What Happens When Insurance Companies Don’t Pay Claims?

Insurance companies will not always honor obligationsInsurance companies will not always honor their obligations. This is because insurance companies are businesses, and their purpose is to make profits. Unfortunately, this means they frequently give policyholders less than they deserve. For people who have just survived an accident, an insurance dispute is an exhausting hurdle to overcome.

Our blog recently covered the Colorado court case Steffan Tubbs v. Farmers Insurance Exchange to show what can happen when insurance companies don’t pay up or pay less than is deserved. Stefann Tubbs had been involved in an accident with an underinsured motorist and suffered damages in excess of $100,000.

When he tried to recover additional damages under his UIM (underinsured motorist) policy, Farmers Insurance denied his claim. Stefann hired an attorney, and eventually was successful in recovering additional compensation under his UIM policy. The story is a reminder that sometimes, the help of a professional is needed to make sure insurance companies stick to their obligations.

Should You Hire an Attorney to Handle an Insurance Dispute?

Sometimes insurance companies act in bad faith. When insurance companies act in bad faith, they might deny your claim for no reason, refuse to pay your claim, use shady tactics to reduce the value of your claim, or fail to investigate your claim. Insurance companies may try to request excessive paperwork, knowing that you are unable to comply due to your injuries.

What does this mean for you? Compensation that may have covered your medical bills, lost income and property damage are unfairly stripped away. Depending on your injuries and property damages, this can be an expensive setback.

The good news is that experienced attorneys are well-versed in holding insurance companies accountable for acting in bad faith. If you feel your insurance company has acted in bad faith, do not hesitate to contact us. We can evaluate your case at no cost.

The Wyoming and Colorado car accident attorneys at Metier Law Firm, LLC are dedicated to helping people who have been injured by the negligence of others.

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