Quote:
Originally Posted by bpascani
And DO NOT let said 'roof person' talk you i to 'letting him handle everything with you insurance company for you'! That is called ASSIGNMENT OF BENEFITS, and ou are basically signing your house over to this person. DON'T FALL FOR IT!! Do it yourself ...like this person did!!
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The advice above is right on. Just had cousin in another state taken in this same scam (concerning water damage) and it cost her thousands and after a very long legal fight, also lost her insurance for signing what the restoration/mold person told her she MUST sign, or, they would simply allow her basement to remain as it was... full of water, until as he told here "the foundation walls just collapse".
But of serious concern here in the Villages is the number of people who are falling for the roofing scam, turn in a false damage claim to get a "free" roof, and then pay with mind boggling premium rates: $700 to $1500 annually in one actual example...but, many of the neighbors got their "free" roofs. Here is a great explanation of what will continue if people don't stop this kind of thing. Got this letter from
my insurance company (one many on this site also seem to have):
"You may have noticed that your home insurance premium has been increasing these past few years - and sadly, there's no end to this trend in sight. Florida's property insurance industry is facing an unprecedented crisis and unless we achieve meaningful legislative reform, this trend will continue for years to come. Fortunately, you can help bring this crisis to an end!
Here's Why Premiums Continue to Increase:
Frivolous lawsuits filed by trial attorneys who earn "fee multipliers," generally of 2-3 times an average attorney's hourly rate (ex. $500 x 2.5 = $1,250 an hour). They are able to earn six-figure fees on a $10K settlement, none of which is shared with the policyholder - they keep it all to themselves.
Thousands of claims reported with damage to roofs that appear to be wear-and-tear or maintenance-related, rather than damage caused by a covered peril.
Reinsurance (“insurance for insurance companies) costs are rising because of lawsuits being currently filed for “damage” caused by a hurricane that made landfall three years ago! "
You may have noticed that your home insurance premium has been increasing these past few years - and sadly, there's no end to this trend in sight. Florida's property insurance industry is facing an unprecedented crisis and unless we achieve meaningful legislative reform, this trend will continue for years to come. Fortunately, you can help bring this crisis to an end!
Here's Why Premiums Continue to Increase:
Frivolous lawsuits filed by trial attorneys who earn "fee multipliers," generally of 2-3 times an average attorney's hourly rate (ex. $500 x 2.5 = $1,250 an hour). They are able to earn six-figure fees on a $10K settlement, none of which is shared with the policyholder - they keep it all to themselves.
Thousands of claims reported with damage to roofs that appear to be wear-and-tear or maintenance-related, rather than damage caused by a covered peril.
Reinsurance (“insurance for insurance companies) costs are rising because of lawsuits being currently filed for “damage” caused by a hurricane that made landfall three years ago!