New York insurance companies have 35 business days to resolve a claim after it has been filed. New York 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 claim. When filing a no-fault insurance claim in New York, insurance adjusters have 15 days to request additional information to investigate the claim.
After receiving the information, the insurance adjuster has another 15 days to accept or deny your compensation. Therefore, the entire no-fault insurance process can take up to 30 days. Receiving a settlement check for a car accident in New York is the last step in the personal injury claims process. You can generally expect a settlement check within 30 days of signing the final settlement agreement.
However, getting to the point of signing a settlement agreement can take anywhere from several months to more than a year, depending on the facts of your case. The longer you wait to file your claim, the longer it will take for the insurance company to pay it. Keep in mind that, under Article 214 of the CPLR, there is a general three-year statute of limitations for personal injury lawsuits in New York. In accidents with more injuries and damages, the investigation may take longer, which may delay receiving payment or payments of your claim.
However, a knowledgeable and experienced car accident lawyer understands that reaching a settlement too soon could result in a much lower payment for the client. Coverage and other features vary between insurers, vary by state, and are not available in all states. However, the sooner you partner with a New York car accident lawyer, the faster you can resolve your accident claim case. Then, they negotiate on your behalf and follow up with the insurance adjuster to avoid further delays in your case.
We will handle all interactions with the responsible party's insurance company in your case, including negotiations. If you've covered all your bases and haven't received a response from an insurance company, it may seem like the insurer is taking too long to pay your claim on purpose. Only a personal injury lawyer who specializes in car accident claims can give you an accurate estimate. If the insurance company accepts responsibility for the car accident, your lawyer prepares a settlement agreement.
Not only will treatment help you recover, but any medical diagnosis can be used as evidence when filing a personal injury lawsuit against the at-fault driver. Your personal injury lawyer works as quickly as possible to resolve your case and put money in your pocket. You won't receive payment for your claim until it's determined that both the liability and coverage are in order and the damages are approved. It's extremely important that you read your policy to determine exactly what reporting requirements are included, so that you can meet them and reduce any difficulties in processing your claim.
If your losses exceed the amount of coverage that your no-fault insurance policy can offer, you can seek additional damages through a personal injury claim.