by HOLLYWOOD » Tue Mar 25, 2008 11:47 pm
How long legally do insurance companies have to decide wether or not they are going to take liability for an accident. If thier insurer was the one at fault ,and the 2nd driver wasn't. How long (once they have looked over the claim) they have to decide if they will take responsibility for the car damaged and to supply a rental? By the way this in maryland
Posted: Wed Mar 26, 2008 06:48 am Post Subject:
How long (once they have looked over the claim) they have to decide if they will take responsibility for the car damaged and to supply a rental?
Just going through the claim doesn't solve the problem, a claims-processor has to stand on the legal obligations as well as 'accuracy' parameters.
Some of the constraints would simply lead to a thorough case study & checking whether any legal investigations (or for that matter any 'criminal-investigations') are due. Believe me, this might look through an undefined stretch of time under such circumstances. Each case has its own strength & base. Hope you know that as well!
Go through your policy to find out the clauses that talk of claims submission & payment deadlines (if any).
Good luck! SvenG
Posted: Wed Mar 26, 2008 07:19 am Post Subject: claims process
A case becomes more critical to assess owing to the degrees of damages or injuries sustained in an accident. In Maryland (or may elsewhere too..), the first thing that gets assessed is the measure of negligence or foul play! Once it is assessed, only then the process of evaluation & determination of the claimed-amount would commence.
If you would hire a lawyer in Maryland, then he would work hand-in-hand with the other party's carrier towards determining whether they are offering you a fair settlement. Once they reveal their findings to you...together you could decide whether it is substantial or not. If not, you have the option of moving your claims-filing into the courts of law.
But yeah, before you go out to hire a lawyer in Maryland, you'd better go through your papers in order to know if your carrier is one of those who already has a declaration pertaining to a specified time-frame towards meeting their claims.
Posted: Wed Mar 26, 2008 08:59 am Post Subject: hi
I believe its 6 months...except that it might extent till 18 months (if there is sharing of benefits with the other party's carrier)...
Posted: Thu Mar 27, 2008 05:46 am Post Subject:
Typical time frame is 30 days, thought there is not exact set time. 30 days as in the states that require some ongoing communication, this is what they call for.
That is not saying it should not take less time. Also, it's possible that it could take longer but they should have a reason why it could not have been done within that time frame.
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