Candace Baker, Car Insurance Writer
Insurance companies in South Carolina do not have a specific amount of time in which they must settle an insurance claim. Instead, state law requires them to settle claims with “reasonable promptness”.
Even though South Carolina does not require a specific time frame for the resolution of insurance claims, you still have the right to an efficient settlement. If you think that your insurance company is violating the law or operating unethically, you can file a “bad faith” lawsuit, which can 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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