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The laws vary from state to state concerning time requirements on reporting/responding to losses. Additionally, many states do not have a specific insurance regulation saying that a claim must be settled in xx amount of days. There are, however, other relavent statutes that apply to claims. For example, the insurance company may be required to acknowledge your claim and assign a claim number to it within 10 days (working days, calendar days). Your best bet is to call your department of insurance to find out what time limits the insurance company is legally bound by. The DOI in your state probably has a web site that you can search around in.
What else can I help you with?
Can my insurance company drop my insurance in the middle of a claim?
Generally no. Please provide more details. Are you paying the premium?
Can you use the other party's car appraisal estimate in a car accident claim?
You will use the estimate from whichever insurance company that is paying out on the claim. The adjuster from that insurance company will be the final decider.
What is the purpose of the proof of loss in the insurance claim?
So people won't make all kinds of false claims just to get money from an insurance company. With the dishonesty in society we can't blame insurance companies for wanting proof of loss before paying a claim.
If your insurance company drops you before a claim is settled how do you get insurance coverage on your home?
They should not drop you before a claim is settled. If they have contact your state department of insurance and file a complaint.
Will the insurance company accept your claim on a vehicle that is stolen if your late on your car payments?
They will accept almost any claim, paying it is another matter.
Who is a good insurance group?
American empire insurance company is a good insurance company with a rating of A+ based on their financial strength, claim paying ability. It has a great customer services crew as well.
What effect does a claim has on insurance company?
A claim is a liability on part of the insurance company. If a customer makes a claim it means that the insurance company has to pay the customer for the amount is eligible to claim and hence it is a expenditure on the balance sheets of the insurance company.
What do you say to the insurance company when no one was cited in an automobile accident?
Report the claim anyways. Tell the truth and let the insurance company decide how to proceed. Remember, if you are paying for the insurance, you should expect claims to be paid if you have the coverage.
What if the delay in filing an insurance claim is the fault of the insurance company?
That's not very likely. The insurance company does not file your claim, they accept your claim notice from you. You have to file your claim with the company, not the other way around.
Can I be sued for a bad faith insurance claim?
Usually in a bad faith insurance claim the insurance company is in the wrong. A bad faith claim is when an insurance company fails to pay out what was promised on the claim. More than likely you could sue the insurance company and have a chance at winning your case.
Does your home insurance cover damage if you claim for the same damage but with another insurance company before?
good way to get hit with an insurance fraud charge
Can the insurance company deny your claim if another person crashes your car and they think they live with you and are not on the policy?
Absolutely. If they are a household resident or if they are a regular driver they must be listed on the application for insurance. You have a contractual obligation to notify the insurance company if residence and drivers. If you don't then you are in violation of the contract and have committed material misrepresentation. This gives the company the right and obligation to deny the claim. An insurance application and policy are legal binding contracts. If you fail to comply with the terms of the contract in order to cheat the company out of premiums why should they comply with their terms and pay the claim. Insurance companies are audited by the State Department of Insurance and get in trouble for paying claims they shouldn't just as they will for not paying claims they should.
