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How long does an insurance company have to settle an auto claim?

April 26, 2017Auto claim COMPANY Insurance

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How long does an insurance company have to settle an auto claim?

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There is no specific time limit during which the company must come to a settlement agreement with an insured or a third party claimant.

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There is no specific time limit that the insurance company must come to a settlement agreement. However, once the person and the company have agreed in writing on a settlement amount, the insurance company must pay within 20 days or pay interest as provided by Florida Statute 627.4265.