How Long Does it Take?
About Florida Oil Spill Claims
Within the 1,200 page class settlement that BP created after the Deepwater Horizon incident, there are claims procedures and conditions for those who have suffered an economic loss. Thousands of individuals, families and businesses suffered economic loss and property damage as a result of the 2010 oil spill incident, and the Economic and Property Damages Settlement Program attempts to rectify some of the damage that was felt. In order to process the claims which are now available to a greater number of Gulf Coast individuals and business, BP has designated claims managers and accountants in order to review, process, and pay valid oil spill claims.
If you have filed a claim with the Economic and Property Damages Settlement Program, you may be wondering how long it will take before you receive compensation. If you have filed a previous claim with the GCCF or the Transition Process, you must file a new claim with the Settlement Program in order to receive any compensation. The information that you previously submitted with be transferred to the Settlement Program, but your information will not be reviewed unless and until you file a claim with the Settlement Program.
BP cannot provide an exact time table for processing claims, but they have stated that they will pay claims that are prepared in accordance with the class settlement and claims forms and for those with the proper documentation. The type and complexity of each claim as well as the completeness of records will have a significant impact on BP's ability to accept and pay claims in a timely manner. For this reason, it is wise to seek legal counsel and assistance from the outset.
Speeding Up the Claim Process
In order to expedite the claim process, the individual or business filing a claim should have strong record production, analysis, and schedules prepared and should ensure that all necessary forms are submitted. You must also keep in mind that just because you have filed a claim, you are not automatically guaranteed payment. Your claim will be evaluated under the compensation and eligibility framework that is applicable to your claim, and only if your claim is deemed eligible will you receive a Settlement Payment. This can be a confusing process, and if you have been denied it is important to seek help from a legal professional.
Contact Givens, Givens & Sparks to learn how hiring an attorney can assist in expediting your BP claim and about the resources we can provide to maximize your loss payment. Our legal team has many years of experience in this area of the law, and we know what it takes to qualify for compensation under the Economic and Property Damages Settlement Program. We stand up for the rights of our clients and devote personal time and attention to every case we take on.