Lawyers: Start filing Hurricane Harvey insurance claims by Friday to avoid implications of new Texas insurance law

Damage left by Hurricane Harvey is far from over, but those seeing immediate consequences are being encouraged by lawyers to file insurance claims by Friday if they hope to avoid consequences of a newly passed Texas law. House Bill 1774, passed in the regular Texas legislative session, will go into effect on Sept. 1 and will limit the penalties insurance companies could face if they don’t pay enough in claims. This means that should an insurance company pay claims late because of a lawsuit, the company will have to pay a penalty of 10 percent, versus the 18 percent that […]

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Source: Community Impact- Round Rock