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02-24-2024, 11:10 AM
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Soaring Eagle member
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Join Date: Mar 2020
Posts: 2,114
Thanks: 62
Thanked 927 Times in 538 Posts
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Quote:
Originally Posted by Gatorfan1
The insurance adjusters did deny the claim. Since the roofer had the homeowner sign their benefits over to them, they called their attorney who had been waiting and lawsuit filed. Insurance companies had to make a decision. Pay for roof or pay hundreds of thousands of dollars to fight the claim n court. (Still ended up paying $ 1.7 billion in just over a year) bankrupted company’s and many just packed up and left Florida. The companies that are still in Florida had to raise their premiums because they are insuring a lot more clients and had to build their reserves back for future claims. Think about this, out of 100% claims in US, 70% are filed in Florida.
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Hit the head.
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