Residential Roof Claim – Penalty Interest Recovered $27,945
Case Study
This Policyholder Would Have Left $27,945 on the Table Without a Legal Review
Total Original Claim Payment: $210,000
- Property Type: Residential
- Peril: Hail
- Location: Dallas, Texas
- Date of Loss: April 2022
- Docs Submitted: May 2022
- Payment Issued: February 2023
- Delay: 9 months
- Interest Rate: 18% simple annual interest
- Penalty Interest Recovered: $27,945
A routine residential claim where the carrier took 9 months to pay after receiving all documentation. That delay could have triggered nearly $28,000 in penalty interest that otherwise would have been left on the table. (This is a representative example of a residential claim scenario based on actual case data. Individual results will vary.)
