How Long Does an Insurance Company Have to Settle a Claim?
An insurance company has between 10 and 45 days to settle a claim in most states, and it takes about 30 days on average to settle an auto insurance claim. For example, New York insurers must pay a claim within 35 business days, while Virginia insurers must settle a claim “reasonably promptly.”
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Insurance companies must always abide by state laws, which are sometimes divided into separate timeframes for acknowledging a claim, deciding a claim, and paying a claim. The table below lists the total amount of time an insurer has to complete the process.
Reading: How long to settle auto insurance claim
how long auto insurance companies have to settle a claim by state
status
claim settlement time limit
alabama
75 days
alaska
40 business days
arizona
40 days
arkansas
45 business days
california
85 days
red
“reasonably soon”
connecticut
“with reasonable promptness”
delaware
45 days
florida
64 days
georgia
40 days
Hawaii
45 days
idaho
“reasonably and promptly”
illinois
45 days
indiana
“reasonably soon”
iowa
75 days
kansas
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25 business days
kentucky
45 days
Louisiana
“reasonably soon”
main
“within a reasonable time of receipt of written notice”
maryland
30 business days
massachusetts
“quickly”
michigan
“quickly”
minnesota
45 business days
mississippi
40 to 50 days
missouri
25 days
mountain
“reasonably soon”
nebraska
45 business days
snowfall
80 business days
new hampshire
35 business days
new jersey
between 40 and 100 days
new mexico
“reasonably soon”
new york
35 business days
north carolina
“reasonably soon”
north dakota
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with “reasonable promptness”
ohio
46 days
oklahoma
75 days
oregon
60 days
pennsylvania
25 days
rhode island
55 business days
south carolina
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with “reasonable promptness”
south dakota
no specific requirements
Tennessee
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with “reasonable promptness”
texas
35 business days
utah
45 days
vermont
35 business days
virginia
“reasonably soon”
washington
45 business days
west virginia
40 business days plus a “fast” investigation
wisconsin
10 days
wyoming
“reasonably soon”
what to do while waiting for a claim to be settled
While you’re waiting for an insurance claim to be resolved, you can help expedite the process by responding quickly to any requests for information.
If your claim is taking too long to resolve, you have several options. You can start by asking your insurer directly what is causing the delay. If you do not receive a satisfactory response, you may contact your state insurance regulator for assistance. And if you think your insurer is acting in bad faith, you may want to hire an attorney.
for more information, check out wallethub’s complete guide to auto insurance claims.
Source: https://amajon.asia
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