Denver Failure To Evaluate Claims Attorney | Front Range Injury Attorneys

Denver Failure To Evaluate Claims Attorney | Front Range Injury Attorneys Accident attorneys with a proven track record: Front Range Injury Attorneys - Denver Personal Injury Lawyers 2590 Welton Street, Suite 200 Denver, Colorado 80205 Q23C+95 Denver, Colorado 720.826.4399 https://frontrangefirm.com What Is A Failure To Evaluate An Insurance Claim? When you purchase an insurance policy, the insurance company has several duties to you under the terms of the contract and Colorado insurance law. Among those duties are obligations to perform certain acts in response to claims filed on your policy. When you or somebody else files a claim against your insurance policy, the insurer has a duty to promptly evaluate the claim so it can determine what steps it must take in response to the claim and the reasonable value of damages related to the claim. The insurance company must professionally evaluate the merits of the claim, whether it falls within claims covered by the policy and the reasonable value of that claim. A failure to fairly and professionally evaluate a claim can result in harm or losses to you as a policyholder. Evaluating First Party Claims You may file an insurance claim against your policy for covered losses you experience. This could be a claim for hail damage against a homeowner’s policy or collision damage under your auto policy. Your insurance company has a duty to promptly evaluate any claim you file on your own policy. It must determine whether the claim is covered and the reasonable value of the claim so it can promptly pay benefits due to you. Failure to evaluate the claim and make timely payment deprives you of the right to benefits under the policy you purchased. It can result in additional losses as a result of not timely receiving the benefits due. Evaluating Third Party Claims Your insurance company also has a duty to timely evaluate claims filed against your liability coverage by third parties. For example, if you caused a car accident, the victim of the collision will likely file a liability claim against your policy. If your insurance company fails to timely investigate and evaluate the claim so it can attempt to settle the liability claim, it could result in a lawsuit against you. As a result of the lawsuit, you may be found personally liable for damages exceeding the policy limits. If the insurance company had properly evaluated and settled the claim, it would have avoided a judgment against you. Contact Our Denver Law Firm Today If your insurance company failed to evaluate your claim correctly, you may have one or more bad faith claims to pursue. By pursuing a bad faith claim, you can obtain the benefits due under your policy and potentially recover additional compensation. Contact our Denver law firm today for a free consultation of your insurance case.