One other thing. Should the vendor lose to the insurer over the higher costs, the vendor can come after the homeowner for the extra money, and even place a lien on the home.
Dear Jeff,
My daughter was taken in by M & I General Contracting in Port Orange, Fl one of these unscrupulousness contractors. She signed an AOB contract now knowing the full legality of the contract, that being giving away “ALL HER LEGAL RIGHTS”. After signing, a series of red flags including poor workmanship. And before any work was done to her home, she tried to cancel the contract without success. M & I General Contracting is now suing over 30 Insurance companies in just a few months. This is clearly one of those unscrupulousness companies that hurts ALL insurance policy holders and insurance companies. We are in the process of suing M & I General Contracting for breech of contract and insurance fraud. BEWARE!
There seems to be very few stories about how the unscrupulous carrier’s take advantage of the insured, short changing them, and leaving them with 1/2 the money it takes to repair their house.
I have seen this abuse 80% on the side of the carrier, there are bad contractors and bad ins. carriers. It’s the person that stands behind the written words that make the AOB bad or good or the Ins. Carrier and or their adjusters bad or good.
There are the unscrupulous home owner that will keep the money after the work has been done.
But ultimately the home owner will be the loser in the end…..
Yes there are legal ways to try and get you money from the homeowner. Try feeding you children with a judgment, those type of meals usually have appeals for desert.
Ultimately there will be no contractors to repair what the carrier is insuring, or we will go back to citizens insuring us all. There need to fair and equitable balance between carrier , contractor, and insured. Nothing should be one sided for anyone concerned.
Interesting, there seems to be no shortage of contractors in states that don’t have AOB. If the insurance company doesn’t pay enough, it should be their customer asking for more money, not their contractor.
I used to be an insurance adjuster for many carriers, including Florida’s Carrier of last resort. In many occasions, I was directed to pay less (reduce my estimate) than what I had estimated or had my estimate gutted by the approving authority or someone in the office. At first I thought I was the good guy. But in reality, I wasn’t. Once I closed a 12k fire for 5k with a release when working for an elephant.
Insurance companies do not like to pay claims, I know, because I was there. Some claims stunk of fraud, and I am down for bringing them down. But legit claims should be paid fast and fairly. The carrier should not decide the cost of the repair, the contractor should, it is he who takes the risk of repairs.
Nevertheless, I agree, the one-way fee statute needs to go away for everybody, including the insured. You should not be able to sue, unless you know for certain you are right, and have a good chance to win. At least if they loose they should pay their own attorney
Thank you Jeff
One other thing. Should the vendor lose to the insurer over the higher costs, the vendor can come after the homeowner for the extra money, and even place a lien on the home.
Jack, Florida has many messes to clean up. This is just one of them. They have many fraud cases we see every week on this forum.
Dear Jeff,
My daughter was taken in by M & I General Contracting in Port Orange, Fl one of these unscrupulousness contractors. She signed an AOB contract now knowing the full legality of the contract, that being giving away “ALL HER LEGAL RIGHTS”. After signing, a series of red flags including poor workmanship. And before any work was done to her home, she tried to cancel the contract without success. M & I General Contracting is now suing over 30 Insurance companies in just a few months. This is clearly one of those unscrupulousness companies that hurts ALL insurance policy holders and insurance companies. We are in the process of suing M & I General Contracting for breech of contract and insurance fraud. BEWARE!
There seems to be very few stories about how the unscrupulous carrier’s take advantage of the insured, short changing them, and leaving them with 1/2 the money it takes to repair their house.
I have seen this abuse 80% on the side of the carrier, there are bad contractors and bad ins. carriers. It’s the person that stands behind the written words that make the AOB bad or good or the Ins. Carrier and or their adjusters bad or good.
There are the unscrupulous home owner that will keep the money after the work has been done.
But ultimately the home owner will be the loser in the end…..
Yes there are legal ways to try and get you money from the homeowner. Try feeding you children with a judgment, those type of meals usually have appeals for desert.
Ultimately there will be no contractors to repair what the carrier is insuring, or we will go back to citizens insuring us all. There need to fair and equitable balance between carrier , contractor, and insured. Nothing should be one sided for anyone concerned.
John
A contractor can just as easily use a Direction to Pay instead of an Assignment of Benefits.
Interesting, there seems to be no shortage of contractors in states that don’t have AOB. If the insurance company doesn’t pay enough, it should be their customer asking for more money, not their contractor.
I used to be an insurance adjuster for many carriers, including Florida’s Carrier of last resort. In many occasions, I was directed to pay less (reduce my estimate) than what I had estimated or had my estimate gutted by the approving authority or someone in the office. At first I thought I was the good guy. But in reality, I wasn’t. Once I closed a 12k fire for 5k with a release when working for an elephant.
Insurance companies do not like to pay claims, I know, because I was there. Some claims stunk of fraud, and I am down for bringing them down. But legit claims should be paid fast and fairly. The carrier should not decide the cost of the repair, the contractor should, it is he who takes the risk of repairs.
Nevertheless, I agree, the one-way fee statute needs to go away for everybody, including the insured. You should not be able to sue, unless you know for certain you are right, and have a good chance to win. At least if they loose they should pay their own attorney
There are many finance company who are providing good deals.
Thanks for sharing. Public adjusters are one who works for the people.