Protecting Your Rights Against Insurance Bad Faith

Insurance companies have a duty to act in good faith and fair dealing with their policyholders. Unfortunately, there are times when insurers fail to uphold these obligations, engaging in practices that unfairly deny, delay, or underpay legitimate claims. If you believe your insurance company is acting in bad faith, Lomena Law is here to help you fight for your rights and secure the compensation you deserve.

What is Insurance Bad Faith?

Insurance bad faith occurs when an insurance company does not honor its contractual obligations to policyholders. This can manifest in various ways, including:

• Unjustified claim denials: Denying valid claims without a reasonable basis.
• Delaying payments: Prolonging the payment process unnecessarily to frustrate policyholders.
• Underpaying claims: Offering settlements that are significantly less than what the policyholder is entitled to.
• Failing to investigate: Not conducting a thorough and timely investigation into a claim.
• Misrepresentation: Providing misleading information about coverage or policy terms.
• Unreasonable interpretations: Interpreting policy language in a way that unjustly limits or denies coverage.

Recognizing Bad Faith Practices

Identifying bad faith practices can be challenging, especially when dealing with complex insurance policies and legal jargon. Some common signs of insurance bad faith include:

• Lack of communication: The insurer does not respond to your inquiries or provide updates on your claim.
• Inadequate explanations: The insurer does not give a valid reason for denying your claim or offers vague explanations.
• Lowball offers: The settlement offer is far less than the documented value of your claim.
• Pressure tactics: The insurer pressures you to accept a settlement quickly without a full explanation or negotiation.
• Unreasonable delays: The insurer takes an excessive amount of time to process and resolve your claim.

Why You Need a Colorado Insurance Bad Faith Attorney

Dealing with an insurance company acting in bad faith can be frustrating and overwhelming. At Lomena Law, we are well-versed in the tactics used by insurers to avoid paying legitimate claims. We are dedicated to protecting your rights and ensuring you receive the full compensation you are entitled to under your policy.

Types of Compensation for Insurance Bad Faith Claims

Victims of insurance bad faith may be entitled to various types of compensation, including:

• Contractual damages: Payment for the original claim amount that was wrongfully denied or underpaid.
• Consequential damages: Compensation for financial losses resulting from the insurer’s bad faith actions, such as lost wages or additional expenses incurred due to delayed payments.
• Emotional distress: Damages for the emotional and psychological impact of dealing with bad faith practices.
• Punitive damages: In cases of egregious misconduct, punitive damages may be awarded to punish the insurer and deter future bad faith actions.

How Lomena Law Can Help

At Lomena Law, we take a client-centered approach to every case, providing personalized attention and aggressive representation. Lomena Law will:

• Investigate Your Claim: Conduct a thorough investigation to identify evidence of bad faith practices.
• Negotiate with the Insurer: Handle all communications and negotiations with the insurance company to secure a fair settlement.
• Represent You in Court: If necessary, take your case to trial to ensure you receive the full compensation you deserve.

Contact Lomena Law Today

If you suspect your insurance company is acting in bad faith, don’t wait to seek legal help. Lomena Law is ready to fight for your rights and help you obtain the compensation you deserve. Contact us today for a free, no-obligation consultation.