of loss. In others, they may attempt to settle your claim for less than it is worth or fail to defend you against a particular claim.
WHAT IS BAD FAITH INSURANCE?
Bad faith insurance is when an insurance company breaches its policy agreement. When you sign up for an insurance policy (whether it’s for your car, house, or life), you’re actually entering into a legal contract with that company. This agreement ensures you will pay for your policy and that the insurance company will honor and pay out any valid claim. Like any contract, it works both ways.
It seems simple, right? Sadly, this isn’t always how things work out. For anyone who knows how insurance companies work, they know that these giant corporations don’t make money by paying out on claims.
While insurance is designed to protect your interests, insurance companies are still for-profit companies – meaning they’re trying to make money. The most effective way for these companies to make money is by minimizing their payouts.
Bad faith law is designed to protect you when your insurance company refuses to honor their agreement. When your insurance company refuses to pay out on a covered loss, refuses to pay the full amount, delays payment, or simply makes the process too lengthy or complex, you may want to reach out to a bad faith insurance attorney.
WHEN WILL YOU NEED TO MAKE A BAD FAITH INSURANCE CLAIM?
Knowing when to file a bad faith insurance claim isn’t always clear. It can be hard to know if your insurance company may be acting in bad faith. That’s where it pays to have a specialized attorney that understands bad faith insurance. Insurance codes and laws are confusing and complicated. Many of us simply make monthly payments on our policy and assume the insurance company will do the rest. Sadly, this is not always the case.
You don’t have to navigate this alone.
If you’ve submitted an insurance claim that you believe is covered in your policy agreement, your insurance company could be obligated to honor that claim.
If the company refuses to pay, offers only partial payment, or excessively delays payment, this could be bad faith insurance. It’s important to remember that this isn’t your insurance company being lazy or disorganized—this is illegal. The legal system is designed to protect you from this type of abuse.
WHAT ARE SOME EXAMPLES OF INSURANCE BAD FAITH?
Bad faith insurance claims can take many shapes and forms. This makes it even more confusing to know exactly what bad faith insurance looks like and whether or not you have a case. Although the laws vary from state to state, below are some of the most common examples of bad faith insurance:
- Denying a valid claim without cause.
- Paying less money than a claim is worth.
- Delaying claim processing or payment.
- Refusing to pay on a valid claim.
- Failing to complete a thorough investigation of a claim.
- Misrepresenting the language of the policy.
- Failing to fulfill requests for documentation.
If you believe your insurance company is guilty of any of these scenarios, or you feel that your insurance company is not upholding their end of the bargain, you should reach out to our experienced bad faith insurance attorneys to see if you have a case.
If Your Insurance Company Has Unfairly Denied Your Claim, Don’t Give Up. Get a Lawyer.
NO FEES UPFRONT. I ONLY GET PAID IF YOU DO.
At The Paul Wilkinson Law Firm, LLC, I dedicate my entire Colorado personal injury practice to resolving complex insurance and auto accident claims. You need an attorney that knows how insurance companies operate. Luckily, I went to work as an adjuster after law school just so I could learn their processes from the inside. I have a complete understanding of the protections provided by your insurance policy, and I know what steps to take when your insurance company unfairly denies you access to them.
As a top-rated bad faith insurance attorney in Denver, I have a strong reputation for holding insurance companies accountable to the terms of their policies and getting policyholders the benefits they are entitled to receive under those terms. Our goal to negotiate a fair settlement without putting you through a long and difficult trial. However, unlike other law firms, I will not hesitate to take your case to court in order to ensure that the insurance company is held to its contract with you.
HOW DO YOU PROVE A BAD FAITH INSURANCE CLAIM?
To prove a bad faith insurance claim, you need evidence that your insurance company, without a sound or valid reason, refused to compensate you for a covered loss that is detailed in your policy. Essentially, you need to prove that they broke the contract by not upholding their end of the agreement.
In Colorado, a bad faith insurance claim can generally be classified as a breach of contract, common law bad faith, or statutory bad faith. While each of these classifications is unique, the evidence that you will need to provide is similar for proving a bad faith insurance claim.
HOW A BAD FAITH INSURANCE ATTORNEY CAN HELP YOU
You don’t need to face the insurance companies alone. These giant corporations have dedicated legal teams who deal with these types of claims every day. It doesn’t take long to realize the complexity of the insurance codes, laws, and regulations for anyone who has tried to read and understand their insurance policies. The insurance companies have legal teams to identify and use any loophole in your insurance policy—and let’s face it, they know your policy better than you do.
But you’re not alone. At the Paul Wilkinson Law Firm, LLC, we have the knowledge and experience to go up against the insurance companies. Having worked in the insurance industry, I know how they think, know their methods, and know-how they try to use your insurance policy against you to refuse payment. Don’t become a victim of insurance fraud. Hire the right group of experts who will work with you every step of the way to ensure that you receive the compensation you deserve.
WHAT ARE THE TYPES OF DAMAGES YOU CAN RECOVER IN AN INSURANCE BAD FAITH CASE?
If you have a successful bad faith insurance claim, the courts will ensure that your insurance company pays out on your policy claim. However, you may not realize that your insurance company might be on the hook for much more than that.
Depending on the scenario, your insurance company may be required to cover other types of damages, including the following:
Your insurance company may be forced to pay the partial or full fees of your legal team.
These types of damages are determined by a judge when the defendant’s actions have caused excessive harm.
- Emotional Distress
Going through a bad faith insurance lawsuit is complicated, stressful, and time-consuming. While an experienced legal team can help, a judge may still find that you should be compensated for the emotional distress.
- Statutory Penalties
When a defendant knowingly disobeys a law or regulation, it’s classified as a statutory violation, which may mean an insurance company will have to pay statutory penalties.
Remember, however, that every case is unique and there is no guarantee of recovering compensation for these types of damages. Consult with our bad faith insurance attorneys if you want to learn more about your individual case.
NOT EVERY CLAIM DENIAL IS DONE IN BAD FAITH
It’s important to remember that not every denial of a claim by your insurance company is done in bad faith. Often, there is a valid reason that your claim is denied—this type of suit is truly on a case-by-case basis. That’s why it’s essential to read and understand your insurance policy.
WHY CHOOSE OUR BAD FAITH INSURANCE ATTORNEYS OF DENVER?
Why should you choose the Paul Wilkinson Law Firm, LLC, for your bad faith insurance claim? We get results. After law school, I went to work as an adjuster for an insurance company to learn how they operate. This insider knowledge has enabled me to take on insurance companies and win bad faith insurance claims.
Due to my years of experience, I have a complete and thorough understanding of the protections provided by your insurance company. I know what steps to take when your insurance company unfairly denies you access to your paid coverage.
Not only that, but I also dedicate my entire Colorado personal injury firm to resolving your bad faith insurance claims. We are a fully committed team that understands how insurance companies work. We know their moves—we’ve seen it all before. That’s why you should consider giving us a call if you think you may be the victim of bad faith insurance.
TALK TO AN EXPERIENCED BAD FAITH ATTORNEY TODAY
If you feel that your insurance company isn’t holding up their end of the bargain, it’s time to take action. Whether that’s a failure to pay out on a claim, failure to pay the full amount, delayed payment, or they’re simply making it too difficult to understand your claims process, you may be the victim of bad faith insurance.
At the Paul Wilkinson Law Firm, LLC, we’ve won countless bad faith insurance cases and we aren’t afraid to take the big insurance companies to court. We’re dedicated to fighting for you to ensure you receive the fair compensation guaranteed by your policy.
If you’ve faithfully paid for your insurance policy, and suspect your insurance company is not honoring your claim, don’t delay. Call Paul at the Paul Wilkinson Law Firm at (303) 333-7258 or fill out a confidential contact form. Get your free 15-minute consultation today.