Following the devastation of Hurricane Irma, the Florida Office of Insurance Regulation has entered into an emergency housing insurance scheme to help policyholders and streamline the claims process. The insurance committee's orders contain standardized claims for claims reporting, grace periods for premium payment and policyholders' exercise of other tasks, and temporary suspension of layoffs and renewals. These include:
- Revocation of any notice of termination issued or sent on August 25, 2017 through September 3, 2017 and require the insurance company to reschedule after October 15, 2017, unless written request by the policyholder
- Prohibition of Insurers to cancel insurance until a property is restored to the extent that it is insurable by another insurer
- Provides extensions of time to pay premium financing accounts
- Refusal of the policyholder to give written authorization for payment of receivables and allow payment by debit card or other electronic transmission
If you are planning to file an insurance claim for damage caused by Hurricane Irma, please consider these provisions. A copy of the complete Emergency Order is available here.
For more information, visit our Hurricane Insurance Recovery and Advisory Center.