When your home is damaged in a storm or during a break in, fixing the damage is always a priority. The sooner you can repair what’s broken, the sooner you can get back to life as normal. That’s why filing a homeowners’ insurance claim with your insurance provider as soon as possible is so important. But as any Michigan property insurance claims attorney can attest, the claims process isn’t always simple. That’s why the state has implemented a firm timeline that insurance companies must stick to when reviewing and paying your claim. Here’s what you need to know about this timeline.
The Michigan Insurance Claims Timeline
In some states, insurance providers can drag their feet when reviewing a claim and reaching a settlement. The longer they delay, the longer homeowners have to wait to get the money they need. Michigan’s insurance claims timeline helps cut down on those delays. Here’s when your insurance company needs to respond.
They Have 30 Days to Acknowledge the Claim
Your insurance provider has 30 days to acknowledge that you filed your insurance claim. To initiate the claim, contact your insurance agent or your insurance company’s claims hotline and let them guide you through the process. They’ll also send you the necessary paperwork to document the damage and record proof of loss for your property.
The Adjuster Will Visit Your Home
Once the insurance company acknowledges receipt of the claim, they’ll send an insurance adjuster to your property to document and assess the damage. They’ll also provide you with any proof of loss forms you’ll need to fill out. The insurance adjuster will take their findings back to the insurance company. They’ll use this information to make a decision and to determine a payout.
They Have 60 Days to Make a Decision and Pay Out
Once they receive all the necessary information, the insurance company has 60 days to reach a decision. If they deny your claim, they should notify you within that time. If they approve your claim, they’ll notify you of the settlement amount and, if you accept it, send you the money within 60 days. Failure to do so could result in the insurance provider owing you additional money.
What Happens if Your Claim Is Denied?
If your insurance company denies your claim, you may be able to appeal the decision. You’re able to do this on your own, but for most homeowners, it’s worth letting a Michigan property insurance claims attorney. They’ll represent your case and can negotiate with the insurance company on your behalf. Often, hiring an attorney can expedite the review period and may help you get the settlement you need to cover repairs.
Taking Legal Action May be an Option
If the insurance company doesn’t follow the state-specific timeline for your claim, the best thing to do is to speak with an attorney. They’ll help you decide on the best way to proceed for your situation and can represent you with the insurance company.
This shows your insurance provider that you’re serious and expect them to follow through with the state’s requirements. And if your insurance provider continues to drag their feet, your attorney may be able to help you sue the company for your damages.
Worried About Your Claim?
If you’re worried about your homeowners’ insurance claim, don’t wait around until it’s too late. Schedule a consultation with an experienced Michigan homeowners’ insurance claims attorney at Fabian, Sklar, King & Liss. Our team understands the insurance claims process and, if you have a case against your provider, we can help you take the next step. Contact us today to schedule an appointment.