TPC Pulls Rug Out From Under Port Neches Blast Victims; Residents Hold Protest
In a statement posted on PortNechesResponse.com directed to Port Neches area residents who filed claims after the explosion, TPC stated that they will not be paying claims in full unless additional conditions have been met, which is a complete reversal from what they had been telling their claimants for months.
The statement says the following:
SETTLEMENT PAYMENTS & PROCESS
The payment process has been updated to provide payments to homeowners to begin repair work and when repair work is completed.
Structured Payment Schedule for Residental Property Claims
Stage 1: At time of settlement appointment, once all necessary documentation is provided and claimant signs the form release, claimant will receive:
- 25% of total estimate payable to claimant and mortgagee (as applicable)
- 10% of total estimate payable to claimant as contingency to provide buffer in case repair costs exceed total repair estimate.
Stage 2: The claimant will then have 120 days from Stage 1 to sign a contract with a licensed contractor to complete the repairs identified in the TPC estimate and submit that documentation to the claims processor. After confirmation that the requirements were met, the claimant will receive:
- 25% of total estimate payable to homeowner and mortgagee (as applicable)
- For claims with estimates of $10,000 or less, the payments in Stages 1 and 2 may be combined and payable to the claimant
Stage 3: The claimant will then have 24 months from Stage 1 to provide the claims processor with a certification from the licensed contractor that the repairs have been completed. After confirmation that the requirements were met, and subject to an inspection by the claims processor to confirm, the claimant will receive:
- The remaining 50% of total estimate payable to homeowner and mortgagee (as applicable)
This should not come as a surprise as with most companies who try to compensate victims for their negligence, TPC’s mismanagement of this entire debacle has clearly shown that they have zero interest in ensuring the prompt payment to the Port Neches blast victims.
Community leaders and residents, frustrated with TPC’s negligence, took to the streets to protest Sunday afternoon.
Does This New Structured Affect My TPC Payout If I Already Signed Their Release?
Legally, if you signed the release, this should not be binding to you. However, TPC will say otherwise because they have every interest in ensuring that you grow as frustrated as possible to accept the smallest amount possible to get you to give up on your claim.
What Happens If I Didn’t File A TPC Claim Before The Deadline? Is It Too Late To Get Help?
No. The deadline that TPC set to file claims is just an arbitrary date and is not legally binding. All it means is that a TPC adjuster will not go out to your home and you are no longer a part of the “claims process” that they have laid out for everyone else.
To be clear: You DO NOT have to have filed a claim in order to get paid by TPC. Instead, what you can do is hire an experienced explosion property damage claim attorney to seek compensation for your property damage.
Call The Port Neches Explosion Claim Lawyers At Moore Law Firm Today
If you or a loved one is tired of getting the run around from TPC, you need to call the Port Neches property claim lawyers at Moore Law Firm today!