It is difficult to say an exact number of days it should take for your claim to be settled. However, factors like the specific type of claim play a critical role in determining how long an insurance company has to settle a claim. In PIP, for instance, Florida Statute 627.736(4)(b) allows an insurance company up to 30 days from the day you file a claim to investigate and pay or deny the claim. For general claims, however, Florida Statute 627.4265 requires the insurance company to pay the claim within 20 days from the date the two parties agree to a settlement. Typically, it takes much longer to resolve your case when you opt to contest the insurance company’s decision in court. Keep in mind that the statute of limitations must not expire while you are still in negotiations with the insurance company.
