In Florida, how many days does an insurer have to pay or deny a claim?

In Florida, an insurer has 90 days to either pay or deny a claim after receiving notice of the claim. This time frame is established to ensure that policyholders have assurance and a measure of timely response regarding their claims. The 90-day period provides insurers with adequate time to investigate the circumstances surrounding the claim, gather necessary information, and assess coverage under the policy before making a decision.

This regulation is crucial for maintaining a fair process for policyholders, allowing them to understand the status of their claims and facilitating potential next steps based on the insurer's response. The significant duration underscores the importance of thorough investigation while also setting a boundary to prevent indefinite delays that could leave policyholders in uncertainty regarding compensation for their losses.