[StBernard] INSURANCE

[Westley Annis]

Heather,


>From what I have heard there is a rule that all insurance companies have 30

days to settle once they have received "satisfactory proof of loss".
Therein lies the problem.  The law does not define "satisfactory proof of
loss."

When I called the insurance commissioner's office about and listen to Robert
Wooley on the radio their guideline is to take the date the adjustor
inspected your house then add two weeks for him to submit his estimate to
the insurance company.  So you are looking at six weeks just with this, then
add another couple of weeks because of the storm volume.  So now you are at
two months.

But, don't let it end there.  To pursue this, YOU need to hire an attorney
and YOU need to file suit against the insurance company and the burden of
proof is on YOU.  

Could you win, yes, but don't expect a cheap or speedy resolution.

Westley


-----Original Message-----


Does anybody know the law in which the insurance company has to settle with
you within 30 days? My insurance adjuster keeps giving me the run around and
telling me that they will send it to me in 2 weeks...2 weeks has now been
over 2 months. Someone told me that they have a law where if they don't
settle with me within 30 days they will be penalized for holding my money
and drawing interest from it. It is amazing how "they" need my money before
my insurance is up for renewal, but when it comes time to pay out, they hold
out! By the way, I have Horace Mann Insurance (teachers insurance) and
Hartford Insurance for flood. 
Thanks. 

Heather C. LaBauve