Quote:
Originally Posted by Michael 61
I’m a retired insurance claims manager - I dealt with fraudulent claims on a daily basis - unfortunately there are many dishonest people who “scam” the insurance industry, and thus contribute to rate increases - no different than stores that have to pass on price increases due to shoplifting.
Shame on those that participated in the new roof scamming - we are all paying the price now for those dishonest actions.
|
Hi Michael. I own an historical home built in 1888 (NY). I had a claim and ended up needing to hire someone to deal with the carrier (Chub Masterpiece). They consistently undervalued what the claim was for. Every point of contention was won by us. I agree fraudulent claims plays a large part in high insurance rates. The insurance companies themselves are not free from guilt. USI loses over sixty percent of cases that are opened due to their denial of a claim. Those legal fees are calculated into our quotes. There is blame to go around.