Did you know that all insurance companies have an expressed duty to act in good faith and fair dealing when insuring their customers?
Did you also know that virtually every insurance contract that is established in the United States automatically presumes an “implied covenant” that is in place to protect the consumer? It’s a little-known fact, and when insurance companies act out of bad faith, they need to be held accountable.
This is why the insurance attorneys at Matthew R. Osborne, PC have made it our commitment to fight for the consumer rights of the insured in matters of bad faith insurance. We understand how upsetting it can be to have to be on the receiving end of bad faith insurance practices, and we have a passion for representing clients who have been treated unjustly by the insurance company they entrusted with their money and confidence.
What Are Bad Faith Insurance Practices?
Any time an insurance company acts outside of their duty to deal fairly with the insured party, that insurance company can be said to be operating in bad faith. The term ‘bad faith’ itself is broad in its scope. Some examples of bad faith insurance practices include:
- Creating unnecessary delays during the processing of a claim. Having a claim settled by your insurance company should be a fast, efficient process. You are owed diligence and expediency on the part of the insurance company, and if you feel like you’re being strung along during the claims process, you could be experiencing a situation involving bad faith insurance practices.
- Threatening, making unreasonable demands, or refusing to provide an appropriate settlement. Unfortunately, these tactics used by insurance companies are far too common. Often, the insurance companies who act this way have gotten away with it in the past, leading them to believe they can get away with it in your case. The attorneys at Matthew R. Osborne, PC know better.
- Misinterpreting the details and definitions in your insurance policy. Remember that insurance companies have a bottom line just like any other business, and if they can save money by twisting the definitions of the terms in their contracts, they will.
At Matthew R. Osborne, PC, we know exactly what to look for in cases of alleged bad faith insurance practices. We’ll take the time to thoroughly understand your position, your policy, and your claim. If we think you have a case against the insurance company, we will use the full force of Colorado law to get you every penny you’re owed, quickly and aggressively.
If you believe that you are a victim of an insurance company operating in bad faith, don’t let another day go by without acting. Contact us today at (303) 759-7018, and inquire about a free, no-obligation consultation.