View this article online: https://www.insurancejournal.com/news/southcentral/2017/09/13/464192.htm
Texas Gov. Greg Abbott has suspended a state statute in ordered to help facilitate the payment of insurance claims for vehicles that were totaled by Hurricane Harvey, the governor’s office said.
Abbott temporarily suspended a law that required a 30-day waiting period and certain notifications for insurers that are unable to obtain current vehicle titles prior to paying claims on non-repairable vehicles
The Texas Department of Motor Vehicles (TxDMV) estimates that more than 500,000 vehicles were damaged by the storm.
According to the governor’s announcement the suspension of the 30-day/notification rule will serve to expedite the claims process, resulting in faster payments from insurance companies on claims for totaled vehicles.
Source: Texas Governor’s Office