Insurance is purchased to protect the financial interests of the insurance policy holder; however, that is not always the outcome. In many situations, insurance companies deny legitimate claims based upon minor technicalities. Other times, insurance disputes arise between policyholders and insurance companies over covered benefits or the settlement amount. In extreme situations where insurance companies offer unreasonable settlements or unfairly deny claims, they may be guilty of bad faith.
Unfortunately, many insurance policyholders give up benefits to which they are entitled because they do not know how to appeal their insurance company’s decision. If your auto insurance claim has been wrongfully denied or you are experiencing a dispute with your insurance company, it is in your best interest to consult a skilled Colorado insurance attorney for help as soon as possible.
A large portion of initial auto insurance, health insurance, and other types of insurance claims are denied. Valid reasons for denying an insurance claim include:
Insurance claim denials are not always valid. Some insurance claims are denied due to error or for other invalid reasons. It is in your best interest to appeal the insurance company’s decision if you feel your claim was wrongfully denied or the settlement amount is insufficient.
The technical language used in most insurance policies makes them difficult for the average person to understand. As a result, insurance companies will often interpret the coverage in a manner that benefits the company, not the policyholder. Insurance disputes are common in Fort Collins auto accidents and other personal injury cases. For example, an insurance company may deny a claim if fault has not been proven in an auto accident. In other situations, a settlement offer to a personal injury or auto accident victim may not provide for future medical expenses that may be required. A skilled Fort Collins insurance attorney can help you understand your insurance coverage and determine a sufficient settlement amount for your injuries.
There is often a fine line between an insurance dispute and insurance bad faith. Insurance companies may have legitimate reasons for a claim denial or lower settlement amount. However, when an insurance company fails to honor the terms of the insurance policy by making unreasonably low settlement offers, denying valid claims, or unnecessarily delaying claims processing, the company may be acting in bad faith. Colorado state insurance laws require insurance companies to act in good faith by offering fair treatment to their policyholders. If a Colorado insurance company acts in bad faith, a policyholder may be entitled to compensation through a bad faith lawsuit. It can be difficult to prove that your insurance company has acted in bad faith; therefore, it may be necessary to hire a Fort Collins insurance attorney to handle your case.
Fowler Law Firm specializes in handling insurance denial, dispute, and bad faith cases in Fort Collins and throughout the State of Colorado. We have extensive experience in dealing with insurance companies, which we will use to your advantage by pursuing a fair settlement for your injuries and losses. Contact us today at (970) 232-3322 or firstname.lastname@example.org to find out how we can help with your insurance claim or lawsuit.