Claim Period

by Dan
(Calgary)

We experienced a house fire in October 2008 at which time claim was initiated with insurer. We're being asked to bring claim to a close. How long are we allowed to keep claim open before finally settling?


Answer: House Fire Insurance Claim Period

Hi Dan,

Sorry to hear about the fire. I am not aware of a definite time period that must be adhered to. There isn't one mentioned in home policies that I scanned today

In most cases both the insurer and the insured want to settle a claim fairly quickly. I am not sure why you would not want to get it closed? The only reason I can think of is that you are not yet satisfied ...

The downside to not settling is that other insurers will not be interested in taking your business while there is an open claim. And your insurer might come to a point where they will no longer offer you coverage.

There must be a bit more to this story. If you want to elaborate by commenting I'll see if I can improve my answer.


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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

Please Read

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