No. Your insurance company has no say over lawsuit deadlines. The law does.

If you're unhappy with how your claim was handled, you may have a case for an insurance bad faith lawsuit. Before the 2013 Homeowner’s Insurance Reform Act, insurance companies often set shorter deadlines for filing lawsuits which limited policyholders' rights by reducing the time allowed by state law. 

As of January 1, 2014, insurers cannot impose deadlines shorter than the statute of limitations. Contact a litigation lawyer if you see such a clause in your policy.

Insurance companies are like other business ventures: They aim to make profits. Insurance adjusters often search for loopholes instead of honoring coverage, and policies may include confusing or conflicting exclusions. A skilled attorney can help you interpret these provisions and secure the benefits you deserve.

Insurance bad faith happens when insurers unreasonably: 

• deny or underpay claims

• misrepresent policy language

• fail to communicate

• use abusive or intimidating tactics

• delay investigations or claims processing

• refuse to defend or indemnify you when a third party makes a claim against you

These actions violate Colorado law.

The difference between common law bad faith and statutory bad faith is the standard of proof required to show bad faith.

Common law bad faith shows that the insurer recklessly or deliberately ignored the insured’s rights under the policy. Statutory bad faith shows that the insurance company delayed or denied payment without a good reason.