Ocean Springs Windstorm Claims
NEED HELP FILING A WINDSTORM CLAIM?
In 1987 the Mississippi Legislature created the Mississippi Windstorm Underwriting Association (MWUA), which is also called the Mississippi Windpool. The purpose of the MWUA legislation was to provide an adequate method and market for windstorm and hail insurance in the coastal areas of Mississippi. The windpool was developed so it could be a last resort insurer that would provide coverage when the open market would not.
With the exorbitant costs of Katrina, many private insurers were driven out of the coastal market and since today’s business and residential homeowners have no other insurance to turn to, the number of policies written by the MWUA have increased dramatically. The counties serviced by the windpool are Jackson, Harrison, Hancock, Pearl River and Stone.
OCEAN SPRINGS WINDSTORM CLAIMS LAWYER ALSO SERVING GULFPORT, LONG BEACH, BILOXI AND PASCAGOULA
With the recent storms and disasters which have left thousands of residents displaced, many Jackson County residents have been placed in the “high risk” category when they looked to purchase insurance. The frequency of hurricanes and storms in the coastal areas has caused many private insurance carriers to reduce or stop writing property insurance in high risk areas. In the coastal areas often times private insurers who provide coverage will exclude wind and hailstorm coverage.
CONTACT DENHAM LAW FIRM, PLLC FOR ASSISTANCE!
The state of Mississippi has specific plans called windstorm or windpool plans which typically cover damage from hailstorms or windstorms. Families living in Jackson County would possibly have to purchase wind coverage that is separate from their homeowner’s insurance policy from the MS Windpool. Factors such as the proximity to the Gulf will certainly affect availability and pricing. The high losses on and near the beachfront are a strong disincentive for private insurance companies since the possibility of a catastrophic loss near the Gulf make it difficult for a for-profit insurance company to justify assuming the risk of the policyholder.
If your property is located in Jackson County and has sustained damage in a windstorm, we urge you to contact an Ocean Springs attorney from Denham Law Firm, PLLC. Since many properties in Jackson County are categorized as “high risk,” it’s important to have a qualified lawyer assisting you through the claims process, ensuring that your rights are protected under your policy’s coverage limits. Contact our firm today to find out what we can do to protect your interests during the claims process!