Struggling for insurance benefits? Is an insurance company resisting paying benefits by unreasonable delays and denials? Is an insurance company keeping secrets from you about your problem? Perhaps we can help.
When you need help from an insurance company, the insurers label your problem a “claim.” These types of claims vary from human losses to property damage. Many insurance companies help fix these problems. Others resist, putting profits ahead of people. No one can afford uncollectible insurance. When people are hurt or suffer a proper loss they are vulnerable. They need help then more than ever.
The Kaudy Law Firm has expertise and experience helping people struggling with insurance companies as well as helping insurers resolve issues that arise with policyholders. People buy insurance for peace of mind and financial protection. They rely on insurers to treat them fairly, since insurance is in the nature of a public trust.
Because insurance is so important to our society, it is regulated by court decisions and statutes requiring that insurance companies play fair with those who need insurance.
In Colorado, insurance companies have a duty to act in “good faith and fair dealing.” Generally speaking, insurance companies must:
- Promptly investigate and evaluate your claim
- Promptly pay your claim or tell you facts why your claim is denied
- Communicate regularly with you regarding the status of your claim
- Promptly pay you any undisputed portion of claim
- Provide a prompt and reasonable explanation of any other claim denial or offer to pay less than the benefits you purchased
- Not engage in “lowballing” by unreasonably evaluating your claim
- Not unreasonably delay or deny claims
- Not unreasonably resist liability by asserting comparative negligence
If an insurance company violates these laws or otherwise acts in bad faith, you may qualify for financial recovery for emotional distress alone caused by this misconduct.
Click on the following links to find many of the rules and regulations that govern insurance companies in Colorado. If you have a specific question concerning your case, please do not hesitate to call or email us. The Kaudy Law Firm is here to help.
| Insurance Struggles/Bad Faith |
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 An Overview of Insurance “Bad Faith” |
| Colorado Law Regarding Unfair Claim Settlement Practices |
| How Insurance Companies Should Handle Claims |