SPECIAL LEGAL DEADLINES FOR FLOOD CLAIMS

How does a policyholder file a claim for flood loss? A flood insurance policyholder should immediately report any flood loss to the insurance company or agent who wrote the policy. A claims adjuster will be assigned the loss, and the policyholder must file a "proof of loss" within 60 days of the date of loss. A policyholder whose policy is with a WYO company must follow the company's claim procedures. The 60-day time limit for filling a proof of loss remains the same. What is a "proof of loss"? A proof of loss-the policyholder's valuation of claimed damages-is a sworn statement made by the policyholder that substantiates the insurance claim and is required to be submitted to the NFIP or WYO company within 60 days of the loss. A printed form usually is available from the adjuster assigned to the claim.   When to file suit?   Please remember that time limitations for FILING SUIT ON FLOOD CLAIMS is governed by federal  law.  Accordingly, please make certain that you check your flood insurance policy under the section titled "GENERAL CONDITIONS, R. Suit Against Us" to determine filing deadlines.