قالب وردپرس درنا توس
Home / Insurance / Can an insured person submit an additional flood proof of loss if the insurer has already paid the first proof of loss? | Legal insurance blog about property insurance

Can an insured person submit an additional flood proof of loss if the insurer has already paid the first proof of loss? | Legal insurance blog about property insurance



The National Flood Insurance Program ("NFIP") allows an insured person to submit supplementary proof of loss that adds to or modifies a previously submitted version. To be valid, the supplementary proof of loss must be submitted within 60 days of the loss. No exception allows the insured to submit supplementary proof of loss after the 60 days, even if the insured later determines that the flood damage that occurred exceeds the amount stated in the original proof of loss.

Although the supplementary evidence of loss. submitted on time, additional payments are not allowed under the provisions of standard flood insurance if the insured has already accepted payment for the full amount at the time of his first proof of loss. When a claim for a flood insurance has been adjusted, paid and approved, an insured is therefore not entitled to submit an additional claim even upon subsequent discovery that the seriousness damage was greater than previously thought. 1

[19659003] For more information on other issues related to flood insurance, join me this afternoon, Thursday, September 17, 2020, 2-14 pm for a webinar on National Flood Insurance Basics For Public Adjusters . Jason Cieri, Esq. will also present on Rules, timelines and deadlines for adjusting a replacement cost against actual cash value basis .

Click here to sign up for a free webinar. Public Adjustment Participants in this webinar can receive 2 CE points in New York, New Jersey and Pennsylvania.
__________________________________
1 Ambassador Beach Condo. v. Omaha Prop. and Cas. Ins. Co. 152 F.Supp.2d 1315 (N.D. Fla. 2001).


Source link