Madoff Homeowners Insurance

MADOFF RECOVERY AGAINST HOMEOWNERS INSURANCE

Are You A Madoff Victim and Do You Have Homeowners Insurance?

Your homeowner’s insurance policy may provide coverage for your Madoff losses. In order to file a claim against your homeowner’s policy, you must provide timely notice. After being retained, the attorneys at Sonn & Erez PLC will immediately analyze your homeowner’s policy and all policy endorsements. These policies contain many endorsements which may provide a source of recovery for your Madoff losses.

Some homeowners insurance policies have coverage for theft of money or securities. This coverage may be for different amounts. Sonn & Erez PLC believes that victims had securities stolen from them, and may have some coverage for these losses. In some cases, insurance companies act in “bad faith” which may subject them to suits for damages far beyond the limits of your homeowners coverage. For more information, contact us at 1-866-372-8311.

In order to protect your rights to file a claim against your homeowner’s insurance policy, you need to provide early and advanced notice of your claim to your homeowner’s insurance carrier. Most policies have strict and onerous notice provisions that bar claims made beyond a certain limited time period. Many states “enforce” these policy limitations. 

Sonn & Erea can analyze a potential claim against your homeowner’s insurance policy in connection with your Madoff losses, but you must supply us with:

1. A signed retainer agreement;
2.  Your home owner’s insurance policy;
3. Your account opening agreements with BMIS or other Fund, such as a prospectus, a Private Offering Memorandum or an Operating Agreement;
4. The account statements you received;
5. Any sales literature or correspondence sent to/received from Madoff or any Fund;
6. All evidence of money you invested w/ BMIS or a Fund, such as wires, instructions;
7. Checks or transfer of securities to BMIS or to a Fund; and
8. Any records relating to receipt of deposit by BMIS or a Fund (it is extremely important to have proof of what entity deposited your money).

If you have information or wish to discuss your insurance rights, contact us at 1-866-372-8311 or contact Jeff Sonn, Esq. at jsonn@sonnerez.com or Jeff Erez at jerez@sonnerez.com, or Stefan Apotheker at sapotheker@sonnerez.com.