Bad Faith Insurance Attorney in Aurora, CO
Purchasing an insurance policy is meant to cushion you from financial losses when you suffer personal injury or property damage. In addition to the premiums you pay, your insurance provider has an implied covenant to treat you fairly if the insured is involved in an incident that causes damages and losses. Unfortunately, that is not always the case. Some insurance providers will go to great lengths to unfairly deny a legitimate claim, resulting in insurance bad faith.
Do you feel your insurer might be acting unfairly after filing your claim? Schedule a free consultation today with a Aurora bad faith insurance attorney. We are happy to help you learn more about your options regarding the possibility of filing a bad faith insurance lawsuit.
What Is Insurance Bad Faith?
Insurance bad faith refers to any unfair conduct by an insurance provider to deny a legitimate claim or make an unfair settlement. Typically, insurance companies have the upper hand when dealing with insurance claims. This is because they possess more expertise and financial muscle. Some will use the two elements to try and breach the covenant of fair dealing and to act in good faith.
On your part, paying premiums may not be enough, especially if you are dealing with an unscrupulous insurer who will try to use their expertise and finances to try and intimidate you. To protect yourself and give yourself some bargaining power, it’s best to involve a skilled attorney for some much-needed legal advice.
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How to Identify Bad Faith Tactics
There are two types of bad faith insurance claims: first-party bad faith and third-party bad faith.
First-party bad faith occurs when an insurance provider fails to treat you fairly. For instance, if you were in a car accident resulting in any form of injury, your insurance provider should compensate you for the same as long as the loss is covered under the policy.
As a policyholder, the Colorado bad faith statute allows you to bring a first-party bad faith insurance action against your insurer if their conduct is deemed unreasonable or if your insurer knew their conduct was outrageous and blatantly ignored facts that indicated that their conduct was unreasonable. Some specific examples of when first-party bad faith could occur include when your insurer:
- Denies your claim before conducting a full investigation
- Denies a claim without giving sufficient reason
- Delays your claim unnecessarily
- Attempts to underestimate your payout
- Resorts to poor communication or total lack of communication to frustrate you
On the other hand, third-party bad faith occurs when you, as the insured, are sued by a third party, and your insurer is defending the action on your behalf. In such a case, your insurer is supposed to take all measures to protect your interests so that the claim is settled within policy limits and your personal assets are not used to settle any excess damages to the injured party. Some acts that may constitute third-party bad faith include:
- Inadequate handling of the lawsuit
- Failure to settle the suit within the policy limits, thus exposing you to excess liability
- Wrongfully failing to defend you in a third-party lawsuit
Statute of Limitations for Bad Faith Cases in Aurora
If you or someone you know has been wronged by an insurance company in Aurora, you may be entitled to compensation under Colorado’s laws governing bad faith insurance practices. However, it is important to act quickly as there is a statute of limitations for bringing a bad faith claim to court in Colorado.
In Aurora, the statute of limitations for filing a bad faith claim is two years from the date of the wrongful conduct. If you fail to file a bad faith claim within this time frame, you may forfeit your right to bring a claim altogether. This is why seeking legal assistance as soon as possible is crucial after experiencing bad faith insurance practices.
It is also important to note that bad faith claims in Aurora can be complex and require a skilled attorney to navigate. A knowledgeable attorney can assist you in gathering evidence, negotiating with insurance companies, and representing you in court if necessary.
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How We Prove Insurance Bad Faith in Aurora, CO
We understand the deep frustration that comes with dealing with insurance companies after a personal injury. Unfortunately, insurance bad faith is far too common, leaving injured individuals feeling hopeless and overwhelmed. Fortunately, we are here to help.
To prove insurance bad faith in Aurora, CO, we thoroughly investigate the actions of insurance companies. We seek to show that the company intentionally acted in bad faith, either by denying coverage, delaying payment, or failing to offer a reasonable settlement. This can include demonstrating that the insurance company failed to properly investigate a claim, misrepresented the policy or its terms, or acted in a deceptive manner.
Our entire team of personal injury attorneys has a deep understanding of Colorado insurance law and can fight for the compensation you deserve. We use a variety of tactics, including reviewing policy language, analyzing medical records, and expert testimony, to build a strong case on your behalf.
Why Choose Cave Law as Your Bad Faith Insurance Attorney in Aurora, CO
If you have been unfairly denied an insurance claim by your insurance company and are seeking legal representation, look to Jeremy Cave and the Cave Law attorneys to be your bad faith insurance attorney in Aurora, CO. Our experienced and skilled team understands the complexities of insurance law and will fight tirelessly to ensure you receive the compensation you deserve.
We have a proven track record of success in bad faith insurance cases. Our team of attorneys comes with a deep understanding of the tactics used by insurance companies to deny claims, such as delaying investigations or claims processing and offering lowball settlement offers. As such, we will work tirelessly to protect your rights and ensure that you receive the maximum compensation available.
Need Help? Talk to a Aurora Bad Faith Insurance Attorney Today
Do you feel that your insurer is not acting in good faith? It’s best to talk to a bad faith attorney for legal guidance. An attorney will help you identify if there is a legal basis for a bad faith lawsuit against your insurer. In addition, they can help you gather evidence for your case. For more information on handling a suspected case, talk to the experienced bad faith insurance attorneys at Cave Law today.
We also provide a variety of solutions for other cases. Take a look at what our attorneys in Aurora can do for you below:
