Consumers affected by Hurricane Harvey don't need to rush to file an insurance claim.
Warnings spreading on social media about a Sept. 1 deadline to file claims related to Hurricane Harvey are largely misinformation, experts say. The alerts reference a Texas law set to take effect this week that potentially reduces the penalties insurers face for late claim payments as a result of a lawsuit.
"[The law] has no impact on the insurance claims process, it only affects lawsuits," Texas State Senator Kelly Hancock said in a statement. Hancock serves as chairman of the State Senate committee that oversees the property and casualty insurance industry.
"The narrative that the claims process changes on Sept. 1 is false," he said in the statement. "There is no need to rush to file a claim. Put your safety first."
As The New York Times reports, the law won't affect most Texas homeowners whose property has flooded as a result of Hurricane Harvey. Most homeowners unfortunately don't have flood insurance (meaning they have no insurer to take to court), and the National Flood Insurance Program and the Texas Windstorm Insurance Association are both exempt from the state law.