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Hurricane Insured Losses Top $5 Billion

Jan 21, 2019

According to My Panhandle, there is an estimated insured loss of $5 billion due to Hurricane Michael damage.

As of Friday, insurers reported 141,039 claims from the storm in October, which estimated insured losses of $5.023 billion. So far, 73 percent of claims have been closed from the storm that made landfall in Mexico Beach and destroyed Panama City.

On Monday, Gov.Ron DeSantis said he will return to the region Wednesday to see the damages and is expected to be joined by the Federal Management Agency Administrator Brock Long. The largest number of claims involved residential property, 94,419.

The highest amount of claims come from Bay County with a total of 84,526 claims. Bay is followed by Jackson County with a total of 13,722 claims; Leon County, with 9,577 claims; Gulf County, with 8,037 claims; Gadsden County, with 5,860 claims; Calhoun County, with 3,998 claims; and Franklin County, with 2,179 claims.

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If you have experienced an insurance loss from #HurricaneClaim, don’t be surprised if the insurance company’s first reaction is to claim that your damage is due to some pre-existing condition or assert that your claim is not covered under the terms of your policy or even cancel your policy based on recently-discovered “errors” in your application. But don’t worry.

Experienced and aggressive attorneys from ILG are on your side and will advocate on your behalf to see that you get the benefits you are entitled to. At ILG, we take the time to analyze and interpret your policy and understand the full measure of damages available to you. We work with construction experts, restoration professionals and others to determine the facts.

Don’t delay and contact us today for a free consultation in Florida. The Insurance Litigation Group will walk you through the terms of your insurance policy and help you recover the full extent of your covered losses.

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We are a client-focused law firm that fights aggressively on behalf of residential and commercial policyholders, contractors, restoration and mitigation companies, to produce maximum recovery results from insurance companies through our unique expertise, deep understanding of insurance law, cutting edge technology and proactive approach to litigation.

Insurance Litigation Group serves clients across the state of Florida. With over 5 offices statewide, our attorneys have the knowledge, skills and experience to resolve your dispute against the insurance company. 

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