AboutBennie 719 Expertise I have extensive knowledge in Personal Auto, Homeowners Insurance and Personal Umbrella coverage. Also thoroughly familar with claims handling procedures. Will not be able to quote rates because I took an early retirement. I still maintain a valid California Property/Casualty Agent/Broker license.
Experience Experience in the area: I have been answering questions at allexperts.com since 2002 in the catagory of "Property & Casualty Insurance". Licensed in California since 1961, first in Life/Health for 3 years and as a Property/Casualty Agent/Broker since 1964. Retired at age 58, but still complete my 30 hours of continuing education every two years in order to keep renewing my license.
Question Hello,
I have been battling with Fidelity National on flood claim for 3 years and finally agreed to a number, and fidelity submitted to NFIP to approve. NFIP approved and now Fidelity is asking for the owners to sign a release before they will release the checks. Isnt that against the law to hold the payment hostage until a release if signed.
Answer Hi David,
I'm sorry to hear that you had such an extended problem getting your claim settled.
A 'release of all claims' is normal and standard on all types of insurance claims before the check is released. This is the one document that allows the insurance company to fully close the claim with the knowledge that there will never be any additional demands or litigation.
I hope this information has been of help.
Your feedback by rating my answer will be appreciated.
Sincerely,
Bennie
San Francisco Bay Area
