How Long Does It Take To Process A Renters Insurance Claim?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The insurance company wants to settle the claim as quickly as you.  The holdup is always determining the amount of loss.  The claim is completed when you and the insurance company agree on that figure.  Then the company can pay you what is owed.  Of course, you understand that there is sometime difficulty in establishing those amounts.
    Answered on May 9, 2014
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  2. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    Most insurance companies are able to open a claim very quickly and then promise to contact you usually within 24 hours of your reporting.  If it is a fairly straight forward and less serious loss, the claims professional might be able to issue you at least a preliminary check on the spot.  Naturally , more complicated and extensive claims may take longer to completely settle.
    Answered on May 9, 2014
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