Florida’s residents have had to cope with seven furious hurricanes in the last two years, but their misery doesn’t seem to be over. The trouble they are facing now is inordinate delays in processing of their insurance claims. Under the usual practise, insurers pay claims jointly to the homeowner and the mortgage holder. The financing companies usually take very long to endorse these to customers, especially with some mortgage companies being from out of state. For customers this is a very frustrating experience.
Now, Florida State authorities are planning to implement a law that will require the insurer to pay 20% of the claim directly to the customer so that they can start their repairs immediately or at least pay advances to book contractors. The State is also planning to write a separate law that will require insurers to write checks immediately for damaged personal property and living expenses.