BP Claims: What is the process with the GCCF?

How the GCCF Processes Your BP Claims

The way the GCCF processes BP claims is pretty murky. Since the GCCF doesn’t seem to be trying to clarify how BP Claims work, I’m going to do my best to lay out the steps of the process, the timeline you’ll be looking at, and how much money you can expect to get.

Step 1: You file your BP Claims or claim with the GCCF, including all the documentation they ask for about your previous income. You can do this either online, at a claims office, or over the phone.

Step 2: You wait. A long, long time. The GCCF says it tries to process BP claims in 90 days, but most people are waiting upwards of 120 days to receive anything back from the GCCF.

Step 3: They finally send you a letter. Most of the time it will say one of two things: Either a) We paid you too much in emergency claim money so we don’t owe you anything, but you can take a quick pay for $5,000 (or $25,000 for business claims) and sign away your rights or b) We need more documentation to process your claim. If you’re very lucky, they might actually have just processed your claim, but that almost never happens.

Step 4: You can either accept the low-ball quick pay (We recommend that you do not), or you send in the additional documentation if they asked for it, and wait even more for your BP Claims money.

Step 5: After waiting even longer, the GCCF will most likely just send you a measly quick pay offer of $5,000 for personal or $25,000 for business claims. Very few people get real money from a final or interim claim. If you are one of the lucky few who got a good offer, you can go ahead and take it and you’ll be finished.

So What Should You Do About Your BP Claims?

If you are one of the many people who just got a quick pay offer for your BP Claims, you can try to appeal with them, but I wouldn’t bank on that working out. If you think it’s fair compensation, you can take the quick pay. If you are like most people though, it’s not going to be anywhere near the amount BP actually caused you to lose.

If you have gotten to the point where all they are offering you for your BP Claims is quick pay, the only way to get a larger amount is through an attorney. You can either get one to help you with your BP Claims and tell the GCCF that you are represented by an attorney, or you can wait and file a lawsuit.

If I’m Not Getting Anywhere with my BP Claims, how will filing a lawsuit work?

The big trial to figure out which of the many companies involved in the oil spill are liable for what is happening in February 2012. After that trial takes place, you will be able to file lawsuits to get what you rightfully deserve. It is definitely a long time to wait, especially because so many gulf coast residents are hurting right now, but if quick pay is the best they are offering you for your BP Claims, it’s probably the only way to get real money from them.

Lawsuits can be a hassle,  but once you’ve gone through the GCCF’s complicated process to get your BP Claims money, if you are not satisfied by the pitiful amount they probably offered you, then you may need to consider contacting a lawyer. It’s not about trying to get money you don’t deserve; it’s about BP making up for the damage they caused to you and your family.

If you want us to take a look at your BP Claims and help you out with the process, always feel free to fill out the free case review box on the side of the page and we’ll get back to you soon.

When Will GCCF Final Claims Be Paid Out

When will the GCCF final claims pay out, everybody is waiting a many people get a letter saying they where denied even though they have had a loss. The GCCF final claims process is not perfect. So if you have had a loss because of the oil spill fill out a free case review form and an attorney will give you a call. This way it will be free for you to get a new GCCF final claims made up and you only pay the attorney if he get you money. The standard attorney fee is 33 1/3 percent of what he get you in a GCCF final claims settlement.

GCCF final claims

GCCF Final Claims how will it work ?

BP decided to award the damage and loss claims in two main phases – an “emergency claim” phase, which ended November 23rd, and a “final claim” phase, which will end in August 2013. There will also be “interim claims” that can be made quarterly before you make your final claim. In the first “emergency claim” phase, nearly half a million victims filed claims. Over 125,000 of these claims have been paid out so far, resulting in a total depletion of the fund by over $2 billion dollars. The $20 billion fund is also restricted to only pay out $5 billion per year for each until 2013.

GCCF Final Claims Process

Once you file your GCCF final claim, you will receive a confirmation from the confirming receipt of your claim submission. You will also receive a nine digit Claimant Identification Number that is assigned to your claim. The GCCF will process all of the paperwork you have previously submitted into the GCCF database. You will receive written notice from the GCCF regarding any action taken on your claim, including approved amounts, deficiencies, requests for additional documentation, and denied claims. The GCCF will notify you when your claim forms and all of your supporting documentation are complete and ready to be processed.

Status of my GCCF Final Claims

Those that filed claims during the “emergency claim” phase reported that their claims were taking upwards of several weeks to a month or longer, even for individual claims. Business claims were taking even longer than that. Because of complaints over the summer, the process was taken over by Kenneth Feinberg, who previously handled the settlement claims from the September 11th disaster. Now that he is running the GCCF, he has said that he would like to have a 48 hour turn around for individuals and a seven day turnaround for businesses on all BP final claims to be paid out, though he has also said that there are no guarantees and has repeatedly apologized for the delay in streamlining the process as he promised. Though the desired turnaround time has not happened quite yet, Feinberg and the GCCF say they are still working out the kinks in the system. They are currently handling thousands of claim settlements every day, but there is a lot of backlog to get through. Once the backlog is cleared, the GCCF may able to honor its promises. Now that the emergency claims process is over, the process should be quieting down as it will take much longer for final claims to come in to the GCCF. While this all may seem somewhat discouraging, it is merely meant to give you a realistic idea as to how soon you can really expect the GCCF to settle your claims. There is a good chance that once the process becomes more streamlined that you will receive your GCCF Final Claims settlement within the time frame previously promised by Mr. Feinberg.