Been waiting 7, months on claim 4 stolen totaled vechile, how much longer will it hold.?
ins co investigating poss ins fraud.
Answers: It can take a particularly, very long time. If the company is making progress on their investigation, they can hang on to delaying.
It depends why they suspect insurance fraud. Are you a dealership, repair shop or are you an individual? Are adjectives of these vehicles owned by you? What be the circumstances surrounding the loss?
Most auto insurance policies have a clause stating that an insurer must settle up any monies liable within 'x' number of days (usually 60) of reception a signed proof of loss. So if you want to force their hand a short time you could ask for a blank proof of loss, fill it out, sign it and distribute it by registered mail. Within 'x' number of days the insurer will be any forced to pay the claim or deny the claim. The pretext why is, say the policy wordings state they must reward within 60 days of acceptance the proof of loss, if they waited until 65 days to finally discharge the claim they are in breach of contract and can be sued. So if after 60 days they haven't rewarded then it stands to rationale they will have to deny the claim. At the extraordinarily least knowing your claim will be denied will allow you to bear the next step fairly than waiting in limbo. So grasp your policy wordings and start reading!