Text Size:
Decrease fontDecrease font
Enlarge fontEnlarge font
Home > Insurance > Home Owners/Renters > FAQ > Claim Settlement
  Home Owners/Renters Insurance Center
Home Insurance Q&As   Back to Resources  
« Back to FAQ Next Question »  

Question 6 of 16 in Claim Settlement

Is there a time frame that a company has within which to complete an investigation and settle a claim?


In most states, there are fair claim practices laws for insurance companies. A common standard is based upon what is "fair and reasonable." Be aware that there are many "bad faith" lawsuits filed against insurance companies for their failure to deal with their insureds in a "fair and reasonable" manner.

For state specific information, you can use our State Department of Insurance locator under Research Tools for your states specific information.
Satisfaction Survey
Please help us help all of our visitors to make informed buying decisions by taking a few minutes to tell us about your current insurance company. We value your views and experiences and want to make sure we provide helpful information to all of our visitors. We appreciate your participation in this survey.
Find an Insurance Agent
Step 1
Step 2
 
Powered by InsurancePages.com






Step 1		 Select Insurance Type
Step 2
 
Featured Articles
Freeadvice Investigates Homeowner's Insurers Of Last Resort

Shopping For Condo Insurance

Homeowners’ Policies For Older Or Historic Homes
Insurance Centers

Research Tools

Free Insurance Quotes

Insurance Company Reviews

Insurance Forum
 

Auto | Homeowners/Renters | Health | Life | Site Map | Privacy Policy | Media | About Us | Contact Us

FreeAdvice® has been providing millions of consumers with outstanding advice, free, since 1995.
While not a substitute for personal advice from a licensed professional, it is available AS IS, subject to our disclaimer and conditions of use.
FreeAdvice®, AttorneyPages®, ExpertPages®, and LegalSoapbox™ are units or affiliates of Advice Company.
All Rights Reserved © 1995-2008