MS Homeowners Insurance Bill of Rights

The MS Insurance Bill of Rights is a bill to improve our rights...

On August 29, 2005, Hurricane Katrina destroyed my home. Only a slab remained. I had a Homeowners Insurance Policy. My home was in a non-flood zone. 

After filing my initial claim, I was only paid $1000 for my loss. They offered me $5000 for Loss of Use, but I refused the check because I thought it was not a fair payment on my Homeowners Claim. Initially, I was not offered anything on contents and structure. In my opinion, the insurance company ignored the
wind damage evidence that destroyed my home. 

This Bill of Rights will assure we have some basic rights the Insurance Companies cannot take away from us. I will try to get this Bill of Rights passed into law in 2013. We must make it harder for insurance companies to deny initial claims after a disaster.

                                 My home after Katrina

Katrina Claims

The Insurance Service Organization compiled the total amount of Katrina claims filed and paid, but not the total amount of damage policyholders claimed. The numbers below include homeowner, condominium, mobile home and tenant policies covering structural and personal property damage and loss of use.


Total Mississippi claims from Katrina: 355,000

Total amount paid: $5.650 billion.                                       

Average paid per claim: $15,915. 


Chip Merlin: In the end, Corban was a victory for policyholders, but a hollow victory because it came far too late for most Katrina victims to benefit from it. During the four years from the time Katrina obliterated the gulf coast to the date Corban was released, those who lost everything were further victimized by insurers that manipulated words or phrases in complex and difficult to understand policies to wrongfully deny and underpay millions in claims. Homes and businesses were lost and lives changed; there is no way to calculate the true devastation. Unless you have lost everything and have had your insurance denied, it is hard to comprehend how frustrating being embroiled in a sea of insurance lawyers can be—it is a curse at best.

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