| Message |
Author |
|
 Posted: Mon Apr 14, 2008 4:06 pm Post subject: insurance company issued a check for settlement but insuffic |
|
|
Had water damage to home; claim is still pending inasmuch as settlement was insufficient - trying to
help this individual (had brain surgery) - what is
time limitiation on check/claim? Do not have date
of check at finger tips, but feel it is rather dated. Hope to assist policyholder to complete the claim;
she is a friend in need. Check is for $500, under-
stand phone contact may have upped it to $4500;
but to my knowledge, no written confirmation.
I need to write the insurance company, but would
like to know the limitation on check/claim? Thanks. |
|
edythekc
New member
Joined: 14 Apr 2008
Posts: 1
1.63 Dollars($)
|
|
| Posted: Mon Apr 14, 2008 6:43 pm Post subject: |
|
|
| If you have a claim number, you can call the claims department and ask them directly, since each company uses different standards or time limits. Its always a good idea to know your claims adjusters name and phone number and communicate with them regularly. Hope all turns out well. |
|
luckyman
New member
Joined: 09 Apr 2008
Posts: 20
Location: California
6.08 Dollars($)
|
|
| Posted: Mon Apr 14, 2008 7:08 pm Post subject: |
|
|
| It usually states right on the check how long it is good for after the date it's written (usually 30, 60 or 90 days). |
|
tcope
Forum Expert
Joined: 22 Nov 2006
Posts: 5066
Location: Salt Lake City, UT
272.53 Dollars($)
|
|
| Posted: Tue Apr 15, 2008 5:59 am Post subject: |
|
|
| Quote: | | she is a friend in need. |
Which state does she belong to?
The insurance co. should also have the 'date' in their records.
_________________
Register Now to have your Insurance queries solved. |
|
JonesK
Guest
|
|
| Posted: Wed Apr 16, 2008 10:08 am Post subject: |
|
|
All the ones I have ever written (could be state dependent) are six months...
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Fri Apr 18, 2008 9:45 am Post subject: |
|
|
If there is talk about a higher check and they haven't sent it yet, you can just have them void the one check and put it all on the new check if the other check is too old.
Our checks over 6 months went into some account if they weren't cashed but it was 6 months for us as well. |
|
InsuraJob
New member
Joined: 16 Apr 2008
Posts: 18
5.07 Dollars($)
|
|
| Posted: Fri Apr 18, 2008 5:46 pm Post subject: |
|
|
| That is what I would do. How is this person sure that once she cashes the first check that she wouldn't be entitled to anything else. I would be wary of cashing it until I spoke to the claims dept. |
|
fireyone
Senior member
Joined: 07 Jan 2008
Posts: 1993
2.31 Dollars($)
|
|
| Posted: Sun Apr 20, 2008 7:11 pm Post subject: insurance |
|
|
| I agree with FIREYONE.If you DO cash the 1st check and the insurance comapny later tells you that you had "more money coming", they may turn around and say that 'you agreed' to the amount that you cashed in. Thsi 'senario' happened to a friend of mine. It was REALLY 'ugly'. |
|
sdchargersfan
Senior member
Joined: 21 Aug 2007
Posts: 2055
4.67 Dollars($)
|
|
| Posted: Sun Apr 20, 2008 7:36 pm Post subject: |
|
|
That won't happen... carriers issue supplemental checks all the time, each and every day. It's the person's prerogative not to cash the initial check but then the company would simply place a stop pay on the check, wait about a week and issue another payment.
In order for the company not to owe the full amount they would need to have the person sign a release. I doubt very much that a release was signed so the person can simply cash the initial check and would not looks any rights they had before cashing the check. |
|
tcope
Forum Expert
Joined: 22 Nov 2006
Posts: 5066
Location: Salt Lake City, UT
272.53 Dollars($)
|
|
| Posted: Mon Apr 21, 2008 11:55 am Post subject: |
|
|
The only time this would apply would be in an injury settlement, and as tcope said a release is ALWAYS taken on a liabililty injury settlement....I stop pay and reissue drafts monthly and write supplements as often. no big deal at all...only I don't have to wait any time, if I stop pay I immediately reissue within minutes.
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Mon Apr 21, 2008 11:14 pm Post subject: |
|
|
| Thanks for clearing that up. It just made me see a red light. I hate to see anyone taken advantage of. You guys know this business better than anyone else. |
|
fireyone
Senior member
Joined: 07 Jan 2008
Posts: 1993
2.31 Dollars($)
|
|
| Posted: Tue Apr 22, 2008 3:38 pm Post subject: claims |
|
|
| Depending on the situation (of course), if you were sent a 'settlement' check, and you don't agree on the amount ( you thought you should get more) can you 'dispute' the amount? |
|
sdchargersfan
Senior member
Joined: 21 Aug 2007
Posts: 2055
4.67 Dollars($)
|
|
| Posted: Wed Apr 23, 2008 11:25 am Post subject: |
|
|
of course, you can always dispute it....one would assume if it were a 'settlement' then the terms would've been discussed in advance (ie injury, total loss etc).
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Wed Apr 23, 2008 11:36 pm Post subject: |
|
|
| Thats how I have always seen it done. Usually an adjuster comes out and goes over everything with you in a few days. he can uusually give you a rough estimate . Someone ran off the road and took out my moms brand new deck and the adjuster was out shortly after. He wrote her up an estimate after they agreed upon damages but when he sent her the check he had subtracted from the amount due to "depreciation" Mom fought this and won because she had all the lumber reciepts and contractor bill showing the date the deck was built. |
|
fireyone
Senior member
Joined: 07 Jan 2008
Posts: 1993
2.31 Dollars($)
|
|
| Posted: Thu Apr 24, 2008 9:53 am Post subject: |
|
|
yeah mom ! 
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
