At Dormer Harpring, our Denver life insurance bad faith attorneys work with beneficiaries who are dealing with unfair bad faith tactics used by a life insurance company. If your payout has been unfairly denied, diminished or delayed by an insurance company, we can help you pursue the benefits you deserve under the terms of the policy. Contact us today to start with a free case consultation with a knowledgeable life insurance bad faith attorney.
What Is the Covenant of Good Faith and Fair Dealing?
Like all insurance companies, life insurance providers are legally required to adhere to the “implied covenant of good faith and fair dealing” under contract law. This is a presumption that the parties that are privy to a contract will deal with each other in a way that is fair, honest and in good faith. Insurance bad faith refers to an insurance carrier violating the rights of a policyholder by breaching the covenant of good faith, often in an attempt to save money on the client’s payout.
How Life Insurance Companies Act in Bad Faith
Life insurance is a contract between a policyholder and an insurance carrier that guarantees a certain amount of money paid to beneficiaries should the policy owner die (death benefits) in exchange for premium payments. Unfortunately, life insurance providers may deal with claimants and beneficiaries unfairly in an attempt to protect their profitability. Examples of life insurance company bad faith include:
Wrongfully or unreasonably rejecting a life insurance benefits claim
Failing to pay benefits according to the terms and limits of the policy
Misrepresenting the terms and provisions of the policy at the time of purchase
Failing to properly inform the insured of a pending lapse or provide a grace period
Unnecessarily delaying the investigation or processing of a life insurance claim
Refusing to offer a fair or reasonable payout based on the language of the policy
Insurance companies are for-profit businesses. Despite promises to preserve the interests of clients, on-time premium payments from the policyholder and the covenant of good faith, a life insurance company may put itself first and engage in bad faith practices to protect its profits. In these situations, wronged policyholders can protect themselves by hiring life insurance bad faith attorneys.
How a Denver Life Insurance Bad Faith Lawyer Can Help
Hiring an attorney to represent you as a victim of life insurance company bad faith can turn your claims experience around. Your lawyer can provide greater peace of mind during this difficult time in your life – explaining and protecting your legal rights while you grieve the loss of your loved one and navigating the confusing life insurance claims process for you.
Your lawyer can take over communications and negotiations with a life insurer to fight for the benefits to which you are entitled. If you are faced with insurance bad faith tactics, your lawyer can bring a cause of action against the insurer for you to pursue a fair financial recovery. You can trust your attorney to settle your case as quickly, efficiently and effectively as possible.
Speak With a Denver Life Insurance Bad Faith Lawyer Today
You may be entitled to financial compensation as a victim of life insurance bad faith in Denver. Contact the attorneys at Dormer Harpring, LLC for a free consultation about your case. Our Denver insurance bad faith lawyer will review your situation and tailor our legal services to help you recover the insurance benefits you need. We are committed to protecting our clients from life insurance company bad faith. Call us at (303) 747-4404 today to learn more.
