Insurance companies in Hawaii have at least 45 days to settle a claim and make the final payment after the claim is filed. Hawaii insurance companies have 15 days to acknowledge a claim and send paperwork and further instructions to the claimant.
Insurance Claim Timeline in Hawaii
- 15 days to acknowledge the claim and send the policyholder instructions and paperwork, including proof of loss forms which serve as a sworn statement from the policyholder about the scope of the damage or injuries.
- 30 days to make the final payment if the claim is approved.
There are several factors that can affect exactly how long it takes for an insurance company to settle a claim. For example, claims involving serious or multiple injuries take longer to settle. Additionally, poor communication between the driver, insurance company, and insurance adjuster can slow down the process.
Still, you are entitled to an efficient settlement. If you think that your insurance company is violating the law or operating unethically, you can file a “bad faith” lawsuit, which may award you the original settlement amount with added interest and penalties.
This answer was first published on 04/10/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
