by edythekc » Mon Apr 14, 2008 04:06 pm
Had water damage to home; claim is still pending inasmuch as settlement was insufficient - trying to
help this individual (had brain surgery) - what is
time limitiation on check/claim? Do not have date
of check at finger tips, but feel it is rather dated. Hope to assist policyholder to complete the claim;
she is a friend in need. Check is for $500, under-
stand phone contact may have upped it to $4500;
but to my knowledge, no written confirmation.
I need to write the insurance company, but would
like to know the limitation on check/claim? Thanks.
help this individual (had brain surgery) - what is
time limitiation on check/claim? Do not have date
of check at finger tips, but feel it is rather dated. Hope to assist policyholder to complete the claim;
she is a friend in need. Check is for $500, under-
stand phone contact may have upped it to $4500;
but to my knowledge, no written confirmation.
I need to write the insurance company, but would
like to know the limitation on check/claim? Thanks.
Posted: Mon Apr 14, 2008 06:43 pm Post Subject:
If you have a claim number, you can call the claims department and ask them directly, since each company uses different standards or time limits. Its always a good idea to know your claims adjusters name and phone number and communicate with them regularly. Hope all turns out well.
Posted: Mon Apr 14, 2008 07:08 pm Post Subject:
It usually states right on the check how long it is good for after the date it's written (usually 30, 60 or 90 days).
Posted: Tue Apr 15, 2008 05:59 am Post Subject:
she is a friend in need.
Which state does she belong to?
The insurance co. should also have the 'date' in their records.
Posted: Wed Apr 16, 2008 10:08 am Post Subject:
All the ones I have ever written (could be state dependent) are six months...
Posted: Fri Apr 18, 2008 09:45 am Post Subject:
If there is talk about a higher check and they haven't sent it yet, you can just have them void the one check and put it all on the new check if the other check is too old.
Our checks over 6 months went into some account if they weren't cashed but it was 6 months for us as well.
Posted: Fri Apr 18, 2008 05:46 pm Post Subject:
That is what I would do. How is this person sure that once she cashes the first check that she wouldn't be entitled to anything else. I would be wary of cashing it until I spoke to the claims dept.
Posted: Sun Apr 20, 2008 07:11 pm Post Subject: insurance
I agree with FIREYONE.If you DO cash the 1st check and the insurance comapny later tells you that you had "more money coming", they may turn around and say that 'you agreed' to the amount that you cashed in. Thsi 'senario' happened to a friend of mine. It was REALLY 'ugly'.
Posted: Sun Apr 20, 2008 07:36 pm Post Subject:
That won't happen... carriers issue supplemental checks all the time, each and every day. It's the person's prerogative not to cash the initial check but then the company would simply place a stop pay on the check, wait about a week and issue another payment.
In order for the company not to owe the full amount they would need to have the person sign a release. I doubt very much that a release was signed so the person can simply cash the initial check and would not looks any rights they had before cashing the check.
Posted: Mon Apr 21, 2008 11:55 am Post Subject:
The only time this would apply would be in an injury settlement, and as tcope said a release is ALWAYS taken on a liabililty injury settlement....I stop pay and reissue drafts monthly and write supplements as often. no big deal at all...only I don't have to wait any time, if I stop pay I immediately reissue within minutes.
Posted: Mon Apr 21, 2008 11:14 pm Post Subject:
Thanks for clearing that up. It just made me see a red light. I hate to see anyone taken advantage of. You guys know this business better than anyone else.
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