Deadline approaches to claim Citizens Insurance rebate

Deadline approaches to claim Citizens Insurance rebate

BATON ROUGE, LA (WAFB) - Louisiana Commissioner of Insurance Jim Donelon issued a reminder to people that the deadline to claim a rebate for the Citizens Assessment charged on their 2010 insurance policy is December 31.

Everyone who pays property insurance in the state pays the Citizens assessment each year as part of their bill, regardless of their insurance provider. According to Donelon, more than $50 million of the total assessment collected in 2010 remains unclaimed.

"The allotted time to claim assessment rebates for 2006 through 2009 has already expired and along with it, nearly 55 percent of the available assessment rebate," Donelon said in a written release. "That's more than $255 million that went unclaimed. I strongly encourage all property insurance policyholders in the state to take the time to claim what is owed to them."

The opportunity to claim the rebate expires after four years.

Copyright 2014 WAFB. All rights reserved.