How Long Do Insurance Claims Take?
No matter what kind of claim you’re making, the settlement of your insurance claim could take months, even years. Commercial claims on buildings and vehicles are often complex with reams of red tape. Domestic claims – homeowner’s, life, and vehicle insurance – are less complex, but involve the often-unprepared policy holder doing battle with an insurance company that is long skilled with denying claims. Your first weapon understands how long your claims should take. Small cases, like vehicle damage, should be taken care of right away. More than a business week is too long. Medical cases should also be handled quickly, though they may take a bit longer, up to a month or more if the case is complicated. Life insurance should be settled, also, within a month of filing provided there is no controversy surrounding the death. Home insurance and business insurance are a little different. First, with your business, if you have business interruption insurance with the same insurer that covers y
