FEMA Review of Sandy Claims: What Happens If You Accept a Resolution Before the Neutral Review?
What happens if you accept an agreed upon resolution with the adjuster handling your FEMA Review claim? You forfeit your right to a Neutral Review.
By agreeing to and signing the Proof of Loss provided by the desk review (i.e. adjuster) indicates you agreed with the outcome of the review and have not elected the Neutral Review. This is an administrative review of the claim file. But what happens if you disagree with the desk review (i.e. adjuster)? You will have the opportunity to request a review by a qualified third-party Neutral Review.
If you have reached policy limits or are satisfied with the desk review, by all means you should accept the agreed upon sum. However, if you are unsatisfied and have not reached policy limits, the Neutral Review is the last hope to prove your case and it may be time consult with an attorney. It will be the last chance to receive any additional money from your loss.
About the Author: Christopher W. Gerold is an attorney in Chiesa, Shahinian & Giantomasi’s (“CSG ”) Disaster Recovery Claims Group. For the past three years, Chris has been representing homeowners, condominium associations and businesses with their Sandy related insurance claims with a special focus on flood insurance. For more information on flood insurance and ways CSG can help you with your flood insurance claim, please contact Chris at (973) 530-2061.