BP Claims

On April 20, 2010, the Deepwater oil rig owned by Transocean and managed by British Petroleum (BP) exploded in the Gulf of Mexico. For months after the explosion, close to 150 million gallons of oil were released into the Gulf, resulting in one of the largest environmental disasters in the history of the United States. The oil spill was devastating to the Gulf Coast, including the Metairie community.

BP Claims

Compensation for BP Oil Spill Property Damage

The BP oil spill caused extensive damage to commercial, residential, and undeveloped property along the Louisiana coastline. The disaster negatively impacted thousands of businesses and individuals. After an investigation, BP and the other companies involved in the oil spill reached a settlement to compensate businesses and individuals harmed by the oil spill.

Individuals and businesses can file a claim through the $20 billion Economic and Property Damages Settlement fund to receive compensation for damages caused by the oil spill. There is no cap for claims paid out through the fund. BP created a separate settlement fund for medical claims.

What Kind of Property Damage is Covered by the BP Settlement Fund?

The property damage covered by the BP settlement fund is extensive, and nearly every industry qualifies. The fund covers lost wages, lost business income, property damage, clean-up expenses, among other economic losses from the spill. The BP Settlement Agreement lists various types of economic and property damage eligible for reimbursement, including:

  • The Seafood Compensation Program,
  • Individual periodic vendor or festival vendor economic loss,
  • Start-up business economic loss,
  • Failed business economic loss,
  • Coastal real property damage,
  • Wetlands real property damage,
  • Real property sales loss,
  • Subsistence loss,
  • Vessels physical damage, and
  • Individual economic loss.

An attorney can evaluate your specific situation and help you determine which category applies to your situation. In general, BP will pay for property damage losses if the oil spill was the cause of the loss, the loss is not remote or speculative, and the claim is substantiated.

What Should You Include in Your BP Claim?

You must include the information required by the Ocean Pollution Act (OPA) for your BP claim to be accepted and properly evaluated. In addition, it is critical to have the appropriate documentation such as tax records, payroll records, bank statements, photographs of damaged property, receipts of the replacement property, and receipts for cleaning and repairs. The more documentation and evidence that you include with your claim, the greater your chance of getting the compensation you deserve.

It is critical not to wait because there are time limits on when you can file a claim. New BP claims must have been filed before the statute of limitations expired on June 8, 2015.

Do You Need an Attorney to File a BP Claim in Metairie?

You can submit a BP claim for property damage on your own but working with an attorney gives you the best chance of getting the compensation you deserve. The claims process can be very confusing, and an attorney will work with you through every step of the process. Do not make the mistake of assuming the BP is on your side and will treat you fairly. It is critical to have an attorney on your side that will fight for your rights and help you recover compensation for your losses.

An experienced attorney can help in various ways. First, they will help you understand your rights and options under the law. They will assist you in the process of submitting your claim and assembling the appropriate documentation. If your claim is denied or you are underpaid, they can fight for you through the appeals process.

What Happens if My BP Claim was Denied?

BP has a history of trying to avoid payment and delay claims. They have an army of lawyers on their behalf working to avoid liability. If your claim was unfairly delayed, delayed, or underpaid, you should reach out to a qualified Metairie attorney as soon as possible. You have the right to appeal the decision within 30 days. An attorney will fight aggressively on your behalf to get you the compensation that you deserve.

Your Metairie BP Claim Attorney

If you have a question about a BP oil spill claim, you should reach out to a local Metairie attorney. The Fisher Law Firm is a full-service law firm dedicated to providing the best legal services to Louisiana residents. Your initial consultation is free, so call us today at 504-304-4944 to schedule an appointment at our Metairie, Louisiana office.

 

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