Two weeks of testimony in Federal court resulted in the largest verdict ever against QBE for hurricane damage. The residents of Buckley Towers condominium association were reportedly ecstatic with the outcome after having their claims denied since 2005.
"Taking a closer look at repairs needed that were caused by the 2004 devastating hurricanes may help condominium associations on Central Florida, who are struggling to meet financial obligations in this economy," stressed Alan Garfinkel.
Florida law allows policy owners up to five years from the date of loss to file or re-open hurricane insurance claims. According to Garfinkel, It is critical that associations, homeowners and businesses impacted by the storms of 2004 get a second opinion on their insurance claim.
"You may have walked away from insurance proceeds that are rightfully owed to you, Insurance companies are hoping you forget that you still have rights to assert a claim, or believe that your claim did not exceed the deductible," Garfinkel went on to say.
DEADLINE FOR ANYONE QUESTIONING WHETHER THEIR CLAIMS WERE PROPERLY ADJUSTED OR THOSE WHO NEVER FILED CLAIMS ARE:
HURRICANE CHARLIE: STATUE OF LIMITATIONS - AUG. 12, 2009
HURRICANE FRANCES: STATUE OF LIMITATIONS - SEPT. 3, 2009
HURRICANE JEANNE: STATUE OF LIMITATIONS - SEPT. 25, 2009
The statutory deadlines for damages caused by these hurricanes is quickly approaching. Boards, particularly new ones not seated at the time of the hurricanes, would be well advised to have their property inspected as soon as possible, according to Garfinkel. This will ensure they were paid in full by their insurance company or provide ammunition needed to recover amounts still owed.
For more information regarding the statutory deadlines for hurricanes Charlie, Frances and Jeanne, visit: www.kgrlawfirm.com or call 1-800-393-1529.