Instead Of Coverage, Did Your Insurance Company Send A Refund?


After years of paying their homeowners insurance, many North Topsail Beach property owners promptly received a check from their insurance company---a REFUND of the prior years' premiums. If you received such a check, you probably stood in shock as you learned that your insurer wasn't going to cover your losses because you lived in an uninsurable area.

The law in question is the Coastal Barrier Resources Act (CBRA). The director of the Federal Insurance Administration said it very clearly: "There is no question that National Flood Insurance policies were sold in the area around North Topsail Beach but the law is explicit. The claims cannot be paid". Unless a structure was built prior to 1982, agents are not supposed to write National Flood Insurance Policies for structures in CBRA zones.

The Law Offices of Barry Fischer has already filed a lawsuit on behalf of North Topsail Beach property owners whose insurance claims are being denied and premiums returned. The suit contends that the insurance companies and the agents were negligent in selling federal flood insurance policies in the CBRA zones. The current suits seek costs of repair, treble damages and if the homeowners win, the insurance company must pay their legal fees. If you received a refund instead of full coverage, do yourself a favor. Call the Law Offices of Barry Fischer today.