Question

Question 5 of 15

Within how many days must a property insurer pay on a claim after the settlement is reached?
A
10 days
20 days
30 days
60 days
B

Answer 1

After a settlement is reached, a property insurer must pay on a claim within 30 days.

Step-by-step explanation:

1. 30 days is the correct answer.
2. After a settlement is reached, a property insurer must pay on a claim within 30 days.
3. This timeframe ensures that the policyholder is promptly compensated for their loss.

Learn more about Settlement of property insurance claims