December Update for Insurance Claims (Critical Deadlines)

CLICK HERE FOR THE FULL UPDATE:  December 2013 Update for Insurance Claims

This has important information if you are owed flood insurance
or homeowner insurance money from Superstorm Sandy.

Flood insurance requires you to submit new “proof of loss” forms with backup for the value of your entire flood insurance claim (paid and still owed).

FEMA states that proof of loss must be received by your flood insurer itself by April 29, 2014 if it has identified your date of loss as Oct. 29, 2012 (or if your date of loss is Oct. 28, 2012, proof of loss must be received by April 28, 2014).

New proof of loss is required even if you worked with a building consultant or expert whose name you received from Touro, or any insurance adjuster, public adjuster, or contractor.  Do not assume that anyone has filed proof of loss for you.

BUT FLOOD INSURANCE DEADLINES MAY BE SOONER –
THEY MAY BE MONTHS, WEEKS, OR EVEN DAYS FROM NOW

This is because FEMA also states that the date stated on the FIRST “DENIAL” of
any aspect of your flood insurance claim starts a ONE-YEAR DEADLINE to file a lawsuit in the appropriate Federal Court on your whole claim.  Deadlines will vary for everyone.  Additionally, proof of loss is always required BEFORE filing a lawsuit.

As a result of FEMA’s interpretation of deadlines, you may need to submit proof of loss and then file a lawsuit within months, weeks, or even days to preserve your right to be paid flood insurance.

Legal representation may be necessary now.  See this handout.

This handout LINKED ABOVE has critical information about:
(1) these flood insurance deadlines, and
(2) separate homeowner insurance deadlines.

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