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Insurance Attorneys - 10 Legal Tips

in Denver and Aurora, Colorado

Many times, people fail to realize that insurance companies are large corporations, which don't necessarily have the interest of their policyholders in mind when settling claims.

We've provided ten of the insurance company secrets they don't want you to know:

1. Insurance companies can often benefit from you not fully understanding how your insurance plan works.
2. Insurance companies are obligated to interpret any poorly worded or misleading area of your claim in your favor, not theirs.
3. Insurance companies make their money by investing, so they want to keep their money where it's invested for as long as possible.
4. The insurance company can generate more revenue for themselves if they delay payment on your claim as long as possible, even if they do plan on eventually paying you.
5. Insurance companies will often offer you a lowball amount very early on, hoping you'll accept it rather than hold out for a more appropriate amount.
6. Your claim will be stronger if you have more evidence.
7. You are more likely to get more money from an insurance company if you have an experienced attorney on your side.
8. Legal recourse on your behalf may not be available if enough time passes after you settle your claim.
9. Insurance companies can be forced to pay punitive damages if it can be proven that they acted in any fraudulent or malicious way (bad faith).
10. Insurance companies are legally obligated to act in good faith regarding the content of their policies and the payoff of subsequent claims.

If you have been involved in an incident in which you need to file a claim with an insurance company, contact the Denver insurance attorney at Brake Law Firm today.

Since 1983 the Brake Law Firm have successfully served clients in Denver, Boulder, Lakewood, Aurora, and throughout Colorado in the areas of personal injury, medical malpractice, employment law, corporate law, individual services, and wrongful death.This website has been posted to the public for informational purposes only. No information within this site should be viewed as formal legal advise. Contact our Denver insurance attorneys today for a consultation.