May 21, 2014

6 Facts to Know about Insurance Bad Faith Practices (Pt. 1)

Insurance companies may seem like they will be there for you in your time of need – after all, they are providing you with what you trust will be a safety net when an accident or injury occurs. This, unfortunately, is not always the case in reality, as policyholders can find that they end up battling with their insurers when it comes time to get payouts for their legitimate claims.

Being aware of these facts about insurance bad faith can help policyholders identify when they may have been the subject of bad faith practices.
Being aware of these facts about insurance bad faith can help policyholders identify when they may have been the subject of bad faith practices.

The bottom line is that insurers are typically focused on looking out for their own profits, and in many cases, this will come at the expense of trusting policyholders.

While this may be distressing news, the good news is that policyholders have options when it comes to challenging insurers and holding them accountable when they practice bad faith. In this three-part blog, we will spotlight some essential facts to know about bad faith and your rights. For more definitive information about your rights and options after you have been the subject of bad faith practices, contact the Denver insurance dispute attorneys at Cristiano Law.

Fact 1: Claiming you don’t have an active policy is a common way insurers may practice bad faith.

After a policyholder submits a claim against his policy, insurers may try to tell that person that he doesn’t have an active policy with the company. This common – and illegal – bad faith practice is known as post-claim underwriting.

What policyholders need to know when their insurers try to tell them that they don’t have an active policy is that:

  • Their policy is a legally binding contract between their insurer and themselves.
  • If they have been paying their premiums on time, the insurance company has been accepting the payments and no notice of cancelation has been sent to the policyholder, the policy is still likely active.

When this type of bad faith occurs, it’s time to talk to an attorney to figure out the best course of action for challenging insurers and obtaining compensation.

Fact 2: Insurance bad faith may also come in the form of unfairly denying your valid claim.

With this type of insurance bad faith, insurance companies may try to deny your claim by, for instance, trying to allege that:

  • You caused the accident or incident.
  • Your policy doesn’t cover the type of accident or event associated with your claim.
  • You didn’t file the claim within the necessary time limits as stipulated with your policy.

When you believe that a denial of your claim has been unfairly issued, it’s time to stand up to insurers. Challenging unfair denials often results in people getting the compensation they need and deserve.

For more important facts about insurance bad faith, don’t miss the second and third parts of this blog to come.

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.

For more than three decades, our skilled attorneys have been upholding the belief that the practice of law is a helping profession. As a result, they have been firmly dedicated to providing people who have been hurt by the careless, indifferent or deceitful actions of others the highest quality of legal services. Whether inside or outside of the courtroom, our Denver insurance dispute attorneys will always stand up for our clients’ rights and will work vigorously to help them obtain the best possible resolutions to their important legal matters.

Contact Us Today

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.

hand holding phone with Cristiano Law site pulled up

Call Us Today!

No better time than now to call for the help you need.
Your information is safe with us
Google Reviews Logo
Epic Web Results Text Logo
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram