Laredo, TX | By SPJ Adjusting Services – Insurance Appraisal Expert
When an insurance company delays or wrongfully denies your claim, justice can feel like it’s moving at a snail’s pace. But Texas law offers tools to help level the playing field. One of the most powerful tools for policyholders is prejudgment interest.
Many people have never heard of it but understanding how it works could mean thousands of extra dollars in your pocket after a long claims dispute.
What Is Prejudgment Interest?
Prejudgment interest is compensation for the time your insurance company withheld payment on a valid claim. It starts accruing from the date of loss, not from when you finally get paid or the court issues a judgment.
Think of it this way: if your insurance company sat on money they owed you for years, you should be compensated for that lost time. That’s exactly what prejudgment interest is meant to cover.
Why It Matters in Insurance Appraisals
Even when liability is clear, insurance companies don’t always pay promptly. Delays can stretch for months or years. When your claim eventually ends in court or is resolved after an appraisal, prejudgment interest ensures the insurer doesn’t profit from the delay.
This extra interest:
- Increases your total payout, especially after a lengthy dispute.
- Encourages insurers to handle claims fairly and on time.
- Is often missed by policyholders who don’t have professional representation.
Real-Life Example
Imagine you had a storm damage claim in Laredo, TX in 2021. The insurance company wrongfully denied it. After hiring SPJ Adjusting Services to handle your insurance appraisal, the process and legal action take two years, and you’re awarded $50,000 in 2023.
With prejudgment interest, the court may add interest calculated back to 2021 meaning thousands of dollars more in your recovery.
Texas Law Works in Your Favor
Texas allows prejudgment interest on contract disputes, including property insurance claims. However, it’s not automatic you or your representative must request and calculate it correctly during settlement or litigation.
How SPJ Adjusting Services Helps
Most homeowners and business owners don’t realize they may be owed more than just the claim amount. At SPJ Adjusting Services, we:
- Work with legal experts to include interest in your recovery.
- Fight for every dollar you’re entitled to, not just the initial loss amount.
- Provide skilled insurance appraisals that help secure fair outcomes in Laredo and across Texas.
Don’t Let Delays Shortchange You
If your claim has been delayed or denied, prejudgment interest could put thousands back in your hands. With SPJ Adjusting Services on your side, you won’t leave that money on the table.
Serving all of United States with Insurance Appraisal and Umpire Services
Call us today for a FREE consultation : (855) 509-0831
Or Book on appointment for claims consultation here – https://calendly.com/sjerome-spjadjusting/30min?month=2025-08
Visit : www.spjadjusting.com
Email : info@spjadjusting.com
