Monday, June 17, 2024

Florida insurance claims for Hurricane Ian near $7 billion


TAMPA, Fla. (WFLA) — Florida insurance corporations have reported almost $7 billion in claims within the 25 days since Hurricane Ian made landfall.

According to the Florida Office of Insurance Regulation, residence and enterprise homeowners have claimed $6,886,280,085 in damages linked to the storm, as of Oct. 21.

- Advertisement -

Lee, Charlotte and Sarasota counties prime the record with probably the most claims. Insurers reported 204,000 claims in Lee County alone, accounting for over a 3rd of the 569,000 claims statewide.

If you’re a residence or enterprise proprietor who sustained injury from the storm – even just a bit bit – insurance consultants urge you to file a declare. You have two years to file a declare, by legislation, making the deadline Sept. 27, 2024.

8 On Your Side Investigator Mahsa Saeidi spoke with Barry Gilway, the CEO of Citizens Property Insurance, the state’s insurer of final resort. He mentioned owners shouldn’t delay in submitting claims, even when they don’t suppose the price of the injury will meet their deductible.

- Advertisement -

“You may find later there’s undiscovered damage, which might potentially get you above that hurricane deductible,” Gilway mentioned.

Some folks have advised 8 On Your Side they might fairly pay out-of-pocket, involved that in the event that they file a declare, they’ll see increased charges or lose their protection altogether. Gilway mentioned this isn’t the case, and that hurricane claims differ out of your customary water injury declare.

You can view the complete breakdown of insurance claims connected to the storm here.

- Advertisement -



Source link

More articles

- Advertisement -
- Advertisement -

Latest article