Insurance Claims: Does the Insurance Company Have a Time Limit for Payment?

Insurance Claims: Does the Insurance Company Have a Time Limit for Payment?

If you’ve been injured in an accident that was caused by someone else’s negligence, you’re relying upon the insurance company to do the right thing. In fact, receiving prompt payment from the insurance company can help you make it through this difficult time more comfortably and can help ensure that you reach your fullest recovery. If the insurance company takes its own sweet time in the matter, it can exacerbate the damages you’ve suffered. If you have concerns about an insurance claim, consult with an experienced North Carolina/South Carolina personal injury attorney today.

Do Insurance Companies Face Time Limits?

If you’ve brought a claim with an insurance company, being paid in a timely fashion matters. Further, if it’s your own insurance company – to whom you’ve been faithfully paying premiums for who knows how long – it can make the wait that much more frustrating. Generally, insurance companies are required to pay a claim within a reasonable amount of time. Unfortunately, there is no exact definition of what constitutes a reasonable period of time. As you may have guessed, your idea of what’s reasonable and the insurance company’s idea could be very different.

Your Claim

The fact is that a reasonable amount of time for your unique claim may vary significantly from the reasonable amount of time required for another claim. The more complicated the claim, the lengthier the claims process is likely to be. A variety of variables can play a role in how long your accident claim will take to process completely, and these include:

  • The length of time it takes you to provide the insurance company with the necessary documentation
  • The degree of complication involved in the accident
  • The legitimacy of any disputes made by either you, the other party, or the insurance company
  • Any mitigating circumstances that could affect your claim and that need to be investigated

Although there are complicating factors that can slow down the claims process, that does not mean that the insurance company shouldn’t take every reasonable action to resolve your claim within a reasonable amount of time.

The Insurance Company

The insurance company involved has a duty to you to resolve your claim in good faith within a reasonable amount of time. Insurance companies, however, sometimes engage in slow-down tactics that are anything but good-faith efforts. If you have a personal injury claim, it’s in your best interest to work closely with an experienced personal injury lawyer.

If Someone Else’s Negligence Leaves You Injured, Contact a Skilled North Carolina/South Carolina Car Accident Attorney Today

If you’ve been injured by someone else’s negligence, attorney Justin Bice at Bice Law – with offices in South Carolina and North Carolina – is on your side. Mr. Bice is committed to skillfully negotiating with the insurance company for the timely payment of the compensation to which you are entitled. To learn more, please don’t hesitate to contact or call us at 803-639-8777 today.

 

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North & South Carolina Insurance Claim FAQs

A question mark on a chalkboardIf someone else’s negligence leaves you injured in a car accident, a slip and fall, or in any kind of accident, you’re going to be dealing with an insurance company. And you’re probably going to have questions. Knowing the answers to frequently asked questions related to insurance claims can help. If you’ve been injured by the negligence of another, a North Carolina/South Carolina personal injury attorney can help.

Should I Accept the Insurance Company’s First Offer?

If you’ve made a claim regarding your personal injury claim and the insurance company comes back with a speedy offer, it’s in your best interest to consult with an experienced personal injury lawyer before you accept that offer. It’s important to recognize that the insurance company is motivated by profits, and if it’s making you a speedy offer, there’s a reason that very likely protects their interests more than it protects your own interests. Even if the offer takes a while, do yourself a favor and run it by an experienced personal injury attorney – accident claims are complicated, and once you have accepted an offer there’s generally no going back.

Do I Really Need a Lawyer?

If you have a personal injury claim, you very likely need an experienced attorney on your side. Injuries sustained in an accident can leave you with overarching negative consequences that affect your future, including:

  • Medical expenses
  • Lost hours and wages on the job
  • Pain and suffering

The fact is that you probably won’t know the full extent of the damages you’ve suffered until considerable time has passed. A knowledgeable personal injury attorney will work closely with you to ensure that your best interests are well protected and that the unique circumstances of your claim are taken into careful consideration.

Why Was My Claim Denied?

If your personal injury insurance claim is denied outright, it’s important to recognize that this isn’t necessarily the final answer.  Some insurance companies aren’t above denying claims at the outset – in an effort to bolster profits – even valid claims. Often, insurance companies deny claims based on liability, which means they claim that the negligent party wasn’t actually at fault for the accident or that the accident in question wasn’t the source of your injuries. If someone else’s negligence caused you to be injured, these are likely ploys on the part of the insurance company to discourage you from seeking the compensation to which you are entitled.

If You’ve Been Injured in an Accident that Was Caused by Someone Else’s Negligence, Consult with an Experienced North Carolina/South Carolina Car Accident Attorney Today

A car accident can leave you seriously injured – with serious financial damages. Attorney Justin Bice at Bice Law – with offices in South Carolina and North Carolina – has the experience and dedication to help. Mr. Bice is proud to serve the Carolinas and is committed to aggressively advocating for your rights. We’re on your side, so please don’t hesitate to contact or call us at 803-639-8777 for more information today.

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