Data from the insurance companies reveals that 322 foundation related claims have been made from a pool of more than 34,000 homes built since 1983 in the region.
Eighty of those claims have been denied, 44 claims have been closed with some payment to the homeowner and 33 have been closed without payment. One hundred sixty five claims remain open.
"Regardless, it is paramount that more homeowners need to come forward as the state continues to look for solutions to help affected homeowners so that we can better understand the scope," Commissioner
The data collected by the
Wade was clear that the foundation related claims do not solely refer to foundation failure due to the presence of pyrrhotite -- they could include fire or other damage.
In June, the department requested data on claims from the 47 insurance companies who have written homeowners insurance policies for structures built from 1983, the earliest time the problem was identified, within a 20 mile radius of the
Insurance companies have denied the homeowners' claims, though, saying the problem does not qualify for coverage under their definition of "collapse," leaving homeowners to bear the burden of a costly foundation replacement. The bill to replace the foundations can be as much as
State Attorney General
On Tuesday, spokeswoman for the Attorney General's office
"For example, why have more than 40 claims been paid at least in part, and fewer than a third denied outright, despite carriers uniformly denying any coverage responsibility in their public statements," Falkowski's statement said. "Under what circumstances have homeowners -- many facings loss of their homes and financial ruin -- been paid while others haven't?"
Despite the data, Falkowski said the information could potentially help them attract more insurers to join their financial assistance fund.
"It is imperative that policymakers fully understand the availability of insurance coverage as they grapple with calls to provide resources and other assistance. We join DOI in urging affected homeowners to contact both their carriers and the state, and we remain willing to work with insurance companies to fashion a program to provide meaningful financial relief," her statement said.
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