The Gulf oil spill will affect untold numbers of property owners and renters along the entire Gulf coast, including Texas, Louisiana, Mississippi, Alabama and Florida. Whether your property is your main residence, your holiday home or your business, the devastating effect that an oil spill has on the local coastline, beaches, wildlife and air quality will directly impact the value or income of that property.
Many condo owners and vacation rental businesses are seeing mass cancellations of their properties just as the summer season approaches, which is where they make most of their money for the year. Without this income many will not be able to meet mortgage payments, leading to foreclosures and bankruptcies. Areas that are well known for their beautiful beaches and wildlife will be hard hit by the approach of a filthy, chemical laden oil slick that destroys everything in it’s path.
If your waterfront property is your main residence you will have to pay the high cost of removing the oil that settles on your property, as well as having to live with the many health risks associated with an oil slick. The volatile fumes that come from the oil and also from the toxic chemical dispersants have been implicated in many health problems.
If your property is on the Gulf coast and you are faced with the huge costs of cleanup it is important that you consult with a qualified attorney before you speak with a BP cost assessor. BP has been offering money to Gulf coast residents in return for them waiving their right to sue them at a later date. Don’t let the companies that have destroyed your home or business get away with paying you peanuts.
Big Oil gambled with your health, livelihood and quality of life by cutting corners in the name of bigger profits. Don’t let them get away with it, contact a lawyer now to seek the damages you deserve.