Insurance Bad Faith FAQ

What is the difference between an insurance dispute and insurance bad faith?

Insurance disputes occur when there is a disagreement between the insured and the insurance company over insurance coverage and benefits.  In some instances, insurance companies may have valid reasons for denying coverage or offering a lower payout on claims.  However, when an insurance company unnecessarily delays processing a claim, offers an unreasonably low settlement, or denies a legitimate claim, it may be insurance bad faith.  If you have been the victim of insurance bad faith, you may be entitled to compensation for your losses through an insurance bad faith lawsuit.

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I suffered a personal injury in a car accident in Colorado Springs and my Colorado insurance company’s offer does not come close to covering my medical bills. Is this insurance bad faith?

Sometimes insurance companies have valid reasons for offering a lower settlement amount based upon your coverage and the circumstances of the accident. However, insurance companies sometimes low-ball their policyholders by offering less than a reasonable amount for insurance claims.  An unfair offer may be insurance bad faith.

I was at fault for an auto accident in Colorado Springs that injured someone else.  The other person filed a claim against my insurance company months ago, but my insurance company still has not paid the claim.  Should I file an insurance bad faith lawsuit?

Depending upon the reasons for the delay in processing the claim, this situation may be third party insurance bad faith.  Your insurance company is obligated to defend you against claims made against you by a third party and to settle such claims in a reasonable amount of time.

How do I prove my insurance company acted in bad faith?

You will need to show that your insurance company failed to uphold their end of the insurance contract by acting in an unreasonable manner.  This may include proving that their offer for your claim is unreasonably low based upon your insurance benefits.  You can also show insurance bad faith by proving there was no basis for denying your insurance claim.

What can I recover in a bad faith lawsuit?

In many cases, you can receive payment for your losses from the insurance company as well as reimbursement for legal fees.  In some situations where the insurance company has acted negligently or dishonestly, you may be entitled to punitive damages.  .

Do I need an attorney to file a bad faith claim?

In most situations where insurance bad faith is suspected, it is best to consult an attorney before proceeding with a bad faith claim.  An experienced Colorado Springs bad faith attorney can advise you of your rights and help you determine how much you have the right to receive from your insurance company.  In addition, an attorney can negotiate with the insurance company on your behalf and handle your case if it goes to trial.

If you have been in an accident, Colorado SpringsPersonal Injury Lawyer Andrew C. Bubb will review your case for free and discuss with you all of your legal options. In some cases you may be able to recover compensation for medical expenses, lost wages, property damage, and pain and suffering. Call 1 (800) 773-4492 today or contact us through our website contact forms.

Related Insurance Information

General Insurance Bad Faith Information
Choosing an Insurance Bad Faith Attorney
Insurance Laws
Insurance Disputes
Protecting the Insured

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