How Long Does an Insurance Company Have to Pay a Claim in Texas?

Do you find yourself waiting by the phone, desperate for news about that insurance claim you filed? Have you started to wonder, “How long does an insurance company have to pay a claim in Texas?” In these situations, many people have no idea how to proceed. Processes involving insurance claims and associated companies have the potential to become very complicated very quickly. That’s why you need a highly experienced Texas insurance claims and contract attorney on your side.

in reich & binstock in houston, we use our nearly 30 years of legal experience to fight insurance companies on your behalf. If necessary, we do not hesitate to file insurance claims in bad faith. why? because you deserve your claim. Just because of the tricks used by insurance companies, you shouldn’t have to worry about getting what you’re owed. As soon as you get in touch with us, we’ll start using our experience to your advantage. For your free consultation with our highly qualified attorneys, call 713-622-7271 today, or complete our online intake form to submit your free case evaluation.

Reading: How long does an insurance company have to settle a claim in texas

How long after an accident can you file an insurance claim?

In texas, the statute of limitations for filing insurance claims after auto accidents is the same as for personal injury claims in texas, which is 2 years. This 2-year clock starts counting down to the day of your accident. however, we always recommend speaking with an attorney before deciding whether or not to pursue your claim. Even if you think your statute of limitations has expired, you may still have time.

How long does an insurance company have to respond to a claim?

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Insurance companies must respond to your claim. Texas law requires that they respond to any and all claims filed within 15 days of receiving notice of the claim. Within this 15-day period, insurers must do the following.

  • acknowledge that they received the claim.
  • begin your investigation into the claim.
  • request all relevant information from the claimant to assist with the investigation of the claim.
  • If the insurance company does not acknowledge the claim, it violates the Texas Insurance Code. along with their acknowledgment of the claim, they must notify you whether or not they accepted the claim. In some cases, insurers extend their response period from 15 days to 45 days, but they must have the proper basis. In the event that the insurance company denies your claim, you must provide the reasons for your denial.

    How long does an insurance company have to investigate a claim?

    After the 15-day response period passes, the insurance company has another 15 days to investigate your claim. during this time, they must accept or reject the claim and notify you of their decision. Sometimes insurance companies request extensions. if they have good cause for the extension, they can have up to 45 days to investigate.

    How long does an insurance company have to settle a claim?

    texas requires insurance companies to make their final settlements by the end of 5 business days after the claim is approved. Several factors affect the time it takes for insurance companies to settle claims.

    • Claims associated with serious accidents or multiple injuries naturally take longer to resolve.
    • If there is miscommunication between the driver and the insurance company, the process slows down significantly.
    • When the insurance company conducts its investigation, it will ask you for the appropriate information. taking too long to provide this information will slow down the process.
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      Texas law prohibits insurance companies from delaying the payment process. If your insurer does not pay your claim after 5 business days after approval, you may be entitled to damages. If you believe your insurance company is intentionally trying to slow down or not pay your claim, you need the Houston insurance claim attorneys with Reich & trashcan.

      What happens if the insurance company doesn’t pay what it promised?

      Many insurance companies seek to maximize their own profits by minimizing what they pay you. therefore, they will not always want to pay you what you deserve. Even if your claim is initially denied, an experienced attorney will tell you that you don’t have to take no for an answer. Here are the steps you need to take to increase your chances of getting paid.

      • Once the insurance company denies your claim, make sure the reason for the denial matches what your insurance policy states.
      • If you believe your insurer falsely denied your claim, you should contact their claims department. ask them to provide a deeper explanation for her denial. If your answers to your questions are not satisfactory, ask to speak to your supervisor.
      • After all this time, if you are still not satisfied with the information you receive, file a formal appeal for your claim. they usually want the appeal in writing and you will need to provide supporting documentation for your case.
      • What to do with insurance bad faith?

        There are multiple ways insurance companies act in bad faith. in these cases, you can file a lawsuit in bad faith. Together with your attorney, you can file a bad faith claim based on the details of your case. basically, the goal is to make you, the policyholder, whole again. This opens the door to not only recovering the damages you suffered, but also leveling punitive damages to the insurance company.

        Find out how we can help you

        in reich & binstock, we not only handle personal injury cases, but we also handle insurance claims and contracts in houston. Many of our clients experience bad faith insurance practices and we want to represent them. The unfortunate truth is that, in most cases, insurance companies care more about making a profit than they do about providing fair and timely settlements and claim payments to their clients. That is why we have dedicated a large part of our practice to fighting against these malpractices in the courts of law. don’t settle for being scammed by a claim you know is legitimate. With our 30 years of experience on our side, we will stand up for our clients who have been harmed and deserve compensation. To schedule your free consultation today, call our office at 713-622-7271.

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