Missouri Auto Insurance Claims On The Rise Due To The Storms

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Published 10/15/2011 17:34:00 by Abigail Damoah Views: 490

In 2011 there has been a total of $9.9 million in recoveries by Missouri regulators for consumers. This is inclusive of $2.3 million for damage claims caused by the recent tornados. All recoveries have come from the resolution of disputes between policyholders and companies.

Throughout the month of September there have been 9,500 complaints and inquiries in regards to coverage providers filed by residents. Out of this number 988 of them are connected to the horrendous tornado that destroyed the city of Joplin in May.

Officials claim that the amount logged has almost doubled in comparison to this time in 2010, which were 5,800.

The Director of the department John Huff stated in a news release that “the amount of their recoveries has increased more than $3.4 million since the same time last year.” He went on to state that this increase is a result of the numerous storms that have taken place in 2011. There have been almost $10 million in claimed funds by their organisation” He urges consumers to contact them if they are having a hard time getting a payout from their insurance company.

Auto insurance policies accounted for the largest number of complaints, with home owner and health coverage following in succession.

The tornados in St. Louis, Sedalia and Joplin caused a substantial amount of damage, and residents are still making every effort to return to normality as well as having to deal with losses from homeowner and car insurance companies in Missouri.

There were approximately 140 deaths, with thousands of vehicles and buildings destroyed. The Insurance Information Institute has described the damage as the worst seen in over 60 years.

The Joplin tornado has led to more than $1 billion in claims, according to State regulators.