How Long Does a Car Insurance Claim Take to Settle? Today we are coming your way with another insurance article that will answer one of the most important questions that you will ever ask if you have insurance. The question is also about auto insurance, and that question is how long does a car insurance claim take to settle? We have answered so many insurance claim settlement questions on this blog before, so you can check around to find them.
Our focus for today is the car insurance claim period. If you have found a car or auto insurance, you will be asking yourself this question. And as usual, we are going to provide answers to that question and also ask ourselves several other questions to better understand the main answer we are going to provide in this article. Without further waste of time, do go ahead and jump in.
How Long Does a Car Insurance Claim Take to Settle?
Let’s not waste any more time. Let us go ahead and move straight to the answer to the question. The length of time it will take an insurance claim to settle is totally dependent on the type of damage the car has and also the law of the state. If the type of damage to your vehicle is minor, then it might definitely take a few weeks for it to get fixed by the insurance company.
On the other hand, if the damage to your vehicle is great and is definitely going to take the maximum time all car insurance claims take, However, if you are staying in a state where there is a statute of limitation on car accident insurance claims, then you should just wait until the time is exhausted. All states have their own different statute of limitation in which an insurance company must pay out claims.
How Long Does a Car Insurance Claim Take to Settle by the State?
If you are in America and you have your car insurance in any part of the country, there are certain rules that force insurance companies to pay claims within a certain time frame. This is what we call the “statute of limitation.” It is the time frame in which an insurance company must pay out a claim. so that drivers are easily protected and can drive with peace of mind when on the road.
In many states in America, like in New York or California or others, an insurance company has at least 45 days to acknowledge and payout claim settlements. Therefore, if the time frame has been exhausted and you are in New York, you can simply call your insurance company to demand why they have not yet paid.
What are the Types of Car Insurance Claims?
Car insurance claims are grouped into two, which determine the time frame in which an insurance company can pay out a settlement. How long a car insurance claim takes to settle totally depends on the type of car insurance claim that you are filing. If you are filing a car insurance claim that takes less time to settle, then you are going to get your settlement soon and vice versa.
Car Insurance Claims can take less time to reach a settlement
The first group of insurance claims is the car insurance claims that take less time to settle. Of course, these are claims that take less time to receive a settlement from your insurance company. They are listed below:
Car insurance claims can take more time to reach a settlement.
The types of claims that take a long time to settle are many more than those that take less time to settle. They take more time because they involve other factors that need to be settled before the settlement can be paid. Claims in this category are listed below.
- Personal injury and medical bills
- Physical damage
- Total loss claim
When should you file or not file a car insurance claim?
After an accident occurs, you do not just rush to file a car insurance claim. This is because he might actually end up paying more money than if you fixed the damage yourself. This means that there are times when you should avoid filing a car insurance claim. That being said, below are some of the scenarios where you need to file or not file a car insurance claim:
- You should definitely file a car insurance claim if there was anyone else involved in the accident apart from you.
- How much is the damaged repair going to cost to fix compared to your deductible? If the damage is less than your deductible, then you shouldn’t bother filing a claim.
- The type of claim you are filing, for example, if you damage your own property or damage someone else’s property.
All of these and more are what you need to take into consideration before filing a claim so that it does not end up being a problem for you. Instead of you filing a claim on spending more money, you should definitely go and fix the damages yourself.
Car Insurance Claims Frequently Asked Questions.
How do I speed up my car insurance claim settlement?
The best way to speed up your car insurance claim settlement is to make sure you are filing a claim and providing all the evidence the company needs to investigate it. It is during the investigation process that claims take time to get settled, so make sure you provide the appropriate evidence so that the company can easily investigate and conclude.
Who is involved in the claims process?
The claim process does not just involve you; it involves a number of people and parties before settlement can be reached. All the parties involved are listed below:
- Drivers involved in the incident
- Insurance adjusters from the involved companies
- Auto mechanics
- Healthcare facilities and
- Staff Lawyers, if there are disputes or lawsuits.
How long after an accident can you file a claim?
The length of time you have to file a claim is totally dependent on your statute of limitation in your state. But you should definitely file your car insurance claim as soon as possible after an accident or course. so that the investigation can be carried out quickly and the settlement paid.
What is an Insurance Adjuster?
An insurance adjuster is the one that is responsible for readjusting your claim so that it suits your policy and you can get paid easily. They simply make changes to your claim and remove what is not supposed to be in it so that the insurance company can tell you the settlement.