Homeowners Insurance Claim Payout. An insurance company can take several weeks or months to issue a homeowners insurance claims payout. Depending on the type of claim and the extent of damages, an insurance company could pay you in different ways.
Home insurance claim mistake no. The first check you get from your insurance company is often an advance against the total settlement amount, not the final payment. In this article, we will explain if your homeowners insurance premium increases after a claim, and if so, how long the rate hike lasts.