![]() ![]() If the insurance company denies a claim, they must give a reason for the denial. It’s considered an unlawful, deceptive trade practice under Florida law 634.336 for an insurance company to fail to accept or reject a claim within a reasonable period of time after a claimant submits proof of loss. Instead, the insurance company has a reasonable period of time to affirm or deny coverage. There’s no hard-and-fast rule for how long an insurance company has to settle a claim when it’s not a PIP claim. ![]() Related: Do’s and Don’ts of Car Accident Insurance Claims in Tampa, FL General Insurance Claims For a PIP claim, the insurance company has 30 days to pay or deny the claim. Florida has laws that apply to all car accident insurance policies and laws that apply specifically to personal injury protection PIP (no-fault) claims.įor a general insurance settlement, the insurer just has to investigate and pay or deny the claim within a reasonable period of time. The exact answer to how quickly the insurance company has to settle a claim in Florida is that it depends on the type of the claim. How Long Does the Insurance Company Have to Settle a Claim in Florida? Here’s what you should know about how long an insurance company has to settle a claim. You might wonder how long the insurance company has to settle a claim in Florida and whether you will need to work with a car accident lawyer to get the compensation you need. Fortunately, Florida’s no-fault insurance laws are there to protect you, and there’s a good chance that there’s an insurance policy that covers your losses. It isn’t long before it can seem overwhelming. You may have lost your mode of transportation. You likely have medical bills, property damage, and lost work. When you’re hurt in a car accident in Florida, your bills can pile up quickly. ![]()
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