Help Understanding the
"Quick Claim Final Payment"
from BP and the GCCF

For those who filed for and received emergency payments from BP and/or the Gulf Coast Claims Facility ["GCCF"], there is a new method for a final claim payment. This "Quick Claim Final Payment" is available to businesses and to individuals. It is sometimes referred to as the "quick claim" or "quick payment" claim.

Like the standard BP final claim, the "quick claim" claimant will be required to sign a full release of all claims. Before signing that release, get competent advice from an insurance loss professional and legal counsel.

Businesses which filed claims for and received emergency payments will receive $25,000.

Individuals who filed claims for and received emergency payments will receive $5,000.

According to the GCCF, the only required documentation for a "quick payment" is the request form and a release signed in the original and returned to the GCCF. There is no other, additional supporting documentation required.

These claims should be undertaken with an understanding that all alternative routes to recovery are waived, including filing litigation and a filing with the Coast Guard under the OPA.

If your damages are larger than the total amount you have received from BP or the GCCF, you can not continue to file claims. The "Quick Claim" is designed to create certainty and finality in the claims process.

Consult with a competent loss professional, and seek legal counsel

• Fully identify the scope of the actual loss, and evaluate the risks and benefits of the Quick Claim
• Consider a final claim, or a series of interim claims and a final claim, if damages exceed the "quick claim" or "quick payment" amount