The Louisiana Insurance Guaranty Association (LIGA) has granted a voluntary extension to March 31, 2023, of the deadline by which former FedNat Insurance Company and Maison Insurance Company policyholders are required to institute litigation for first-party property damage claims arising with a Date of Loss within two years of the date of the insolvency (September 28, 2020 or later), the Louisiana Department of Insurance announced. This extension was made to provide an opportunity for policyholders to amicably resolve claims that are outstanding due to the lack of sufficient records from the Receiver, contractor non-availability, supply chain disruptions and similar delays.
This voluntary extension applies only to existing, reported FedNat and Maison first-party claims for alleged property damages occurring on or after September 28, 2020. It does not apply to claims other than first-party property damage claims, to damages incurred prior to September 28, 2020, or to insolvencies other than FedNat and Maison.
It does not affect the contractual deadline to institute litigation for first party-property damage claims resulting from Hurricane Ida, for which the deadline remains August 29, 2023.
Source: LDI
Photo: Michael McDonald clears trees that have fallen on houses during Hurricane Delta in Jennings, La., Saturday, Oct. 10, 2020. The day after Hurricane Delta blew through besieged southern Louisiana, residents started the routine again: dodging overturned cars on the roads, trudging through knee-deep water to flooded homes with ruined floors and no power, and pledging to rebuild after the storm. (Scott Clause /The Daily Advertiser via AP)
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