1. 37376 POINTS
    David G. Pipes, CLU®, RICP®PRO
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Insurance companies want to adjust claims as quickly as possible.  In most cases they are eager to get the claimant’s release.  The claim is not adjusted however, until the claimant signs the release.  There are a variety of circumstances that could delay that release from being signed and sometimes the company will make interim payments to reduce the stress on the claimant.  Delays could be in reconstruction, possible fault of a third-party, and legal issues.  Sometimes it has to do with a lawsuit and cannot be resolved until the case is settled.  
    Answered on April 23, 2014
  2. 200 POINTS
    Sean Mooney
    Broker, Mooney Insurance Brokers, Philadelphia, PA
    It certainly depends on the carrier, the type of claim, and how much damage was caused. If you are talking about a "catastrophe" claim this can take much longer because of the scope of damage and the number of people impacted. Sometimes insurance carriers will have to out-source a 3rd party to handle claim adjustments if the claim is that big like tornado damage that causes damage to many. If you are talking about a claim where the only damage was your residence you should expect to see a field adjuster within 3-5 business days to make the initial estimate. From there, a check could be issued as quick as 24 hours or another 3-5 business days. More than likely the first check you receive will be a partial based on the ACV of your personal property and dwelling.
    Answered on April 29, 2014
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