How Long Do Insurance Claims Take?

No matter what kind of claim you're making, theThere are a few things you can do to speed up your
settlement of your insurance claim could takeclaims. The first is to stay on top of it. You should
months, even years. Commercial claims on buildingsknow what stage your claim is in, what has been
and vehicles are often complex with reams of reddone and what remains to be done, and
tape. Domestic claims - homeowner's, life, and vehicleapproximately how long it is until you can expect to
insurance - are less complex, but involve thehear a decision. This often entails keeping very good
often-unprepared policy holder doing battle with anrecords as well as calling weekly or even daily to
insurance company that is long skilled with denyingcheck on what's happening. The person to deal
claims.directly with is your claims adjuster.
Your first weapon understands how long your claimsIf your adjuster does not give you good results in
should take. Small cases, like vehicle damage, shouldwhat you consider to be a timely manner, ask to
be taken care of right away. More than a businessspeak to his or her supervisor. A good supervisor can
week is too long. Medical cases should also beget your claim expedited.
handled quickly, though they may take a bit longer,If your claim is a large one and especially if you're
up to a month or more if the case is complicated.nervous about the possibility of the claim being
Life insurance should be settled, also, within a monthdenied (as in when floods cause large numbers of
of filing provided there is no controversy surroundinghomes to be damaged and make it more likely for
the death.the insurers to deny claims) you might need to hire a
Home insurance and business insurance are a littleloss assessor.
different. First, with your business, if you haveHow a Loss Assessor Can Help
business interruption insurance with the same insurerA loss assessor is to you the same as the claims
that covers your premises, you may be able getadjuster is to the insurance company: an ally who will
them to move faster as every day they don't paylook at the damage done and try to come up with a
you is another day they pay on the other policy.fair price to cover the claim. He often has a claims
Regardless, in both home and business settlement willadjustment background, and will be able to deal with
take a little longer than other policies, particularly ifthe insurance company better than you ever could.
the damage was caused by a natural disaster thatAlthough a loss assessor will cost you money, the
caused problems elsewhere as well. If you takeincrease in your settlement he may be able to get
pictures of everything yourself, you may be able toshould more than offset his cost to you, and in
speed up this process; if it takes more than a coupleaddition he will be able to protect your future claims
of days for the claims adjuster to make it out towith your insurance company. Whenever you have a
your site, you should take those pictures yourselflarge claim it is worth looking into a loss assessor for
anyway to document how much damage was done.professional and intelligent advice.