Statutory Damages Calculator - Enforce Interest

Claim particulars

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Unpaid claim amount

File / claim reference

Insured (optional)

Carrier (optional)

II.

Statutory deadline

Accrual period

Date payment was due When the §542.057 / §542.058 deadline expired

Through date (paid or today) Interest accrues to this date

III.

Penalty rate

Select regime

Applies to non-weather claims and to weather-related claims with a date of loss before September 1, 2017. Eighteen percent simple interest, accruing daily from the date payment was required.

IV.

Calculation memorandum

Live

Statement of Damages Owed

Pursuant to Tex. Ins. Code §542.060(a)

Computed
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Total amount owed —

Unpaid principal claim amount	—
Date payment was required	—
Through date	—
Days delayed	—
Penalty rate (per annum)	—
Daily periodic rate	—
Per-day interest accrual	—
Statutory interest damages	—

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Standard rate. Under §542.060(a), an insurer that fails to comply with Subchapter B is liable for the claim amount plus interest at eighteen percent per annum as damages, together with reasonable and necessary attorney's fees.

Floating rate. Under §542.060(c), in actions to which Chapter 542A applies (property damage caused wholly or partly by forces of nature, with date of loss on or after Sept. 1, 2017), the rate is the §304.003 judgment rate plus five percent. The §304.003 rate floats with the prime rate, with a floor of 5% and a ceiling of 15%, producing a §542.060(c) penalty range of 10% to 20%.

Accrual. Interest accrues from the date the claim was required to be paid. The controlling deadline depends on which subchapter provision was breached: §542.055 (acknowledgment), §542.056 (acceptance/rejection), §542.057 (post-acceptance payment), or §542.058 (sixty-day catch-all).

Hinojos. See Hinojos v. State Farm Lloyds, 619 S.W.3d 651 (Tex. 2021): payment of an appraisal award does not extinguish liability for §542.060 interest on amounts that should have been paid earlier.

Disclaimer. This calculator is provided as an educational reference. Not legal advice. Confirm accrual dates and applicable rate against the controlling statute and case law for your specific claim.