There are usually five basic steps to the claim settlement process. You file a claim, an adjuster is assigned, he/she assesses the damage, then he/she determines coverage, and the claim is paid. But how are homeowners insurance claims paid, exactly? Simply put, a homeowners insurance claim payment may be issued in the form of a check or direct deposit. It can take 24 hours up to 10 business days to arrive. Also, note that when both the structure of your home and your personal belongings are damaged, two separate checks may be received. If the home is uninhabitable, you'll receive a check for the additional living expenses. Flood insurance damage may mean a separate check as well. These payments will be made out to you, your contractor, or your lender if you are currently paying a mortgage on your home.