Insurance Issues after an Accident
Speak with an Experienced Denver Car Accident Attorney
After a car accident, an insurance policy is usually the source of compensation for property damage and personal injury claims. Especially after minor accidents, the insurance company will often pay the claim. The majority of claimants will accept this initial offer without dispute. This is often a mistake on their part.
The primary trouble most accident victims encounter is assuming the claims process is simple. To facilitate the accident claims process, take time when you purchase your policy to understand the extent of your coverage. This will help you avoid unpleasant surprises later if you need to file a claim.
Even for conscientious customers, issues sometimes arise. One of the most common pitfalls is waiting too long to file a claim. The likelihood of difficulties arising increases with each passing hour following an accident.
Contacting the insurance company should be among post-accident priorities such as filing a police report.
Disputed Insurance Claims
It is important to know that even when filed properly and timely, insurance companies can and do dispute claims. Usually, these disputes are over the amount that should be paid to adequately cover injuries and property damage.
It is important to collect all appropriate documentation after an accident.
This documentation should include:
- A copy of the police report
- Pictures of the accident scene
- Names and contact information of eyewitnesses
- All receipts for property damage, medical bills, & other expenses related to the accident
After suffering a personal injury caused by someone else, you will generally have to deal with the other individual’s insurance company and adjuster. Typically, they will try to rush you through the settlement process so that you are prevented from obtaining adequate compensation for your injury.
Good Faith Insurance Practices in Colorado
Whether you are dealing with your own insurance company or someone else’s, they all have an obligation under Colorado state law to act in good faith.
Among other things, these good faith practices include:
- A prompt investigation of the claim
- Open and ongoing communication concerning the claim
- Prompt payment of your claim, or
- A prompt denial of the claim with a reasonable written explanation for denial or any modification of the claim.
Insurance companies are not on your side. In fact, they are in business to make money – for themselves and their shareholders. Therefore, providers often instruct their adjusters on how to effectively minimize payouts to injured accident victims. Adjusters are often instructed to refuse compensation or employ delay tactics to hinder the claims process. They may attempt to confuse clients with legal jargon, or they may purposely offer a settlement far below the true value of the claim.
Call (303) 571-5302 to Speak to Our Denver Car Accident Lawyers!
When a negligent driver injures you or someone you love, you have a legal right to seek compensation for your injuries. This is not always easy because large insurance companies will do anything to limit your claim and reduce their liabilities.