Home Totaled
Louisiana Valued Policy Law- La. R.S. 22:695
Was your house totaled as a result of wind and flood damage or wind damage only from Hurricane Katrina? Your Homeowners Insurance Policy may owe you 100% of the full value of your policy under Louisiana's Valued Policy Law. La. R.S. 22:695 states; an insurer must pay the full value of the loss, without deduction or offset, if a valuation was placed on the property and such valuation was used to calculate the premiums. However, if an insurer provided clear notice in the policy of a different method to be used in the computation of the loss, then the insurer may not be required to pay the full value of the loss.
If your house was totaled contact the Berniard Law Firm today to see if the Louisiana Valued Policy Law applies to your claim. All consultations with the Berniard Law Firm are Free. Let the Berniard Law Firm Help You.