How Long Does It Take A Car Insurance Company To Settle A Claim?
It always pays to have a rough idea on some things about life before they happen. One question that a lot of people ask when there has been an incident with their automobile is, ‘How long does it take a car insurance company to settle a claim?’ the answer to this question is not as straight forward as one may expect. There are a lot of variables that come into play in determining how long a claim takes to be settled. It could be anywhere from a couple of days to months on end. Let us take a look at a couple of these factors.
What is the claim being made for?
When you ask yourself, ‘How long does it take a car insurance company to settle a claim?’ you will need to judge on basis of what the claim is for. An insurance claim about a fender bender will be resolved much quicker than a case of an accident involving half a dozen vehicles. A theft would also take significantly longer than a tiny accident claim.
The insurer and the insured
Just as one fast food restaurant would serve you your meals faster than the next, the same applies to the insurance company that you opted to go with. Insurance companies with a large amount of resources will settle your claim faster than their competitors.
If the insured is always for one reason or the other requiring insurance claims, a case may be opened to figure out why this is so common. Therefore, the question, ‘How long does it take a car insurance company to settle a claim?’ will have a different answer for a drunkard always getting into accidents.
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