Depending on where you are (I can only speak for the U.S.), there may be no restriction on how long insurance has to act on a claim. Some states to have a statutory limit for responding to a claim (for example, ten working days) and others, like Florida, do not. They allow market forces, such as auto repairers and customers, to force action. In most states, the funny part is, you have a statutory limit on how long you have to FILE a claim. Quaint, isn't it?
The time limit to file for an insurance claim in Illinois depends on the type of claim it is, such as house or car. Typically you have one year form the date of the incident to file. Your insurance company may set different limits.
the standard policy says two years
Statutory audit is mandatory by statue hence it does not have any turnover limit.
120 days in WA.
It can vary anywhere from 1 to 18 months.
A timely limit in filing a claim with AARP health insurance is 30 days. It is always recommended to file as soon as possible.
The maximum limit that DWI insurance offers is 90 days after accidents. There must be reports filed prior to this deadline in order to ensure that the insurance company can process your claim.
In the state of Arizona, there is no specified time limit in which an insurance company has to settle a claim with an insured party or with a third party that has filed a claim. An individual does have a time limit of two years in which to file a lawsuit against the driver who was at fault in an accident.
A time limit is imposed by state law. Consult your local state insurance board.
Claims are normally based on an insurance contract. The contract will specify the time limit in which a claim must be filed.