Although the people of Joplin have been hit hard, insurance companies, such as State Farm, Columbia Insurance Group, Shelter Insurance and others, have sustained substantial losses from the active tornado season this year.
As of June 1, 2011, there were 6,100 residential Joplin insurance claims, which likely has increased in number by now. Insurers are estimating that the Joplin tornado storm alone is costing between $1 and $3 billion.
State Farm's total losses are more than usual, as they have about 27% of the Missouri homeowner's insurance market. Columbia Insurance Group has also gone on record to state that they are paying more storm-related claims this year than any other time in their history.
Because insurance companies are on the hook for billions in damages from this tornado that destroyed homes, businesses, automobiles and more, they have to sort through all these tornado damage claims and decide who is covered for how much. Because there are thousands of Joplin tornado claims, paying out these claims can take a while.
This is why it is important to get Joplin tornado claim help from a skilled insurance claim attorney who can negotiate with the insurance company on your behalf. Contact the Voss Law Firm today at 888-614-7730 to schedule a free legal evaluation with an experienced insurance litigation lawyer today.
Make sure you order your FREE book today: Disputes With Your Insurance Company - What All Consumers Need to Know.
The Voss Law Firm, P.C. represents clients on a local, national and international basis. We proudly serve companies and individuals along the Gulf Coast and around the globe on a contingency fee basis. Our law firm collects nothing unless we recover on our client's behalf.