Lets see what the Public Adjusters have to say. Love the fact the claims are being paid ACV until repairs are complete.These so called adjusters will try to jack up the cost of all claims, go to appraisal because they do not know how to settle a claim. I am talking S. Florida, public adjusters in central floeida know how to settle a claim.
You are completely right ,mr.bob. I face the similar issue on my fire damaged building and carport collapsed
Claims.adjuster are certified licensed people who relies upon contractor’s estimate to produce cost and
Visit the site to simply see truth of claim and dimensions,nothing else.they neither have experience of contractor
Nor have know how of market values of materials and labour.many times they are not equiped to inspect the
Building damaged since they use small car to go site.how they can assess the cost of real damage to satisfy
Or comply actual damage. Insured are cut to the bottom of claim against premiums they paid.i support your
Comment.need to create voice against adjusters to push for only qualified technical and strong background people.
Where are consumers being ripped off by this bill? It is fair and equitable and will eventually reward the people not ripping off the ‘system’. The same entitlement mentality floating around this country is running the property insurance market into the ground.
Comrade, this bill does help the consumer. Apparently you dont write homeowners or you would understand this. Everyone’s insurance premiums go into one pile to pay claims. The more fraudulent claims that are paid out, the more the insurance rates go up. Where do you think the money comes from…trees?
Fasano is right. The consumer is the loser. If the companies adjusted fairly we would have no need for public adjusters.
Maybe I’m reading this wrong, but requiring a form to be signed by policy holders saying they are subject to a Citizens policyholder surcharge of up to 45% of premium and emergency assessments is something I had to laugh at. “By the way Mr. Consumer there could be a possible 45% increase on your premium for the policy that makes you pay for the repairs and damages in order to get reimbursed, maybe in the next 2 months or so, by the insurance company if you’re lucky. So just hand over a stack of money to get a policy, keep another stack handy for the increases and another stack to pay the bills your going to have to pay for in order to float the funds for the insurance companies.” That should limit everyones spending to buying gas, food, mortgage and insurance. Our economy is so healthy and vibrant this should have absolutely no effect on anything. I’m going to buy a bunch of stock because I know it can only go up with great news like this.
I live in Central Florida (Hernando county.) I get (maybe now GOT) on average one PA solicitation in the mail per week. We have sign twillers on the busy corners and numerous law firm bill boards, all soliciting sink hole claims.
This bill is good for Florida consumers. Catastrophic
sink holes are, of course, still covered on your HO!
Yes this is a good bill. People with actual sinkholes will still be covered. People trying to hit the sinkhole lottery will have a very hard time, and everyone else will get to stop paying for the current state of nonsense and fraud going on. I estimate 1 percent of the sinkhole claims have actual sinkhole damage. Remember the days when your homeowner Insurance cost $300 per year with $100 deductible? Why are you now paying $2500 with a $5000 deductible while your neighbor does victory laps with his cash? Who is really paying the for the fraud? That is the problem in a nutshell. This is a pro-consumer law. Don’t believe the hype.
“As of January 1, 2012, Citizens must require agents to obtain from applicants for coverage a signed Acknowledgment of Potential Surcharge and Assessment Liability form. The form details that Citizens policyholders are subject to a Citizens policyholder surcharge of up to 45 percent of premium and emergency assessments”
I haven’t seen or heard anything defining or explaining exactly what this, Citizens Policyholder Surcharge of up to 45% is, or what will drive it. Any info, anyone?
As someone who defended insurance companies for more than 10 years I have seen on more than one occaision an insurance company adjuster paying a questionable claim just to get the file off their desk rather than forcing the insured to actually prove that there is coverage for the claim in a court of law. The fact of the matter is that insurance companies know what are “questionable” claims and they could just as easily exclude those claims from the policy. But then again where is the profit in that.
For the vast majority of homeoweners who have never made a claim, the fact that they will now have to pay for the repairs to their homes upfront, is the polar opposite to the fundimental concept of insurance which is restore the homeowner to the position he was in right before the disaster struck. How many peole have those kinds of resources.The simple fact is that insurance companies are not in business to pay claims. If think that this law is good for your industry what are you going to do when no one can afford to pay their premiums…complain that your revenue is down? My only hope is that the next hurricane blows the roof off your house and the CAT adjuster that just was hired undervalues your claim.
There is no actual dollar cost on my policy for the portion which covers sink hole insurance. What percentage per $100,000 of the home owner policy is charged for sink hole coverage?
The insurance companies are saling policies that does not provide coverage in good faith,but collects premiums.
When one claims for fire or other damage,the TPA seeks to either under payment of claim or declining the claim,interpreting unexplain and minor faults in name of maitenance causes. Can governor hon.Scott can
Help contest such processes that seems to be like abusement of insured small businesses or dictatorial attitude of TPA. The delay in process,grilling of insured who claims and instant increase in premium,three to four times
On renewal. Insurance is meant for protection of investment in business,but legal claim hurts it for which customer paid premiums for years. Why?
All the insured people needed to form a platform to boycott insurance companies and the adjuster in
Contest of whatever injustice they face from.No insured business knows provision of clauses in detail at
Receiving binders from insurance companies or their agents .the policy by underwriters are normally provided to
Insured businesses after 3-6 months later.when something happens,they come out with fine letters conditions
A matter of Proffessional cheat to consumers.The state insurance department must study cases and complains
To frame new rules common to accept to process claims.unite for justice is my message.
Excellent Move, Gov. Rick!
Now what about Florida PIP No fault?
Lets see what the Public Adjusters have to say. Love the fact the claims are being paid ACV until repairs are complete.These so called adjusters will try to jack up the cost of all claims, go to appraisal because they do not know how to settle a claim. I am talking S. Florida, public adjusters in central floeida know how to settle a claim.
You are completely right ,mr.bob. I face the similar issue on my fire damaged building and carport collapsed
Claims.adjuster are certified licensed people who relies upon contractor’s estimate to produce cost and
Visit the site to simply see truth of claim and dimensions,nothing else.they neither have experience of contractor
Nor have know how of market values of materials and labour.many times they are not equiped to inspect the
Building damaged since they use small car to go site.how they can assess the cost of real damage to satisfy
Or comply actual damage. Insured are cut to the bottom of claim against premiums they paid.i support your
Comment.need to create voice against adjusters to push for only qualified technical and strong background people.
This ought to be good. Scott’s corporate background has a history of ripping consumers off. I’m sure insurance companies love him.
Where are consumers being ripped off by this bill? It is fair and equitable and will eventually reward the people not ripping off the ‘system’. The same entitlement mentality floating around this country is running the property insurance market into the ground.
How is wanting to be treated fairly an entitlement? How is an entitlement mentality running the property insurancemarket into the ground?
entitlement mentality: “I have cracks in my stucco. My insurance carrier should pay off my mortgage. And then I won’t repair the damage.”
I have no problem with ACV if repairs not made.
Comrade, this bill does help the consumer. Apparently you dont write homeowners or you would understand this. Everyone’s insurance premiums go into one pile to pay claims. The more fraudulent claims that are paid out, the more the insurance rates go up. Where do you think the money comes from…trees?
So we have a fraud problem. Thats not an entitlement problem.
Kudos to IJ on the reporting… great job explaining all of the different parts of the bill.
Fasano is right. The consumer is the loser. If the companies adjusted fairly we would have no need for public adjusters.
Maybe I’m reading this wrong, but requiring a form to be signed by policy holders saying they are subject to a Citizens policyholder surcharge of up to 45% of premium and emergency assessments is something I had to laugh at. “By the way Mr. Consumer there could be a possible 45% increase on your premium for the policy that makes you pay for the repairs and damages in order to get reimbursed, maybe in the next 2 months or so, by the insurance company if you’re lucky. So just hand over a stack of money to get a policy, keep another stack handy for the increases and another stack to pay the bills your going to have to pay for in order to float the funds for the insurance companies.” That should limit everyones spending to buying gas, food, mortgage and insurance. Our economy is so healthy and vibrant this should have absolutely no effect on anything. I’m going to buy a bunch of stock because I know it can only go up with great news like this.
I live in Central Florida (Hernando county.) I get (maybe now GOT) on average one PA solicitation in the mail per week. We have sign twillers on the busy corners and numerous law firm bill boards, all soliciting sink hole claims.
This bill is good for Florida consumers. Catastrophic
sink holes are, of course, still covered on your HO!
Yes this is a good bill. People with actual sinkholes will still be covered. People trying to hit the sinkhole lottery will have a very hard time, and everyone else will get to stop paying for the current state of nonsense and fraud going on. I estimate 1 percent of the sinkhole claims have actual sinkhole damage. Remember the days when your homeowner Insurance cost $300 per year with $100 deductible? Why are you now paying $2500 with a $5000 deductible while your neighbor does victory laps with his cash? Who is really paying the for the fraud? That is the problem in a nutshell. This is a pro-consumer law. Don’t believe the hype.
“As of January 1, 2012, Citizens must require agents to obtain from applicants for coverage a signed Acknowledgment of Potential Surcharge and Assessment Liability form. The form details that Citizens policyholders are subject to a Citizens policyholder surcharge of up to 45 percent of premium and emergency assessments”
I haven’t seen or heard anything defining or explaining exactly what this, Citizens Policyholder Surcharge of up to 45% is, or what will drive it. Any info, anyone?
As someone who defended insurance companies for more than 10 years I have seen on more than one occaision an insurance company adjuster paying a questionable claim just to get the file off their desk rather than forcing the insured to actually prove that there is coverage for the claim in a court of law. The fact of the matter is that insurance companies know what are “questionable” claims and they could just as easily exclude those claims from the policy. But then again where is the profit in that.
For the vast majority of homeoweners who have never made a claim, the fact that they will now have to pay for the repairs to their homes upfront, is the polar opposite to the fundimental concept of insurance which is restore the homeowner to the position he was in right before the disaster struck. How many peole have those kinds of resources.The simple fact is that insurance companies are not in business to pay claims. If think that this law is good for your industry what are you going to do when no one can afford to pay their premiums…complain that your revenue is down? My only hope is that the next hurricane blows the roof off your house and the CAT adjuster that just was hired undervalues your claim.
There is no actual dollar cost on my policy for the portion which covers sink hole insurance. What percentage per $100,000 of the home owner policy is charged for sink hole coverage?
The insurance companies are saling policies that does not provide coverage in good faith,but collects premiums.
When one claims for fire or other damage,the TPA seeks to either under payment of claim or declining the claim,interpreting unexplain and minor faults in name of maitenance causes. Can governor hon.Scott can
Help contest such processes that seems to be like abusement of insured small businesses or dictatorial attitude of TPA. The delay in process,grilling of insured who claims and instant increase in premium,three to four times
On renewal. Insurance is meant for protection of investment in business,but legal claim hurts it for which customer paid premiums for years. Why?
All the insured people needed to form a platform to boycott insurance companies and the adjuster in
Contest of whatever injustice they face from.No insured business knows provision of clauses in detail at
Receiving binders from insurance companies or their agents .the policy by underwriters are normally provided to
Insured businesses after 3-6 months later.when something happens,they come out with fine letters conditions
A matter of Proffessional cheat to consumers.The state insurance department must study cases and complains
To frame new rules common to accept to process claims.unite for justice is my message.