You have been a loyal customer of your insurance company for years. You have been paying your premiums on time. You have provided the insurer all reasonable information about your claim. You believe your insurance company will do what they say they will do in their advertising:
“Like a Good Neighbor, State Farm is There.”
“You’re in Good Hands with Allstate.”
“Get Met. It Pays.”
So what do you do when your insurance company denies your claim?
Or delays payment on all or part of your claim for months and months? Or fails to communicate with you about the status of your claim? Or fails to properly investigate your claim? Sadly, many insurance companies fail to live up to the promises they make and cause harm to hard-working consumers like you. Their strategy is to deny claims, delay payment, and defend lawsuits.
Insurance companies in Colorado and elsewhere are obligated by law to act in good faith, including, among other things, properly investigating claims, promptly paying claims, and properly communicating with you concerning your claim. An insurance company that fails to meet its obligations under the law may have breached its insurance contract with you and may have acted in bad faith. If your insurance company has acted in bad faith, you may be entitled to compensation. Under Colorado law, insurance companies may be responsible for up to three times the benefits owed, interest, as well as attorney’s fees and costs. Punitive damages may also be awarded, as well as other damages. Other claims, including breach of fiduciary duty, negligence, or Consumer Protection Act claims, may potentially be brought against an insurance company.
Call The Colorado Insurance Bad Faith Lawyers At Burg Simpson
If you are getting the run-around from your insurance company after a loss (e.g., car accident, fire, illness or disability), you should contact the Colorado insurance bad faith lawyers at Burg Simpson. We have the experience, reputation, and resources to help get you your benefits, negotiate and settle bad faith claims or, if necessary, litigate against the insurance company and go to trial if they refuse to settle. Burg Simpson has helped many consumers in Colorado receive their insurance benefits and recover compensation for the bad faith actions of their insurers.
Not only may you be able to recover the benefits that the insurance company denied or delayed, but under Colorado law you may be able to recover up to two more times the amount of the benefits owed. Attorney’s fees may also be recovered, as well as interest and costs. You may also be able to recover damages for mental and emotional distress. Punitive damages may be awarded to punish the insurance company for its bad conduct.
Yes. Your car insurance company has a duty to act in good faith. The types of insurance benefits that may be involved include Uninsured Motorist (UM), Underinsured Motorist (UIM), Medical Payments (Med Pay), and others. Also, if you are in a car accident and a claim is brought against you, your insurance company may, under the provisions of your insurance policy, have a duty to defend you as well as indemnify you and settle claims brought against you without exposing you to out-of-pocket financial losses. Burg Simpson has the experience and resources to handle bad faith insurance claims against car insurers.
Other insurers, including, homeowner, renters, health, and disability insurers may be liable for their bad faith actions in handling claims. Burg Simpson has the experience and resources to handle bad faith insurance claims against insurers who act in bad faith.
Denial of a valid claim
Failure to pay a valid claim in a timely manner and in the proper amounts – no low-balling
Misrepresenting the facts or the policy provisions
Not conducting a proper investigation; conducting a results-oriented investigation
Not working with you to maximize the coverage available under your policy
Trying to intimidate you into accepting less than fair value for your loss
Failure to settle a liability claim within the stated policy limits