(Louisiana, LA – Insurance News 360) – On May 4, Insurance Commissioner Jim Donelon made a reuet to the Federal Emergency Management Association to give Louisiana policyholders affected by the August 2016 flood more time to file their proof of loss statements. Typically, the deadline is 60 days after the incident. The requested extension would give them a year.
“I know that many of the affected policyholders are still actively engaged in the rebuilding process and in addition to contractor challenges have experienced a significant increase in the cost of labor and materials since last August,” wrote Commissioner Donelon in his letter to FEMA. “As a result, a great number of those affected policyholders will not be able to file the required Proof of Loss or Supplemental Proof of Loss by the looming May 12 deadline.”
Source: Louisiana Department of Insurance.