The natural abundance of salt and moisture combined with the devastating power of Hurricane Irma produced a torrent of insurance claims. Florida law incentivizes hungry adjusters to get creative and a second wave of claims is coming. Public adjusters are prohibited from charging more than 10 percent of the insurance claim payment on claims based upon a declared emergency, for claims made during the first year after the declaration of the emergency. Once that year transpires, the permitted fee doubles.
The one year anniversary of Hurricane Irma recently passed and adjusters were ready. Homeowners are joining them in the fight to get coverage for storm damage. Futhermore, the aftermath of Hurricane Michael in 2018 is predicted to create comparable insurance claim patterns. At Chartwell, we encourage clients to contact us with questions about this issue.
This does not constitute legal advice. Every case is unique and fact-specific, and you should consult with an attorney of your choice before taking or refraining from taking any action. Chartwell has offices in many cities and states, and the author works primarily out of the firm’s Philadelphia, Pa. office. News reports, references and other materials noted herein are no substitute for your own investigation of relevant facts. Allegations are just that; they are not proof of any wrongdoing or inappropriate practices. This memo is intended for clients of Chartwell Law and for those companies with existing professional relationships with Chartwell Law. If you are not a representative of such a company, please notify Chartwell and your name will be removed from our mailing list. In some jurisdictions this is considered attorney advertising.