Did your insurance company reject your claim?
If you’ve ever found yourself in a situation where your insurance claim has been denied, don’t worry, you’re not alone. It can be really frustrating and confusing to have your rightful claim rejected, especially when you’ve been paying your premiums faithfully.
That’s where we come in. We’re a team of experienced lawyers in Denver who specialize in insurance disputes. We fight for the rights of policyholders like you, and we know all about insurance laws and the legal landscape.
At Callender Bowlin, we firmly believe that insurance companies should act in good faith and honor their contractual obligations. If you’ve been unfairly denied coverage, we can help.
What are the possible reasons for an insurance dispute?
Insurance is a crucial component of our lives, providing us with a sense of security and peace of mind for our health, properties, and businesses.
Nonetheless, it can be a frustrating and stressful experience when your insurance company denies or undervalues your claim.
Unfortunately, such occurrences are more common than we realize, and there are numerous reasons for it. These reasons include disagreements over policy interpretation, bad faith practices by insurance companies, delayed processing, underpayment, and undervaluation of claims.
If you are in an insurance dispute, it is imperative to go through your policy carefully, collect all relevant documentation, and seek the assistance of a legal professional to resolve the matter.
What are the steps that I should take when facing an insurance dispute?
The insurance market in the United States is a global leader, and according to a Statista report, America’s insurance industry writes more than $1.36 trillion worth of premiums every year.
But what do you do if you believe that your insurance company unfairly denied your claim? To successfully navigate the complexities of an insurance dispute, it’s essential to understand your coverage and rights.
Take the time to review your insurance policy in detail. Additionally, keep track of all communication with the insurance company, including emails, letters, and conversations, as this evidence can be valuable if needed.
Document all damages and losses you incurred as a result of the incident and report your claim to the insurance company promptly. This can prevent potential complications down the road.
If you’re struggling with the dispute, consider seeking legal advice from a reputable insurance law firm. An experienced attorney can guide you through the process, negotiate on your behalf, and fight for your claims.
By following these steps, you can gain a better understanding of the dispute and increase your odds of a successful outcome.
What are the commonly filed insurance claims in Denver?
Bad Faith Insurance Claims
There are a variety of ways in which bad faith insurance can manifest, but essentially it refers to any behavior by an insurance provider that violates their obligation to treat the insured fairly and honestly.
When you acquire a policy, you enter into a contract with your insurance provider that should give you confidence that they will honor the terms of that agreement.
There are several common examples of bad faith practices, including denying claims that should be approved, taking an unreasonably long time to process claims, offering inadequate settlements, and misrepresenting the extent of coverage under the policy.
In fact, a 2022 global report from Accenture reveals that insurance premiums worth a staggering $170 billion may be jeopardized in the next five years due to poor claims experiences.
The report highlights that 31% of policyholders were dissatisfied with their home and auto insurance claims handling experiences in the last two years. Settlement speed issues were cited by 60% of these policyholders, while 45% reported issues with the closing process.
If you’re struggling with an insurance company that’s unwilling to provide coverage or reimbursement, then it’s imperative to seek the help of a seasoned bad faith insurance claims attorney.
Property Damage Claims
As a property owner, it can be truly heart-wrenching to witness any damage caused by natural calamities, accidents, or even deliberate vandalism.
Such damage to either real or personal property is commonly known as property damage, which can range from home wreckage to a car collision or a chemical spill on a piece of land.
This can happen unexpectedly at any time and any place, caused by natural disasters, poor construction, or accidents.
In fact, according to the Insurance Information Institute, 6% of all insured homes filed an insurance claim in 2020. And out of all the homeowners’ insurance claims made that year, 97% were related to property damage.
Thus, it’s crucial to have an experienced property damage lawyer on your side in these situations.
Hail Damage Claims
According to the latest report by CCC Intelligent Solutions, certain states have experienced a significant rise of 24.5% in losses for a quarter resulting from hail damage.
Notably, Colorado is notorious for its hail season, which usually lasts from mid-April to mid-September. The Front Range of Colorado is located in “Hail Alley,” which makes it experience the highest frequency of massive hail storms in North America and the rest of the world.
Residents should expect around three to four disastrous hail storms each year, causing at least $25 million in insured damages, as shown by the Rocky Mountain Insurance Information Association’s research.
Thus, with the prevalence of extreme weather conditions in Denver, a skillful hail damage attorney can help with your claim.
Fire Damage Claims
Fire damage can be caused by not only flames but also smoke and other harmful elements produced by the fire. Negligence, faulty equipment, or catastrophic events like wildfires are some of the common causes of fire damage that can destroy property, cause fatalities, or interrupt business operations.
In fact, in 2021, a tragic wildfire destroyed nearly 1,100 homes and businesses in Denver, leaving its residents with $2 billion in losses. It is said to be “the costliest in Colorado history,” the state government said as per the U.S. News.
In case your fire damage claim was undervalued or wrongly denied, our lawyers are here to assist you with your fire damage claims.
Wind Damage Claims
If a windstorm hits your area, the aftermath may leave you with overwhelming and devastating damage, causing significant harm to both your home and your finances.
A Lexis Nexis study revealed that wind, non weather water damage, hail, water damage, and theft are the most frequent causes of home insurance claims. These five causes alone account for 77% of all claims made by homeowners.
The Insurance Information Institute also conducted research during a five-year period (2016-2020) and concluded that wind and hail accounted for the largest share of claims.
If you live in Colorado, then you know how unpredictable windstorms can be. From roof damage to fallen trees and flying debris, windstorms can cause significant damage to your property.
These claims can be quite complex and challenging to navigate without legal assistance. So, to ensure that you get the compensation you deserve, contact one of our lawyers.
Water Damage Claims
Water damage occurs when water is present in areas where it should not be, causing harm to a structure. This damage can be caused by various factors, including natural disasters, flooding, leaks, broken pipes, and malfunctioning appliances.
Floods are the most frequent and expensive natural calamity in the United States. The government said that even an inch of water in an average home could result in over $26,000 worth of damage.
Therefore, it’s vital to tackle flood and water damage as soon as possible to avoid severe consequences like health problems, structural damage, mold development, and electrical issues.
How to Choose an Insurance Dispute Lawyer
When it comes to insurance disputes, having the right lawyer on your side can make all the difference.
Choosing a skilled and experienced team is essential to ensure that you receive the compensation you deserve.
Here are some key factors to consider when selecting a law firm for your case:
First, experience is key. Be sure to find a lawyer who has handled a variety of insurance disputes and has experience in both negotiation and litigation.
It’s also important to choose someone who has worked on cases similar to yours.
Second, knowledge is power. Your lawyer should have a deep understanding of insurance law and the legal system in Colorado.
Look for an attorney who stays up-to-date on the latest legal developments and has a proven track record of success.
Third, communication is vital. You want a lawyer who will communicate with you throughout the process and keep you informed of any developments in your case.
Choose someone who is responsive to your questions and concerns and can explain the legal process in a way that’s easy to understand.
And lastly, personal attention is crucial. Your case is important, and you want a lawyer who will give it the attention it deserves.
Find someone who will take the time to get to know you and your case and will work tirelessly to achieve the best possible outcome for you.
Hire An Experienced Legal Team in Denver
At Callender Bowlin, we do all of that for our clients and more. We’ll review your policy, assess your situation, and provide you with honest and practical legal advice.
Callender Bowlin LLP
1550 Wewatta St
Denver, CO 80202