What you Need to Know About Car Property Damage From a Car Crash. In Las Vegas Nevada & Elsewhere.
1
Auto policy usually covers liability for injuries and damages to others
Some states require no-fault auto insurance. In those states, your insurance company may pay at least some claims regardless of your level of fault for the accident.An auto policy usually covers liability for injuries and damages to others if the policy holder is at fault.
2
If there are problems with the property damage settlment
If there are problems with the property damage, you are not alone. Insurance co's try to pay the least they can and often there is less coverage then the value of the damaged vehicle . The law NRS 690B.012 Claims: Approval or denial; request for additional information; payment; interest on unpaid claim. Is not very favorable too consumers.
3
An insurer shall approve or deny a claim (in Nevada)
An insurer shall approve or deny a claim of its insured relating to a contract of casualty insurance within 30 days after the insurer receives the claim. If the claim is approved, the insurer shall pay the claim within 30 days after it is approved. If the approved claim is not paid within that period, the insurer shall pay interest on the claim at the rate of interest established pursuant to NRS 99.040. The interest must be calculated from the date the payment is due until the claim is paid
4
An insurer shall approve or deny a claim (in Nevada)
If the insurer requires additional information or time to determine whether to approve or deny a claim, it shall notify the policyholder of its request for the additional information or time within 20 days after it receives the policyholder’s claim, and at least once every 30 days thereafter, until the claim is approved or denied. The notice must set forth the reason why the additional information or time is required.
5
An insurer shall approve or deny a claim (in Nevada)
The insurer shall approve the claim within:
(a) Thirty days after it receives the additional information; or
(b) Thirty-one days after the last timely notice was provided pursuant to subsection 2, whichever is later.
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