Chad T. Wilson – Education
June 13, 2023
Updated: June 13, 2023 9:27 a.m.
How Long Does a Texas Home Insurance Claim Take?
You need money to pay for repairs as soon as possible if a calamity like a fire, hail, storm, or water damages your home. Insurance companies have strict guidelines for when you should pay your premiums, but they don’t use the same standards in cases where they are required to pay you instead of the other way around. The insurance claim procedure is governed by the Texas Department of Insurance; however, insurers don’t always abide by the regulations. When this occurs, you should always get advice from a knowledgeable Houston insurance claim attorney since you can be entitled to interest if your claim is not processed promptly..
What are the deadlines an insurance company must follow in Texas?
The business has 15 days from the time you notify them of the loss under the law before it must confirm receipt of your claim and begin an investigation. The firm will then dispatch an adjuster to assess the damage to your home. The insurance provider will be inundated with claims if a natural disaster strikes the area, and it can take them longer to send an adjuster to your home. You will also need to provide evidence of loss, an estimation of the cost of repairs, and a list of the things that were harmed by the covered incident. The corporation may be employing delay strategies if it continually requests additional documentation or switches the adjuster in charge of your case. The only thing you can do is request that they call your Houston homeowners insurance attorney. The business has 15 days from the time you submit the necessary paperwork to accept or reject your claim. If the insurance provider provides a plausible justification for the delay, they are permitted to extend the response window to 45 days. For instance, the insurer has 30 days to accept or deny liability if they suspect arson.
When will I receive my insurance funds?
How long does it take to process a house insurance claim? Your claim must be paid by the insurance company within five days. If they don’t, there might be a valid reason for the holdup; however, if they’re just stalling, your attorneys will remind them that they’ll also be required to pay interest on that money. That might hasten the process a little. However, if the business denies your claim, wait for the denial letter and take it right away to your attorneys. You have the ability to appeal the judgment if your counsel determines that the denial was unfair.
Important Deadlines for Home Insurance Claims
The text of your insurance policy, which is essentially a contract between you and the insurance company, often governs time frames for filing claims more so than state regulations. Texas home insurance rules, however, offer assistance to insureds in the state of Texas. The time frame for insurance companies to reply to a claimant once they submit a claim is particularly governed by Texas Code 542.056.
So how long do claims for home insurance take? And how long may a claim for house insurance be open?
Check your policy for the dates for how long you have to file a claim if you sustain damage or a sizable loss. Keep in mind that there may be other smaller deadlines, such as those for submitting specific papers, in addition to this major date. Learn more about the deadlines for insurance claims.
Providing your insurance company with loss information
The majority of insurance plans require prompt or predetermined notification. In any case, it is advised to inform the insurer as soon as possible after learning of a loss. If a wait lasts too long, insurance firms frequently try to prevent homeowners from receiving money from an insurance claim. They can claim that the homeowner’s tardiness has “prejudiced” them and that forcing the insurance provider to deal with the claim now that so much time has gone by would be unjust.