BP Claims and how to get Paid

Getting Your BP Claims Paid

You can make BP claims with theGulf Coast Claims Facility created by BP and Ken Feinberg, who promised to ” Make it Right.” They also said your BP Claim would be handled within 90 days after the Emergency Claims deadline of November 23, 2010, but many who filed right after the deadline are still waiting. It is mid-June now and individuals and businesses have been waiting 9 months for their BP Claims money, only to hear we need more documents or their case is under review. Even worse, many people waiting for their BP Claims money, were told they were denied or simply offered the 5k quick pay for individuals or the 25k quick pay for businesses as long as they agreed not sue BP.

The best results I have seen for people going through the BP Claims process has been to hire a BP Claims Attorney. Instead of the GCCF being able to use bullying tactics, good oil spill attorneys will handle them for you. Instead of being offered for 1- 2 years of losses from BP, which I still have not heard of happening, oil spill attorneys will ask for 3-5 years of losses and handle negotiations for your BP Claims money for you. They will also push for interim payments so that you have some time to evaluate the true impact of the oil spill on you or your business. Many interim claims payments have been accompanied by final settlement offers. It is up to you to accept or reject your final BP claims settlement.

If your BP claim was denied, it may be a blessing in disguise, as you probably have all of your paperwork available, and when you give it to an Attorney they may be able to point out that you should have filed multiple BP Claims, or other things you may have overlooked. Having all your documents in order will certainly expedite your BP Claims.

BP Claims: How Long does it Take

If you are still waiting for the GCCF to “Make it Right,” your BP Claims money may have to wait until February of 2012 when the litigation is scheduled to begin. They may make an offer between now and then, but I would not bet on it unless it is a quick pay, or a low ball final settlement. Now mind you the GCCF could have a change of heart between now and then, and become immensely fair and truly try to make it right, but again I wouldn`t bet on it; it just doesn`t fit the present corporate culture when it comes to handling BP Claims.

BP Claims Attorneys that we have connected with have gotten their BP claims paid within 2 months recently. These attorneys know how to deal with the GCCF and they know how to organize your BP Claims and maximize your BP Claims. They are also quick to point out that you and your family or business may have multiple BP Claims. There is also an accelerated BP Claims process that I have been recently told about that helps large employers avoid laying off employees. Though there is no set time table to get your BP Claims paid, it does seem attorneys get them done much faster.

 

BP Claims: The Trickle Down Effect

If large segments of a community lose the ability to work, it’s natural that they stop spending money for other things. If they had received BP Claims money from the beginning it would have encouraged spending in those areas. Instead, businesses and the employees that work in those businesses bore a large brunt of the economic hardship and often the BP Claims process tries to overlook them. Beauty parlors, lawn services, general contractors, restaurants, many in the service areas of the Gulf economy were severely impacted by the Gulf Oil Spill. Any non-essential business was hit hard when people stopped spending in the Gulf Region, though BP has made it difficult for many in these businesses to file BP Claims, often citing that there is no correlation between the spill and the economic downturn, though we all know differently. The Oil Spill did have a direct economic impact for many and they should be compensated through the BP Claims process.