May 26, 2014
Continuing from 6 Facts to Know about Insurance Bad Faith Practices (Pt. 1), below is some more important info that policyholders should be aware of when it comes to insurers and ways in which they may practice bad faith to maximize their own profits at policyholders’ expense.
People who believe they have been victimized by insurance bad faith are encouraged to learn more about their rights and legal options by consulting with the Denver insurance dispute attorneys at Cristiano Law.
Fact 3: Delaying claims investigations can be a red flag that you are the victim of insurance bad faith.
Although insurance companies will conduct their own investigations into claims submitted by policyholders, insurers are legally required to wrap up these investigations within a reasonable time frame. In other words, it is considered illegal for insurers to unnecessarily delay their investigations in an effort to:
- Prolong payouts to policyholders
- Try to compound policyholders’ financial stress and, consequently, use these delays as leverage to try to force policyholders to accept settlement offers that are far less than they deserve for their claims.
If you have submitted an insurance claim to your carrier months ago and nothing seems to be happening with the investigation, it’s quite possible that insurers may be acting in bad faith with your claim. When this happens, it will be a good idea to consult with an experienced attorney to find out what you should do to push your claim forward and get the payouts to which you are entitled.
Fact 4: You have the right to challenge insurer’s rulings on your claims.
One thing that policyholders may not realize is that the insurer’s final ruling in their case is NOT necessarily the end of their claim. In fact, policyholders should know that they have the right to:
- Challenge insurers’ decisions
- Reject low or unfair settlement offers
- Appeal denials of their valid claims
- Even fight to get their closed cases reopened, reinvestigated and reevaluated.
So, when you believe an insurer has made a bad or wrong call in your claim, don’t think “oh well” and leave it at that. Instead, take action, meet with a lawyer, and stand up for your rights. It could end up meaning that you get more compensation than you expected for your claim.
Don’t miss the upcoming conclusion of this blog for some more important info to know about insurance bad faith.
Denver Insurance Bad Faith Lawyers at Cristiano Law, LLC
If you are fighting with an insurer over a valid claim or your insurer has recently unfairly denied your legitimate claim, the Denver insurance bad faith attorneys at Cristiano Law, LLC are ready to put their experience and resources to work for you.
Our trusted lawyers have been upholding the belief that the practice of law is a helping profession for more than 33 years. As a result, they have been firmly dedicated to providing people who have been hurt by the careless or deceitful actions of others with the highest quality of legal services. When you choose the superior legal representation offered by the attorneys at Cristiano Law, LLC, you will be able to trust that your case is being handled with the respect and care it deserves, that it will not be passed off to inexperienced associates and that you will have the best chances of getting both the justice and compensation you deserve.
Let’s Talk about Your Case – Contact Us Today
We invite people who think they may have a case to attend an initial consult with one of our Denver insurance bad faith lawyers. In most cases, these initial consultations are free, and we can get a case started at no cost to our clients.
To set up a meeting with one of our attorneys, call us at (303) 407-1777 or email us using the form on this page.