A first-party bad faith claim arises when a policyholder makes a direct claim with his or her insurance company, and the insurance company, in bad faith, denies or refuses the claim, delays the claim, or pays only part of the claim. If you are a policyholder and believe that your insurance company is acting in bad faith, you should contact a bad faith insurance lawyer to discuss your rights.
Make sure to document your interactions with your insurance company. Take notes during and after phone calls with insurance company representatives. Save any emails you exchange with your insurance providers. Ask your insurance company to provide support in writing for its decisions.
A first-party bad faith claim arises when a policyholder makes a direct claim with his or her insurance company, and the insurance company, in bad faith, denies or refuses the claim, delays the claim, or pays only part of the claim. If you are a policyholder and believe that your insurance company is acting in bad faith, you should contact a bad faith insurance lawyer to discuss your rights.
Punitive damages are damages awarded by a court to punish a defendant’s harmful conduct. In Colorado, punitive damages may be awarded for a bad faith breach of an insurance contract if the breach is accompanied by circumstances of fraud, malice, or willful and wanton conduct.