Notice: Effective March 7, 2011, AequiCap was placed into liquidation. The Florida Receiver is currently gathering claim files and claim data in order to forward the information to the appropriate guaranty association. As a result, there may be a slight delay in claim processing during this transitional period. Please continue to contact AequiCap using the contact information below to file a new claim. This website will be updated once the transition is completed. At that time, new contact information will be posted to assist policyholders in filing a new claim or in following up on a pending claim.
For Property and Casualty Claims (i.e., commercial auto claims) of Florida Policyholders: With the entry of the liquidation order, the Florida Insurance Guaranty Association (“FIGA”) is activated to help pay outstanding claims for property and casualty policies. The processing and payment of pending covered claims will be made by FIGA (subject to the lesser of policy limits or FIGA’s maximum cap). The maximum amount FIGA will cover is $300,000. No claim will be paid in excess of this cap. By statute, all claims are subject to a $100 deductible over and above any deductible identified in the AequiCap policy. A policyholder may file a claim with the Receiver for the $100 deductible and for amounts over the cap.
For Workers’ Compensation Claims of Florida Policyholders: With the entry of the liquidation order, the Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) is activated to help pay outstanding claims for workers’ compensation policies. FWCIGA limits the amount it pays on claims to the amount of coverage provided by the policy. However, Florida does not limit benefits paid to injured workers and pays 100 percent of the statutorily defined workers’ compensation benefits. For unearned premium claims, FWCIGA’s obligation is limited to $50,000 and covers only policies in force on the date of liquidation.
For Claims of Georgia, Oklahoma and South Carolina Policyholders: With the entry of the liquidation order, the respective states’ guaranty associations are activated to help pay outstanding claims for property and casualty policies. The processing and payment of pending claims will be made in accordance with the respective state statutes.
What i dont get is why my attorney says "we have to wait till its over"! If thats the case then why does FWCIGA exist and why are we NOT seeking beneifits from them etc..?? Im looking for some guidedance any help or thoughts would be thankful.. I have never seen a sitiution like this before!