Is Your Insurance Provider Acting in Bad Faith? Here Are 6 Warning Signs

While insurance companies are businesses looking to make a profit, they should never prioritize this goal over your interests. When this occurs, your insurance agency is acting in bad faith, and you have the right to file a lawsuit to receive the compensation to which you’re entitled.

If you believe your insurance agency is acting in bad faith, don’t hesitate to contact an experienced insurance lawyer in Denver. Not sure what qualifies as bad faith? Here are six signs that could mean your insurance provider is treating you unfairly.

Denying Your Claim (Without a Good Reason)

If your insurance provider denies your claim with a lackluster explanation or, even worse, no explanation, this is cause for concern. In some cases, your insurance provider may try to reference a part of the policy that is written in ‘legalese’ to go over your head and justify the denial. If you have been wrongly denied coverage, you can dispute the decision, and Boyle Law can help.

Repeated Delays in the Process

A claim adjudication should not take longer than 60 days. If your insurance company is acting in bad faith, they may repeatedly ask for small amounts of information instead of gathering everything at once. You also have cause for suspicion if they extend a deadline at the last minute without providing notice.

Placing Pressure on You

When your provider puts pressure on you to accept a settlement that seems unfair, be wary. They may tell you that no other offer is available, the number they’re giving you is the best you’re going to find, or that your policy doesn’t cover as much of the expenses as you initially thought.

Failing to Communicate

You should feel free to ask your insurance provider any questions you may have. If your provider avoids communication and doesn’t confirm when they receive your documentation, you could be dealing with a bad faith insurer.

Misinterpreting the Policy

Bad faith insurers often make deliberate mistakes. In many cases, they will misinterpret the legal language of a policy to sway the terms in a direction they weren’t originally intended or rely on laws that don’t apply to your policy.

Making Changes to Your Policy

If your provider changes or completely cancels your policy without notifying you first, it’s not a good sign. Bad faith insurers do this to deny you coverage or significantly reduce the compensation you receive.

Colorado Bad Faith Insurance Law

If you suspect your insurance provider is acting in bad faith, contact an insurance attorney in Denver today. Boyle Law Firm can help you identify whether you are a victim of bad faith insurance and what you can do to receive full and fair compensation.