Louisiana Insurance Commissioner Jim Donelon announced that the Federal Emergency Management Agency (FEMA) has granted a 60-day extension on filing the Proof of Loss form for National Flood Insurance Program (NFIP) policyholders who were affected by storms across the state in March.
According to FEMA, as of April 22 a total of 4,833 claims filed have been filed and more than $90 million has been paid on all claims in Louisiana resulting from those storms. The average payment for a closed claim is about $42,000.
The program normally requires policyholders to file that form within 60 days of suffering flood damage.
The filing extension covers policyholders in the 36 Louisiana parishes that were included in the federal disaster declaration issued last month. FEMA’s extension brings the total time to file a Proof of Loss form up to 120 days after the damage. For example, an NFIP policyholder who suffered a loss on March 7, 2016 now has until July 6, 2016 to file their form.
Filing the Proof of Loss is necessary even after filing a claim for flood damage. The Proof of Loss is a sworn statement of the amount a policyholder is claiming including necessary supporting documentation. The form must contain the specific details required by the Standard Flood Insurance Policy. This document substantiates the insurance claim and is required before the NFIP can make payment.
Those needing to file a Proof of Loss form with the NFIP are urged to contact their agent or call the NFIP Claims Call Center at 1-800-621-3362 for assistance.
Source: Louisiana Department of Insurance
Topics Profit Loss Louisiana Flood
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