With every insurance contract, there is an implication of good faith and fair dealings. There is the idea that an insurance company will treat each claim with objectivity and fairness. However, this is not always the reality. When a claim is handled unjustly by the insurance provider, it is considered bad faith. If this happens to you, contact one of our Denver bad faith attorneys for help immediately.
Insurance companies have much to gain by acting in bad faith. Out of the thousands of claim decisions made every day, very few are ever contested by insured parties. This allows insurance companies to save large amounts of money on denied claims that should have been approved.
Insurance companies have an obligation under Colorado state law to act in good faith. Among other things, these good faith practices include:
When an insurance provider fails in these duties, they are guilty of acting in bad faith.
The following are the five bad faith insurance practices most commonly reported:
If your insurance company has acted in bad faith, you could be eligible for as much as three times the amount of insurance benefits owed to you. You could also be entitled to interest on those benefits, punitive damages, and other damages. Contact the law firm of Fuicelli & Lee, PC, for a free case evaluation. You pay nothing unless you receive a financial settlement or award. Call our office at 303-355-7202 or fill out our confidential contact form.
Make the most of summer vacation with great Colorado road trips Given the nature of our work, we fo…Read More
Here are some of the most common causes of accidents, and a few tips to keep you and your loved ones…Read More
Fuicelli & Lee, PC Settles Car Accident for $462,500.00
The high settlement was no accident. I watched how hard Keith worked to get us to that point. Because of Keith’s hard work, I am now in a position to concentrate on fixing my pain with continued treatment.
Fuicelli & Lee, PC Negotiates Policy Limit Settlement of $250,000
Mr. Fuicelli is very accessible which is extremely important just in case you have a question or important information to pass along to him. He stays on top of your case with complete dedication and always updates you with information pertinent to your case.