Note: The below questions and answers relate to Florida policyholders and policies issued in Florida. If you are a claimant in another state, please refer to the information posted within these FAQ’s and contact that state’s guaranty association for guidance on their claims handling processes.
What is the status of my pending commercial claim?
Processing and payment of covered claims for the policies identified above are being handled by the Florida Insurance Guaranty Association (you are leaving the DFS website and opening a new browser window) ("FIGA"). FIGA pays covered claims up to a maximum of $300,000 per claim. Additionally, there is a $100 statutory deductible per claim. You may contact FIGA using the following information:
Florida Insurance Guaranty Association
P.O. Box 14249
Tallahassee, FL 32317
Phone: (800) 988-1450
Fax: (850) 523-1888
If I reported my claim to AequiCap, must I start over with FIGA?
No. FIGA has access to the company claim files and will handle your claim.
How much will be paid on my claim?
FIGA will pay covered claims up to policy coverage or up to a maximum of $300,000. All claims paid by FIGA are subject to a $100 statutory deductible. Claims for the $100 deductible and/or in excess of $300,000 may be claims against the estate of AequiCap and may be submitted to the Receiver by filing a proof of claim form.
The Receiver has not yet begun the proof of claim filing process. Once the proof of claim process begins, information will be posted on this website on how you can obtain a proof of claim form.
There is a lawsuit being brought against me for bills that AequiCap should have paid. What should I do?
You should contact FIGA immediately at (800) 988-1450. Just as the insurance company would have done if it were still solvent, FIGA will determine if you are entitled to receive legal defense.
Do I need to submit a proof of claim form to the Receiver in order to have FIGA make payments on my loss claim?
No. FIGA has access to the company claim files and will review your claim to determine if it is a covered claim on which payments may be due. FIGA is allowed a $100 statutory per-claim-deductible; the maximum statutory FIGA payment is $300,000.