Oil Spill Update September 1, 2010
Dear ResortQuest Partner:
I hope this email finds you well and I wanted to bring you up to speed on a few changes to the BP claims process.
As you may have heard, on Monday, August 23rd, BP officially transitioned the claims process over to Ken Feinberg, who was appointed by President Obama to oversee the twenty-billion dollar escrow fund. This fund is called the Gulf Coast Claims Facility, or "GCCF."
According to Mr. Feinberg, everyone who filed with BP will unfortunately need to re-file with the GCCF, and you can do so in a number of ways:
Gulf Coast Claims Facility
Kenneth R. Feinberg, Administrator
P.O. Box 9658
Dublin, OH 43017-4958
Two very important things to consider:
First, if you are eligible and can prove your loss, you may file for an emergency payment from the GCCF for up to six months worth of a loss. According to their website, you will not be required to sign a waiver of any kind to receive this payment. You will need to consult your accounting and legal firms to determine what your projected emergency losses are. Keep in mind that after November 22, 2010 the emergency payment benefit will end.
From November 22nd forward, your claim will be considered a settlement for all future damages and you will be required to sign a release with BP waiving your right to sue. You will not be able to continue to file for losses by month as some of you have this summer. However, you may file your final settlement at anytime between now and the end of the GCCF funds' life cycle (said to be 3 years). I would recommend that you contact your accounting and legal firms to determine what your final claim and damages should be.
The ResortQuest owner assistance team at ownerbpinfo@resortquest.com is standing by and ready to help you with document requests from the GCCF!
Thank you for your continued support,
Lino Maldonado
Vice President, ResortQuest
(850) 301-3420 Office
(850) 301-3419 Fax
lmaldonado@resortquest.com
www.resortquest.com
ResortQuest Owner Email Updates:
July 2, 2010
June 16, 2010
June 3, 2010
May 21, 2010
May 5, 2010
May 4, 2010
May 1, 2010
April 28, 2010
April 27, 2010
ResortQuest Current Beach Photos:
http://www.resortquestnwfl.com/beach-photos.htm
Video update from BP
http://bp.concerts.com/gom/kentwells_update24052010.htm
Government agency updates:
Deepwater Horizon Response website
Deepwater Horizon Response Facebook page
NOAA Emergency Response-Deepwater Horizon Incident
NOAA Incident News--Deepwater Horizon Incident
US Coast Guard's Photostream
Area and visitor industry updates:
Gulf Shores and Orange Beach, AL
Perdido Key, FL
Navarre Beach, FL
Emerald Coast CVB (Fort Walton Beach and Destin)
Okaloosa County, FL (Fort Walton Beach and Destin)
Beaches of South Walton, FL
Panama City Beach, FL
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