HOW LONG DOES AN INSURANCE COMPANY HAVE TO SETTLE A CLAIM? - INSURANCE CLAIMS TRAINING
Processing an insurance claim is a significant concern.
Did you know that the insurance company actually has a limited number of days to investigate and ultimately pay your claim?
But every state has its own laws and regulations.
There is no federal rule that gives companies a set amount of time because insurance companies are regulated at the state level.
I think some of those laws are changing pretty soon but either way, look it up in your state and find out what the limit is.
Make sure that they’re aware that you are aware that there is a time limit.
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They provide all of the necessary money that needed as needed to be done for the homeowner to go and move to another place whether there’d be a hotel or another home or whatever it is they bill through their insurance policies lost abuse coverage and they provide financial assistance so that the insured never has to incur any out-of-pocket expenses.
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