Candace Baker, Car Insurance Writer
Insurance companies have 30 days to settle claims in Louisiana after they have received satisfactory proof of loss. They are also required to start the process of investigating a claim 14 days after receiving this proof of loss. Proof of loss is an official document you file with your insurer explaining what’s been damaged and stating how much money you are requesting.
Auto Insurance Claim Timeline in Louisiana
- 14 days to start the process of settling or denying a property damage claim or a claim for medical expenses after receiving proof of loss.
- 30 days to pay or make a written offer for the amount due after the insured individual has submitted satisfactory proof of loss.
If you think that your insurance company is violating the law or operating unethically, you can file a “bad faith” lawsuit, which may award you the original settlement amount with added interest and penalties.
With that being said, it’s important to remember that several factors can affect exactly how long it takes for an insurance company to settle a claim. For example, severe accidents, claims involving bodily injury, and poor communication between involved parties can all slow down the process.
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