ASHFORD, Conn. (WTIC Radio) - The insurance company set up to help Connecticut homeowners with crumbling foundations will soon begin accepting applications again.The Connecticut Foundation Solutions Indemnity Company will begin accepting new applications Jan. 13, and will continue to do so for at least 30 days, the company announced Monday.However, the company won't be able to do much with the claims for now.
Anyone applying on or after that date, regardless of the severity code of their foundation, will become a ‘Pending Claimant’ under CFSIC’s revised claims guidelines.”Officials says they need to know how much money the captive insurance company will receive from the $12 annual surcharge tacked on to homeowners' and renters' insurance policies in Connecticut. Officials say they also need the legislature to extend the sunset date of the company to the end of June 2030, when the surcharge is itself slated to sunset."We want people to apply, even though we’re not going to be able to do much with their claims for a while," said CFSIC Superintendent Michael Maglaras. "The more data we have about the extent of the problem, the towns affected by the problem, and the economic hardship being suffered by so many of our fellow citizens...the more likely we are to secure additional funding, particularly from federal sources, over the next several years
