Harlene Labrum | May 3, 2024 | Car Accidents
How Long Does It Take State Farm To Settle Claims In Nashville?
State Farm was founded in 1922. It is one of the country’s largest property, casualty, and auto insurance providers. State Farm owns approximately 16.84% of auto insurance policies in the United States. So, if you are involved in a car accident in Nashville, TN, you will likely have to deal with State Farm.
While you might be anxious about quickly resolving your claim and getting the money you need for your medical expenses, lost wages, and property damage, the amount of time it can take State Farm to resolve your insurance claim can vary. Here is what you need to know about this important issue.
Tennessee Claim Deadline Regulations
Insurance companies that sell insurance policies in Tennessee must comply with various deadlines when handling first-party claims, including:
- 30 days to acknowledge the claim and send the policyholder instructions and any necessary claim forms
- 60 days from receiving completed proof of loss forms to render a decision about approving a claim
- 30 days to notify the first-party claimant of the results of a coverage investigation after concluding the investigation
- 30 days to make the final payment after the claim is approved
- 120 days to settle a claim unless there is a specific reason for requiring a more extended review process
An experienced Nashville car accident lawyer can review insurance policies and state regulations to safeguard your rights.
Factors That Can Affect How Long It Takes a Case To Settle
The timing to resolve an insurance claim can vary. Some of the factors that affect how long you can expect your claim to take to settle include:
The Nature and Severity of Your Injuries
Your injuries can directly impact the settlement timeline for your case. If you suffered serious or multiple injuries, it may take longer to process your claim. The insurance provider may need extra time to review the relevant medical records.
Likewise, if you suffered an injury to the same part of your body that was previously injured, your case may take longer to resolve. You could be entitled to compensation even if you were previously injured, but you will need to show that the accident worsened your condition or brought on new symptoms. This may require more extensive documentation of your injuries or even involving a medical expert or specialist.
How Long It Takes To Reach Maximum Medical Improvement
Your personal injury lawyer may recommend that you reach maximum medical improvement before you settle your claim. This is the point where you have recovered as much as can be expected. It is also the point when your lawyer can more accurately calculate your damages, add up your missing wages, and consider any long-term impacts of your injuries.
How Clear Liability Is
Tennessee is an at-fault state for car accidents. The party responsible for causing the accident is financially responsible for the consequences. The insurance company will try to minimize their policyholder’s liability to limit their own financial exposure. Clear evidence that shows the insured is at fault can help resolve your claim more quickly.
Ways to Expedite Your Insurance Claim With State Farm
Fortunately, there are a few ways that you can speed up the process of resolving your claim with State Farm, including:
- Completing claim forms promptly
- Providing requested information to the insurance company in a timely manner
- Keeping your medical records and documentation of your other accident-related expenses
- Getting help from an experienced car accident lawyer with all of the above steps
Your lawyer can advise you of ways to speed up the processing of your claim without sacrificing your financial stability.
Contact the Nashville Car Accident Attorneys at Labrum Law Firm Personal Injury Lawyers Today
For more information, please contact the Nashville car accident law firm of Labrum Law Firm Personal Injury Lawyers, to schedule a free consultation today.
We proudly serve Nashville, Brentwood, and its surrounding areas in Tennessee:
Labrum Law Firm Personal Injury Lawyers – Nashville
315 Deaderick St, Suite 1525
Nashville, TN 37238
(615) 685-8546
Labrum Law Firm Personal Injury Lawyers – Brentwood
320 Seven Springs Way, Suite 250
Brentwood, TN 37027
(615) 455-3384