How Long Will My Property Insurance Claim Take?
If you are one of the thousands of people who are considering filing a property insurance claim or have already filed, you may be wondering how long the process will take before your claim is either approved or denied by your insurance company. While the answer to that question may depend on a variety of factors, there are a number of things that you might do to either expedite – or delay – the process. Additionally, depending on where you are located, there may be laws that require your insurance company to make a decision in a specific amount of time. Here are a few factors that may affect how long it will take your property insurance claim to get resolved, and some helpful tips on how to expedite the process.
How State Law Can Affect Your Property Insurance Claim
The claims process can vary by state. A number of states do not specify a time frame for property insurance claim decisions but require that they be made in a reasonable amount of time. Insurers typically have the option to ask for more time if they require further investigation. A few states, like California, place exact time restraints on how long an insurance company has to make a decision. These time frames can range from 10 to 40 days. Those states typically allow for the insurance company to ask for an extension if they cannot come to a decision in the allotted time.
In Florida, an insurer has to acknowledge your claim with 14 days. It typically has to pay or deny your claim within 90 days of receiving notice of the claim.
How To Expedite The Property Claims Process
Fortunately, there are a number of things that you can do in order to potentially speed up the property insurance claims process. First, keeping a list of all of your personal property and valuables, preferably with receipts, will make the claims verification process much more streamlined and efficient. Secondly, reporting your loss as soon as it happens could prevent lengthy delays in the insurance company’s processing of your requests.
Connected to reporting your loss is taking the time to document it. The most effective way of doing this is by taking detailed photos. Saving all correspondence between you and your insurance company may also cut back on the back and forth and could eliminate redundant requests. Lastly, going over your policy in finer detail, and making sure that you comply with all requirements and formalities on reporting your loss, can expedite this process.
Incorrectly filling out paperwork or simply forgetting to include required documentation will only serve to delay your claim from being processed. Any delay on your part ultimately may contribute to delaying the claims process.
Contacting An Attorney
The attorneys at The Louis Law Group specialize in getting property insurance claims approved. We will work with you to make sure that you submit all of the required documentation to get your claim processed fairly and quickly. If you are considering filing a property insurance claim, please do not hesitate to reach out to our office for a free no-obligation consultation by calling (954) 676-4179 or by contacting us online today.