HOMEOWNERS- HOSTAGES IN A HOSTILE CLAIMS ENVIRONMENT
It's been over a decade since Florida experienced a hurricane landfall, an improbable record that won't likely last much longer, and may be snapped this season.
Since Category 3 Hurricane Wilma roared ashore in South Florida on Oct. 24, 2005, the Sunshine State has gone over 10 years without a single hurricane landfall.
How would you feel it you had you a sudden and accidental water damage event occur in your home and find that your insurance company wouldn't cover it. Unfortunately, this will be the case for many who have People's Trust Insurance Company. I couldn't even begin to tell you how many times I here from my clients that when they went to buy their policy that they never read or were even explained the different coverages in their policy. This is not just an agent issue but an issue with policyholder's only looking for the "cheapest" policy. They don't think about the most common type of insurance claims, water damage, but instead only catastrophic events like fires and hurricanes.
A jury awarded $766,258.06 to Florida policyholder Raymond N. Roddy who lost his home in a house fire. Mr. Roddy prevailed again this week when 4th District Court of Appeals found no error and ended People Trust Insurance Company's appeal. The Court found harmless error at the trial level and People’s Trust’s last ditch delay tactic has ended for one policyholder.
Like lemmings over a cliff, Florida's property insurers are trending towards a preference for the managed repair of covered property damage. Some of the major insurers in the Florida homeowners' market using managed repair include: Heritage Property & Casualty Insurance Company; People's Trust Insurance Company; and Florida Peninsula Insurance Company. Indeed, even Citizen's Property Insurance Corporation recently decided to make the jump.
A year after Gov. Rick Scott tried to force an insurance regulator on the public, he and the Florida Cabinet will conduct interviews today for the state's most powerful unelected position. They should choose the person who will make consumers, not industry, the priority.
Water damage may look like something simple, but can cause you a great amount of money to fix the real problem.
As if a Contract of adhesion wasn't bad enough.. You cannot make this stuff up. Anyone who reads this blog knows how frustrated I get with the insurance industry’s constant complaints that “[Fill in the Blank] is responsible for rising premiums.” The [Fill in the Blank] is always something different depending on what year it is—sinkholes, water claims, fraud, trial lawyers, hurricanes, reinsurance, political instability, public adjusters.
I attended a great seminar last week called, "Learn The Ropes While Skiing The Slopes" in Colorado where we analyzed roof insurance claims. The cool picture above was taken of some of the fantastic attorneys at the Merlin Law Group, PA's and of course myself.
One of the expert presenters was Steve Thomas of Roof Leak Detection.
Over the last few days, Central Florida has been pounded by torrential rain, tornadoes and high winds. These damaging windstorms and tornados were especially violent in Manatee, Sarasota, Lee, Hillsborough and Pinellas Counties. These thunder storms caused flooding in Shore Acres, wind damage in Siesta Key, and claimed the lives of two people in Duette. Now that the storms have past, we are left to deal with the damage done by this weather event.