Question

An insured submitted a notice of claim to the insurer, but never received claims forms. He later submits proof of loss, and explains the nature and extent of loss in a hand-written letter to the insurer. Which of the following would be true?A The insured must submit proof of loss to the Department of Insurance.B The insured was in compliance with the policy requirements regarding claims.C The claim most likely will not be paid since the official claims form was not submitted.D The insurer will be fined for not providing the claims forms.

Answer 1

B) The insured was in compliance with the policy requirements regarding claims.

Step-by-step explanation:

In this case, the insurance company has to start acting and depending on the type of claim, it might take them a while to do so. So basically. you have to wait for a reasonable time, generally up to 2-4 weeks. There is not fixed time for the insurance company to notify you about the claim, but you should go visit them and ask what is going on.

A few states regulate the time an insurance company can take to investigate a claim, e.g. Missouri gives only 30 days.