DeepWater Horizon Settlement Overview
It has been a week since the DeepWater Horizon Settlement has officially begun. What can we say except we told you this was going to be a mess, and it is.
There are over Forty different claims forms, many of you have multiple claims, and are finding the mountain of data needed overwhelming.
Not to worry, we have been hard at work, in an effort to make this easier for you.
We have created Alliances with different Law Firms, Adjusters and Properly Staffed Consultant Groups all with different areas of expertise.
The DeepWater Horizon Settlement should be handled by professionals that have a very high degree of competency with DeepWater Horizon Settlement Claims.
They Specialize in:
- Business Claims
- Denied BP Claims and Claims that are Stalled
- Medical Claims
- Property Claims
- VOO Claims
- Seafood Compensation Claims
- Individual Economic Loss Claims
We will be helping them put together the paperwork and documentation for your DeepWater Horizon Settlement Claims. Most of you will have one point of initial contact to assemble your Claim, and that will be the team at BPClaims.org, we are available from 9-5 p.m. everyday.
Our staff has extensive knowledge of assembling BP Claims. Team members charge from 7.5% for large loss claims to 33.3% for Medical Claims that include a medical screening. Most economic claims run between 15-20%.
DeepWater Horizon Settlement Pyramid
The DeepWater Horizon Settlement is just another mechanism to glean out valid BP Claims and get them paid. Think about the BP claims process like a Pyramid.
This is how the BP Claims Pyramid Works, we know this because it is based on a model that Insurance companies have used for years.
- They will first get the people that are most desperate to cash out first, here they used Quick Pays over 200,000 people and Businesses took these.
- They will work up the Pyramid and take out the people and Businesses that have solid claims but are ready to settle hence the DeepWater Horizon Settlement Program, most of these will be small to midsize claims.
- Expect a new mechanism here that has yet to be identified, that will take out the larger claims.
- Finally some claims will move into the Litigation phase but most will be settled before they reach court.
This is how Settlements like this have moved forward for years don`t expect the Deepwater Horizon Settlement to be much different. Those who can hang in there the longest will reap the largest rewards.
DeepWater Horizon Settlement News
Lets remember they are just getting this ramped up, but the overall consensus is that this settlement will not last. There will be too many people opting out, too many law firms not opting their case loads in, and if you follow the pyramid example, the DeepWater Horizon Settlement is just one more mechanism to get claims settled.
The big question is will they settle out the larger claims, if they do, the DeepWater Horizon Settlement has a chance of making it, if they wait these claims out, to when the deadlines come up, it will most likely fail.
As it stands now, we advocate that you at least have all of your Claims well documented, and if you have not filed a claim, consider running it through the BP Claims Program that also just opened up. Yes there are now 2 separate funds to get compensated from. There is the DeepWater Horizon Settlement Fund and The BP Claims Program run by BP.
We can Help you with the New BP Claims Program and the DeepWater Horizon Settlement.