When can I pursue a bad faith claim in Denver?
It is legal for an insurance company to deny a claim if it does not meet the terms of the policy or if fraud is involved. However, if you have followed the terms of the policy and truly have a valid claim that was denied without a valid reason, then you have the right to pursue a bad faith claim.
Insurance companies often use bad faith tactics to avoid paying a claim. The company suffers a loss any time a valid claim is submitted, so they sometimes fight to keep the money in their pocket.
To avoid paying on a claim, insurance companies will sometimes:
- not thoroughly investigate a claim;
- delay payment;
- offer unreasonable settlements;
- change the wording of your policy;
- use illegal methods to investigate a claim;
- harass the claimant; or
- ask for documentation that is legally not required.
These tactics are used in hopes that the claimant will eventually forget about the claim and move on.
A Denver bad faith attorney can determine your rights in these types of situations. The use of these tactics is not only morally wrong but illegal. You may be able to claim punitive damages for the insurance company’s wrongdoing.
If you want to pursue a bad faith claim, contact the Law Office of D.J. Banovitz. He is a Denver bad faith attorney who can work with your insurance company to ensure you receive the compensation you deserve. Contact him today at (303) 300-5060 and request your free booklet 7 Costly Mistakes that Can Ruin Your Colorado Injury Case.