Factors Influencing Homeowners Insurance Claim Approval and Payment
The time it takes for a homeowners insurance claim to be approved and paid can vary depending on several factors, such as the complexity of the claim and the insurance company’s policies and procedures. In general, it can take several weeks to several months just for an adjuster to even review the claim and make a decision on whether it is covered by the policy.
Straightforward vs. Complex Claims
For straightforward claims with complete documentation, it may be approved and paid within a month, but the dollar amount is always an issue. However, if the claim is more complex, such as those involving significant property damage like hurricane damage, it may take longer as the insurance company may need to conduct a more thorough investigation.
Florida’s 90-Day Rule for Property Insurance Claims
It’s important to note that the State of Florida gives property insurance carriers up to 90 days just to make an undisputed/initial payment on your claim. This means they have three months to pay whatever amount they deem appropriate, we’ve even seen insurance companies deny claims on the 89th day.
Importance of Hiring Florida Loss Public Adjusters
If the carrier makes payment within 90 days, and we believe there is supplemental money for your loss on the table, then there is no timeframe as to how long the rest of your claim fight will take. This is why it’s best to get Florida Loss Public Adjusters to help you from the beginning, thus hopefully getting you every penny you deserve within the first 90 days. It doesn’t always happen, but we will not rest until you are properly compensated for your loss.