Hurricane Sandy Flood Insurance Proof of Loss Deadline
For flood insurance policyholders who suffered flood damage from Hurricane Sandy and have not resolved their claim, we cannot stress enough the importance of filing a Proof of Loss with supporting documentation by the October 28, 2013 deadline. The repercussions of failing to file a proof of loss by this deadline cannot be overstated. Missing this deadline could result in property owners being barred from collecting additional money. Further, even if an insured is continuing to work with the insurance company by submitting supplements, working with a public adjuster, appealing the initial denial, and/or going to appraisal, the deadline does not change. A Proof of Loss must be timely filed with supporting documentation. Further, compliance with the Proof of Loss deadline is required for a lawsuit to be filed. Following Hurricanes Katrina, Ike and Ivan, many valid flood insurance lawsuits were dismissed for missing the Proof of Loss deadline.
In fact, attorney Adam Derman and I were recently quoted in a Star Ledger articled titled “Fight continues to settle home, business insurance claims after Sandy” discussing flood insurance deadlines. Click below to read the article: http://www.nj.com/news/index.ssf/2013/09/after_sandy_fight_continues_to_settle_home_business_insurance_claims.html#incart_river_default
About the Author: Christopher W. Gerold is an attorney in Wolff & Samson’s Disaster Recovery Claims Group. Chris represents 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 Wolff & Samson can help you with your flood insurance claim, please contact Chris at (973) 530-2061.