How long does ins. company have to pay off stolen car

by ned
(tipp city, ohio)

had coverage for 2 days and car was stolen in another state.


Answer:

Well, it can take up to 90 days. Usually, this scenario raises a lot of issues and eyebrows.

A car stolen 2 days after coverage was enacted, in a bad economy, usually triggers red flags of fraud.

The insurance company will probably have to do a extensive coverage investigation. At the very least, they have 30 days to conduct an investigation, after that, they must tell you where the investigation is at (i.e. what are they doing), but it takes time.

Good Luck,
http://www.auto-insurance-claim-advice.com