Auto insurance coverage is a necessity for every driver in most states. And now that even students and teenagers can have their own cars and get in the road auto insurance really became a big business opportunity. Therefore it is not surprising to see several companies big and small popping out across the entire nation offering auto insurance services.
As a result of having a lot of companies offering the same kind of service an ever tightening competition in the industry also came in. This is the reason why insurance providers are coming up with different marketing strategies to allure consumers. Auto insurance companies offer same services at different rates. They also have a variety of discounts for consumers plus different promos. In a nutshell every company promises a satisfying service with their quality insurance.
However in some cases the cliché “promises are made to be broken” appears to be true. When the time comes that policyholders are necessitated by the situation to file claims, the promise of quality service disappeared all of a sudden leaving disappointed, dissatisfied and angry consumers.
One of the biggest issues concerning the claim services offered by auto insurance providers are the slow pace of processing claims. Thus more and more people are getting curious about the way insurers process their filed claims. How long does it really take for claims to be settled?
There is no universal rule or law stating a specific duration for insurers to process claims. Across states there are different insurance laws which guide and determine the period a claim should take. However insurance companies normally do not disclose to consumers specifically how long it would take them to settle claims.
The slow pacing of settling insurance claims is mostly because of the need to assess and verify every case. Filed claims are typically becoming stranded in the legal department of the insurance company. The legal department is where the company decides which insurance claims will be approved. Deciding such matter is not like deciding what clothes to wear, it involves investigation and thorough analysis given that among the claims can be scams. Also insurance claims are in nature a complex matter thus it would really take some time.
If your situation however could not wait for so long you can reach your claim adjuster regularly. Claim adjusters hold a key responsibility when it comes to insurance claims. They serve to investigate and interrogate both the claimant and possible witnesses of the accident. Also they gather and verify evidences. By constantly calling and updating the status of you auto insurance claim you will make the adjuster pull your file regularly which can make him prioritize your file.
