Insurance companies in Texas have 35 business days to resolve a claim after it has been filed. Texas insurance companies also have specific time frames in which they must recognize the claim and then decide whether to accept it before paying the final settlement. The insurance company generally has approximately 30 days to investigate your car insurance claim, although the number of days varies by state. Most state laws require that claims be processed promptly and without unnecessary delay, but processing and resolving them can take longer, especially if the accident was serious or if an investigation into coverage is necessary.
Texas law says that you must show that you can pay for the accidents you cause. Most people do this by purchasing liability insurance for cars. Liability insurance pays for the other driver's repairs and medical bills. If you still owe money for your car, your lender will require that you have collision coverage and comprehensive coverage to pay for damage to your car.
A car accident case can take weeks, months, or even years to resolve, depending on the complexity of the case and the severity of your injuries. Here's what you should know about the timeline of your car accident case and the factors that influence the schedule. A car accident can result in substantial damage, ranging from damage to your vehicle to personal injury and financial loss. Fortunately, you have insurance that covers the cost of your losses and helps you facilitate the recovery process.
In addition, poor communication between the driver, the insurance company, and the insurance adjuster can slow down the process. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy. In typical no-fault states, drivers must have personal injury protection (PIP) insurance to pay for their own medical expenses after a car accident, regardless of fault. Insurers understand that victims of car accidents rely on quick settlements to recover and move on with their lives.
If your policy includes “rental reimbursement coverage,” this will cover the rental of a vehicle if it was stolen or repaired because of an accident covered by the policy. The more information and evidence you gather after a car accident, the easier the insurance adjuster's job will be. Keep in mind that car accident investigations can take months to complete if there are serious injuries, multiple drivers and cars involved, and if it is unknown who was at fault. Most auto insurance companies try to resolve accident claims as quickly as possible, which usually results in being paid within one month of filing the claim.
Bodily injury claims are the ones that take the longest to resolve because there are several parties involved, such as your doctor, the auto insurance company, and your health insurance provider. Insurance companies will also use appraisers and accident reconstruction experts to determine fault in car accidents. When you file a claim after a car accident, the insurance company will assign an appraiser to your case. For more information, see WalletHub's guides to no-fault insurance and the cheapest car insurance in Texas.