Protect your rights.
Currently, insurance companies may be subject to an 18% interest penalty if they fail to pay a valid insurance claim in a timely manner. Starting September 1st, the new penalty will be based on a market-rate formula. Any lawsuit filed after September 1, 2017 will be subject to the new law. However, if a claim is made before September 1, 2017, then the old law’s 18% interest penalty applies to claim payment violations.
Our claim notice template can help.
To preserve the 18% interest penalty, mail or email this notice of claim letter to your insurance carrier(s) on or before the August 31st deadline.