How long does an individual must wait before they can file a lawsuit against an insurer?

In the context of insurance claims, the timeline for when an individual can file a lawsuit against an insurer is typically established by state law and the terms of the insurance policy. In Tennessee, the correct timeframe is 60 days. This period is known as the "waiting period" or "time for suit," allowing the insurer a reasonable amount of time to investigate the claim and respond adequately before legal action is initiated.

After this 60-day waiting period, if the claim has not been settled or if the insured has not received a satisfactory response, they may then pursue legal action against the insurer. This provision encourages both parties to engage in a thorough review and attempt resolution without immediately resorting to litigation, promoting fairness and efficiency in the claims process. Understanding this timeframe is crucial for individuals to navigate their rights and options effectively in insurance matters.