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

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My Insurance Claim: 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 is certainly important to you. 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 877-BICE-877 today.


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