When you make an insurance claim against your policy in Colorado, your insurer has a duty to act in good faith and deal with you fairly. Colorado common law describes your insurer’s duty in this context as quasi-fiduciary. Colorado courts recognize the vulnerable position you are in against your insurance company with its near-limitless resources.
Colorado also has statutes in place to safeguard insured individuals like you from unreasonably delayed or denied claims by their own insurance companies. These statutes include specific penalties for such unreasonable delays or denials–allowing you to recover up to three times the amount of benefits wrongfully delayed or denied, plus attorney fees.
You dutifully paid your insurance premiums for years. Don’t let your insurance company unfairly diminish the value of your claim just to save its bottom line. At Balaban Law, our Colorado attorneys handle insurance bad faith matters and get clients effective claim resolutions as quickly as possible. If your insurance company is pushing you around, give us a call.
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