What is “bad faith”?
The legal definition of a bad faith action is: ‘an intentional dishonest act by not fulfilling legal or contractual obligations, misleading another, entering into an agreement without the intention or means to fulfill it, or violating basic standards of honesty in dealing with insurance claim handling.’ Most states recognize what is called “implied covenant of good faith and fair dealing” which is breached by acts of bad faith.
Bad Faith generally occurs when your own insurance company fails to treat you, their own insured paying customer, fairly and honest. When it comes to insurance, examples of bad faith include:
- Undue delay in handling claims
- Inadequate investigation by the insurance company
- When the insurance company puts its interests above their customers
- Refusing to fairly evaluate someone’s injury claim
- Refusing to fairly pay insurance benefits
- Violating the insured customers rights
- Making unreasonable interpretations of an insurance policy
Bad faith insurance refers to an insurance company’s attempt to renege on its obligations to its clients. When an insurer unreasonably refuses to pay a claim, unreasonably refuses to fairly evaluate a claim, fails to honor benefits owed under the insurance contract agreement or tries to alter the rights of their customers when a claim is made against the policy, they are operating in bad faith. If you have been injured or suffered damage to or loss of personal property, your insurance company is required by law to investigate, evaluate, and pay valid claims in good faith. If your insurance company has failed to live up to its end of the bargain by not properly investigating, evaluating, or adequately paying benefits under your claim, you may have grounds to file a bad faith lawsuit. The insurance company’s conduct, if found to be unreasonable, can lead to additional damages against the insurance company as a punishment for its actions.
Why Choose Whalen Hersh?
At Whalen Hersh, our goal is to secure settlements that are fair and equitable for our clients who have been victims of bad faith. We strive to establish direct, meaningful, trusted and reliable relationships with every client we represent. If you have been a victim of a bad faith insurance practices, you have a legal right to seek financial compensation for your losses. In order to do so, you’ll need an experienced insurance bad faith attorney in Colorado Springs to effectively pursue a lawsuit against the insurance company. Whalen Hersh has experience and hard-fought results representing clients against insurance companies and we have obtained millions of dollars in insurance bad faith settlements.
At Whalen Hersh, we work closely with you to ensure that you receive the support you deserve, and the representation you rely on in a bad faith situation. We’re proud to be listed in the Top 100 Trial Lawyers in the nation by The National Trial Lawyers (NTL) and Top 100 High Stakes Litigators by America’s Top 100. We also take pride in our ranking among the Ten Best of 2018 in Colorado Attorney Client Satisfaction by the American Institute of Personal Injury Attorneys.
When you need an experienced insurance bad faith attorney in Colorado Springs with a proven track record of success who will fight for your best interests in the courtroom, contact us today. We are happy to offer you a free consultation with one of our experienced insurance lawyers to review the details of your claim and discuss your legal options. If you are owed financial compensation, our team is ready to provide you with complete and diligent legal representation in pursuing your claim. Our offices are conveniently located in the Alamo Corporate Center at 102 South Tejon Street, Suite 1100, Colorado Springs, CO 80903. You can contact us locally in Colorado Springs by calling (719) 644-7000 to learn more. We look forward to helping you get the compensation you deserve.