How long does it take to settle a total loss claim through appraisal?
By Jeff Zigman, TRUEclaims · Updated
The short answer
Most TRUEclaims total losses have settled within 1–2 weeks through the Appraisal Clause (past results, not a forecast). That's far faster than an injury case, which can take a year or more, because there's no lawsuit and the dispute is only about the car's value.
Some claims take longer, depending on the insurer, the policy and how far apart the two values are.
Because these claims pay in weeks, they can smooth out cash flow for a contingency practice.
Take the property-damage-only calls nearby firms turn away
More questions
- Can a personal injury firm take property-damage-only claims?
- What should an injury firm do with property-damage-only calls?
- How do I get referrals from other law firms?
- Can a law firm pay another law firm for referrals?
- What is the Appraisal Clause on a total loss?
- How does an insurer calculate a total loss value?
General information, not legal advice. Figures are past True Claims results or illustrative, as labelled. TRUEclaims is not a law firm.