If your insurance company unfairly denied or delayed your claim, Ferrell Injury Law can help. Call (720) 687-2795 for a free consultation with a Boulder bad faith insurance lawyer. Our team can review your policy, explain your rights, and help you seek the benefits you are owed.
Insurance companies have a duty to handle claims fairly. When an insurer refuses to pay a valid claim or takes too long to act without a good reason, you may have a bad faith insurance claim.
Why Choose Ferrell Injury Law for Help After a Bad Faith Insurance Claim in Boulder, CO?
Ferrell Injury Law has recovered millions for clients facing serious legal and financial challenges.
Our Boulder personal injury lawyers can help with a bad faith insurance claim by:
- Reviewing your insurance policy and coverage
- Investigating how the insurer handled your claim
- Gathering evidence of unreasonable delays or denials
- Communicating and negotiating with the insurance company
- Calculating the losses caused by the insurer’s conduct
- Pursuing compensation available under Colorado law
Insurance disputes can be complicated, especially when an insurer refuses to handle a valid claim fairly. Contact us today for a free consultation with a Boulder bad faith insurance attorney to discuss your situation and legal options.
What Is My Bad Faith Insurance Case Worth?
The value of a bad faith claim depends on the type of insurance, the benefits that were denied, and the harm caused by the insurer’s actions. The terms of your policy and the reason for the denial can also affect the value of your case.
Factors may include:
- The amount of benefits the insurer should have paid
- How long the claim was delayed
- Financial losses caused by the denial
- Medical costs or other expenses
- Additional damages allowed under Colorado law
Colorado law allows certain first-party claimants to seek attorney fees, court costs, and twice the covered benefit when an insurer unreasonably delays or denies payment. Our team can review your claim to determine what damages may be available.
What Kinds of Damages Are Available to Bad Faith Insurance Victims?
Damages are money meant to cover losses caused by an insurance company’s actions. The types of damages available depend on the facts of the claim and the law that applies.
Economic damages are financial losses that can be measured. For example, if an insurer wrongfully refuses to pay a covered medical claim, you may face unpaid medical bills or other costs. Lost income and other direct financial losses may also matter.
Non-economic damages are losses that are harder to put into a dollar amount. These may include emotional distress, anxiety, and other harm caused by an insurer’s conduct when such damages are legally available. The type of insurance claim and legal theory will affect what you may recover.
How Much Does It Cost to Hire a Bad Faith Insurance Lawyer?
Our personal injury and insurance lawyers work on a contingency fee. This means you generally do not pay attorney fees upfront.
Instead, your lawyer receives a fee from the money recovered in the case. This can allow you to get legal help without paying hourly fees while your claim is being handled. Our team can explain the fee arrangement during your free consultation.
What Causes Most Bad Faith Insurance Claims in Colorado?
Bad faith claims can arise when an insurer does not properly handle a covered claim. A disagreement about a claim does not always mean an insurer acted in bad faith, so the details matter.
Common problems include:
- Unreasonable claim delays
- Unfair claim denials
- Failure to properly investigate
- Ignoring important evidence
- Offering less than the policy requires
- Misrepresenting policy coverage
- Failing to explain a denial
Colorado law prohibits insurers from unreasonably delaying or denying benefits owed to first-party claimants. Reviewing the policy and claim file can help show whether the insurer had a valid reason for its decision.
How Long Do I Have to File a Lawsuit After a Bad Faith Insurance Claim in Colorado?
The deadline for a bad faith insurance lawsuit depends on the type of claim and the legal theory involved. In general, the statute of limitations in Colorado is two years. Colorado has different limitation periods for different insurance and contract claims, so it is important to speak to an attorney.
You should not wait to speak with a lawyer after an insurer denies or delays your claim. Important records, emails, letters, and other evidence may become harder to obtain over time. Our team can review the facts and help determine which deadline applies.
What Should I Do After a Bad Faith Insurance Claim?
Keep copies of your insurance policy and everything you receive from the insurer. Save denial letters, emails, claim numbers, estimates, bills, photographs, and notes from conversations with insurance representatives.
You should also:
- Read the reason given for the denial
- Keep a record of important calls
- Follow required claim procedures
- Save proof of your losses
- Avoid making statements that could harm your claim
- Speak with a lawyer before accepting a settlement
Do not assume that an insurance company’s decision is final. Having a lawyer review the claim may help you understand whether the insurer followed the policy and Colorado law.
Contact Our Boulder Bad Faith Insurance Lawyers for a Free Consultation
An unfair insurance denial or delay can leave you with unpaid bills, financial pressure, and uncertainty about what to do next. Ferrell Injury Law has recovered millions for clients and can help you understand your options. Call for a free consultation with our Boulder bad faith insurance lawyers.
