How Do I Respond to a Reservation of Rights Letter from an Insurance Company? | Colorado Springs Injury Lawyers
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Filing a claim with an insurance company after being involved in a car accident, work injury, or slip-and-fall should be as stress-free as possible. However, the process does not always go as smoothly as we would like.
Although insurance companies offer to cover certain losses or injuries, this does not mean that they are obligated to cover all types of injuries arising from all types of accidents. If an insurance company believes that it can deny some or all of a claim, it will send you a reservation of rights letter. Understanding what this letter means and knowing what to do in case you receive one is a critical part of the claim filing and settlement process.
If you or a loved one is dealing with an insurance company after suffering an injury, or wants to learn more about a reservation of rights letter, call Zinda Law Group at (800) 863-5312 for a 100% free case evaluation with one of our experienced Colorado Springs personal injury attorneys.
What is a Reservation of Rights Letter?
A reservation of rights letter is a document sent to you by an insurance company. By sending you a reservation of rights letter, the insurance company is notifying you that it is reserving the right to deny some or all of your claim based on the terms and conditions of an insurance policy.
Although an insurance company may begin to process your claim, this does not necessarily mean that the company is taking responsibility for all of the damages that occurred. The circumstances regarding the accident may determine whether an insurance company will reserve the right to deny coverage. A reservation of rights letter thus acts as a warning to you that the insurance company may not have to pay out for all or some of a particular claim.
How to Respond to a Reservation of Rights Letter
It is important to remember that a reservation of rights letter is itself a very important document. Insurance companies send these letters to protect their legal rights. Understanding the letter’s significance should urge you to respond to it in a proper and timely fashion.
If you receive a reservation of rights letter, one of the first steps you should take is to contact the insurance company. Because these types of letters are very important and carry legal consequences, ignoring or failing to follow-up with one may lead to an unfavorable outcome with respect to a claim. Protect yourself and your claim by contacting the insurance company and asking why it believes your claim may not be covered.
If the insurance company’s responses to your questions indicate a possible denial of some or all of your claim, it is important for you to state your disagreement. Because saying nothing or agreeing with the company could eventually be used against you, simply inform the insurance company that you believe your claim should be covered.
If the insurance company’s denial of your claim still appears possible, you should consult with an attorney who is experienced when it comes to dealing with insurance or personal injury claims.
Our Colorado Springs Personal Injury and Insurance Attorneys Can Help
At Zinda Law Group, our Colorado Springs accident attorneys have the experience needed for dealing with personal injury and insurance claim cases. We have the knowledge and resources necessary to help you address the concerns that come with being involved in an accident and dealing with insurance companies.
Our firm also believes that a personal injury victim should never have to worry about their ability to afford excellent legal representation. That is why we offer 100% free consultations, and why you will pay nothing unless we achieve a favorable settlement, judgment, or verdict for your personal injury case. That’s our No Fee Guarantee.
If you would like to speak with an experienced Colorado Springs personal injury attorney, or to learn more about a reservation of rights letter, call Zinda Law Group at (800) 863-5312 to receive your free case evaluation.
Meetings with attorneys are by appointment only.