Navigate Insurance Bad Faith in Colorado with our Skilled Attorneys
Colorado law recognizes that insurance is a unique product that is purchased not for commercial advantages, but for protection against financial distress and uncertainty. Your insurance policy for any piece of property provides security and peace of mind for you on a daily basis. However, when insurance companies refuse to pay insurance benefits without a reasonable basis, they may violate the very purposes of your insurance contract. Thankfully, one of our specialties is insurance bad faith in Colorado and our attorneys can lend a helping hand with your case.
Common Reasons Why Claims Are Denied or Payments are Delayed
Commercial or home insurance policies are very specific in what they do and do not cover. In general, property insurance policies provide coverage to the structure of your home, your personal belongings, additional living expenses, and liability protection. While specifics can vary from one provider to the next, home coverage is applied consistently across the board.
When disaster strikes and you need to file a claim, there is a risk that your claim may be denied. Most commonly, home or building insurance claims may be denied if:
- The event that caused the damage isn’t covered or the damage is considered “normal wear and tear”
- The claim wasn’t filed soon enough
- Insurance coverage has lapsed due to missing payments
Unfortunately, some insurance providers may deny or delay payment on a claim without a reasonable basis. This is a violation of your insurance contract and may fall into a legal practice category called “bad faith insurance.” Our attorneys in Denver can fight on your behalf in court to have your insurance company honor their original promise.
Your Insurer Is Not Looking Out for Your Best Interests
Simply put, insurance companies are not always motivated to pay claims in a timely fashion for the benefit of their customers. When an insurance company denies or delays payment on a claim, they know that they’re wearing down the customer. This makes it more likely that the customer will accept a lesser payment than what they’re owned under their insurance policy.
Delaying some claims can lessen the financial stress on the insurer. And every day that a payment is delayed, the more money the company continues to make thanks to their customers’ premiums. Suffice to say that there are a lot of motivators to keep payments to customers low and slow.
Get Support with a Bad Faith Insurance Attorney in Colorado
Have you suffered a catastrophic loss recently? Whether your property was damaged by hail storms like those seen in 2017 or intense wildfires like the Troublesome Gulch Fire or the Marshall Fire, your damaged property is likely eligible for an insurance payout.
If your insurance company denies payment or is dragging their feet in the process, you may feel powerless to get the compensation you deserve. With the right legal representation, you can fight back and do something about your recent loss.
At MoGo LLC, we are a team of experienced bad faith insurance attorneys in Denver. Over the years, we have represented homeowners, business owners, homeowners’ associations, and contractors in litigation against their insurance companies. We pride ourselves on putting our clients’ needs first and giving them our honest and best work.
We’re at the forefront of many legal issues in Colorado surrounding insurance litigation, and our attorneys have even argued at the Colorado Court of Appeals and Supreme Court. You’ll get individualized attention with our bad faith insurance attorneys in Colorado. Plus, we offer our services on a contingency fee basis, which means we don’t get paid unless we achieve a successful resolution on your behalf.
If your property insurance claim has been denied or your payment has been delayed, don’t despair – give MoGo LLC a call today! Set your consultation with our boutique law firm today.