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Old 02-24-2024, 08:18 AM
Miboater Miboater is offline
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Quote:
Originally Posted by NoMo50 View Post
While the "roofing scams" may not have been perpetrated by the insurance companies, they have certainly facilitated the spread of the scams. Insurance companies are under no obligation to pay fraudulent claims. Zero. In fact, the typical insurance contract clearly spells out that fraudulent claims are not covered. But, the companies continued to pay claims they knew were not valid. Because of this, they were/are complicit in the scam.

You must remember, though, that the insurance industry pays out in excess of $100 million to lobbyists at the state and federal levels. These lobbyists work very hard to ensure that you, John Q. Citizen, pay the ultimate cost of any "crisis" endured by the insurance industry.
From what I understand happens is the insurance companies will deny the claim and then the attorneys for the roofing company will sue the insurance company. Then the insurance company will settle as it is cheaper than going through the court system.