How Long Does an Insurance Company Have to Settle a Claim in Missouri?

After a car accident, you want to recover compensation for your damages as quickly as possible. However, filing an insurance claim can be a complex and stressful process. In some cases, it can feel like it takes a very long time for an insurance company to investigate your claim and issue a decision about your settlement.

In Missouri, people who file insurance claims have the right to receive a prompt decision about their cases. Although every car accident claim is different, each case follows the same general timeline.

Timeline for Car Insurance Claims in Missouri

In Missouri, insurance companies have 25 days to acknowledge a claim and decide whether or not to issue a settlement. However, there is no specific law that requires insurers to pay out a settlement within a certain period of time. The law only states that the insurance company must make a payment in a prompt manner.

Generally, car insurance claims abide by the following timeline:

Evidence Needed to Settle a Car Accident Claim

Missouri is a fault accident state that requires drivers to carry liability insurance, which pays for victims’ damages in any accidents caused by the policyholder. To recover compensation in a Missouri insurance claim, you will need to submit evidence that shows that the policyholder caused your collision and proves the extent of your damages.

There are several pieces of evidence that you could leverage to prove your insurance claim and secure a settlement, such as the following:

What to Do If You Suspect Bad Faith Tactics

While Missouri may not have a specific timeline for how soon a claim must be paid, you are still entitled to certain rights during the insurance process. You have the right to recover an efficient settlement and to receive the information that you need to complete the claim. The insurer must conduct a sufficient investigation into your accident and notify you of its decision as soon as possible.

If you believe that the insurance company violated your rights and acted in bad faith, you have the right to pursue a lawsuit against the entity. Bad faith insurance tactics occur when an insurer fails to meet its duties to claimants and policyholders, such as the following:

In the event that you suspect bad faith insurance tactics, you need an attorney on your side who can help you hold the company accountable. As soon as possible, contact a Kansas City car accident attorney to represent your claim and fight to protect your best interests.