Imagine is you could file a claim on your auto insurance when your car is 10 years old with 250K miles on it when you get a rock fling up against it and putting a small dent in the hood and having the insurance carrier pay you for a brand new car... This is exactly what is happening with property insurance....... It is a complete and total SCAM!
Personal experience with my insurance company tells me that they low ball the claim or deny it totally. After 2004 Charlie made a direct hit on my home, 2 trees smashed through the roof, the first State Farm adjuster said the damage was about 17K.......that seemed way too low so I asked for another adjuster to come out. Husband and wife team, Iowa farmers that went around the country to storm damage sites for State Farm, when they looked at the first adjuster amount and then saw my house, they apologized in kind and they new amount went up to 34K, the proper amount to repair my home. So, I am hearing about all this roof fraud and yeah, it happens, but when a claim is valid, the insurance companies need to pay up and this will reduce the added huge cost of litigation.......IMO.....These were both State Farm authorized adjusters , how could they be so far off????
Roofing scams are a problem . But the bigger issue for Insurance companies is the massive growth that's taken place along Florida's Coastlines . And instead of Homes being worth $150,000.00 , now their Value is 3 times that or more . All it will take is a Cat 4 or 5 Hurricane to hit a Coastal Area such as Tampa or Miami ? And you & your Insurance Company will be in some very deep doo doo .
the insurance companies take the premium every month, the same premium no matter if its a new roof or an old one, if anything they take more money when its an older roof but when the roof gets damaged they dont want to pay for it. They like to collect the premiumus all the same though.
Very hard to feel sorry for corrupt insurance companies that take our money for decades and as soon as you have a claim they don’t wanna pay or they pay and drop you like a bad habit and they try to black ball you from getting insurance from their competitors at a fair rate Their practices are the biggest scam and this is their karma
exactly. They take your premiums all the same no matter how old your roof is and when you file a claim they want to give you the deprciated value of your roof minus the deductible also of course. Insurance is the scammer.
Ironic that the insurance company don't get in trouble for not paying out on certain real problems that occurred due to storms and stuff like that they cut costs and try to lowball the homeowners specifically the lower income and yes still charged in the higher prices absolutely appalling. And then all the ones that are committing insurance fraud are reaping the rewards why the ones who pay and have no claims they get charged more money appalling Insurance scams running in circles this is disgusting from the insurance people who commit crimes to the people who commit insurance fraud. Makes people not want to have insurance probably better just to save your money and insure yourself
Excellent reporting! Why can't more news organizations be this objective and provide both sides of an issue. This was far more informative than the West Palm News report on the same topic. They covered the complaints of the residents and never bothered to interview anyone from the insurance agency. Great job, ABC Action News! Good to see some professional investigative journalists still exist.
Most aren't objective because they're just reading a script that was handed to them. Basically they're corporate activists not journalists. Local news still has a bit of journalism happening though
Insurance in general is the legal way in the US to rip people off. I know someone who owns an insurance company. It cost him $72 per month to insure my home and both my autos. He then showed me an average cost from the competition of what they would charge me per month and then it gives him what he should charge me which the cheapest is $3900 annually. So doing the math it actually cost $864 annually for the policy but insurance companies are allowed to inflate resulting in a $3,036 annual profit. I have no claims, tickets or accidents. Now consider this insurance guy has 5300 customers at this 1 single insurance company, has super nice cars and multiple homes not to mention the guy is always traveling. If he has 5300 customers like me then his annual profits are over $16 million at this 1 single office and this guy has 8 offices. I have to play it off with the guy cause he is a nice guy and sort of like family to us but holy crap this is insanity for companies to profit like that.
In Texas a 1500 sq. ft. home's insurance runs over $ 1,650. per year; roof was replaced 16 years ago and they want to stop full coverage. Shingles came with a 30 year warranty and we had the roof inspected regularly and no problems found.
@@viadharmawheel Well you have to shop for better insurance coverage. Insurers make lots of money. I'm shopping right now as was offered "discount" which turns out to be "twelve hundred dollars more a year". Just sent them an Email.
I saw some mold near the roof on one of the houses you showed. That will destroy your house's siding and will spread. Forget the roof; deal with your mold before it deals with you.
Insurance companies are going broke because contractors are knocking on doors of houses with old Shingles trying to get insurance co to pay - solution - change coverage so whole house excluding shingles are covered - otherwise no insurance or premiums thru the roof
This is a disappointingly skewed explanation of the causes of homeowner insurance rate increases. There are other factors that weren't even mentioned, like increased cost of materials, increased frequency and intensity of disasters, and the increasing cost of re-insurance (the insurance that insurance companies need to make sure they have sufficient funding to cover losses). Re-insurance that carriers pay accounts for about 50% of the cost of homeowner's insurance in Florida. It creates a false narrative to leave out these important details.
People are so gullible. Here you have an attorney stating he makes "no more than the roof", that is double the cost, but everyone believes carriers are the problem. This is abuse of the legal system not the cost of a roof that is a problem. Judges are saying it, not just carriers. Attorneys make a point of adding delays to beef up their fees. He is ignoring the fact that the current situation is unique to FL. Florida has less than 10% of total claims yet has 78% of all property suits filed nationwide, to give it perspective. Thirty years ago attorneys would not take property claims because there was no money in it, now look. Cap attorney fees for insurance proceeds, ACV coverage is NOT the answer.
Roofers are pushy, full of crap, and crooked... that's not exclusive to Florida. Florida's republican government has added to the burden though. We get hail and that's like ringing the dinner bell for contractors. One roofer wanted me to sign something and it said that even if I changed my mind and didn't go with him, I still had to pay him and he said he was good at getting extra money from the insurance. Why would I want him to get EXTRA money? I decided to lie to him and tell him I had to talk it over with my (nonexistent) boyfriend .. you know big man makes the decisions and woman just goes along with it... I figured he'd accept that and he did. i quit answering the door or the phone.
Citizens shouldn't have any premium for $786 a year. That homes should be insured with a different provider. Stupid woman was cheap from the beginning. You live in Florida. A hurricane can happen at anytime. You're angry because you have to pay $1500 to protect your home from a hurricane? Leave Florida you poor.
Overinflated housing prices make the insuring of these homes more risky. Risk means larger potential loses. Insurance companies are just reacting to the market. Blame the housing boom and realtor greed.
The Ins company's are sending out the roofing letters as I type. I have 3 neighbors that are getting new roofs or they will be dropped. And soon your new roof will be pro-rated, like a car battery...
So instead of going after the contractors committing fraud to recoup their costs, insurance companies play the game and just roll over the costs to the consumer. Seems like whoever owns or has majority interest in these insurance companies also have a vested interest in the roofing industries.
Whine, whine, whine. You guys use most of the benefits by submitting the most claims, and the rest of the nation also picks up that tab. Just pay your fair share and just shut up already. Maybe we should take Florida out if the insurance pool and let them realize how much the rest of the nation also supports them?
Glad we don't live there anymore. We moved out of Florida in 2006, while the getting was good. It'll end up another Cali if it goes blue. We had this happen to us once. Only it was someone that came and cut a tree down in our backyard. My husband called them to see what they would charge, but never hired them. He was at work, and they showed up at my door saying they were there to cut down our tree. I didn't know my husband never hired them. So I showed them the tree and they took it down. I wrote them out a check and the guy wanted me to make it out to him personally, and I did. He knew axactly what he was doing. When my husband came home he was mad. He said he never hired them and the guy wanted the check made out to him personally so he could run to the bank and cash it. If I had made it out to the business he would have had to deposit it and wait 3 days to draw from it. Then my husband could have put a stop payment on the check. I personally didnt have a good filling about the 3 men and they were very unprofessional. You have to be careful in Florida.
not sure what your story has to do with this. you must couldnt wait to tell that story. but what does your story of a guy who you paid to cut down a tree has to do with roofing and insurance company and lawyers taking advantage of the system? face it, you werent rob. you paid him to do something while assuming that your husband hired him. I doubt if your husband had hired someone to cut down the tree, he wouldnt have told you so you have to eat this one for either being stupid or being dumb. I doubt the guy knew your husband name or told you that your husband had hired him! so, I will go by you are dumb!
@@subicstationditosailor4053 You must be really young or not too observant of how economic cycles actually work. Maybe a class in Economics at your local Community College would help you understand better. It's far too complicated to ever explain in the comments section. But, anyway what you're saying isn't really how things work.
Don't worry Florida, when Hurricane Brandon rips though, Congress will pass 50 trillion dollar stimulus to buy you all tents to live in & a $15 baby food voucher !!!
Imagine is you could file a claim on your auto insurance when your car is 10 years old with 250K miles on it when you get a rock fling up against it and putting a small dent in the hood and having the insurance carrier pay you for a brand new car... This is exactly what is happening with property insurance....... It is a complete and total SCAM!
Home Owners Insurance restrictions Now,900,000% Fort Smith Ark Now 900,000% Bing.
Personal experience with my insurance company tells me that they low ball the claim or deny it totally. After 2004 Charlie made a direct hit on my home, 2 trees smashed through the roof, the first State Farm adjuster said the damage was about 17K.......that seemed way too low so I asked for another adjuster to come out. Husband and wife team, Iowa farmers that went around the country to storm damage sites for State Farm, when they looked at the first adjuster amount and then saw my house, they apologized in kind and they new amount went up to 34K, the proper amount to repair my home. So, I am hearing about all this roof fraud and yeah, it happens, but when a claim is valid, the insurance companies need to pay up and this will reduce the added huge cost of litigation.......IMO.....These were both State Farm authorized adjusters , how could they be so far off????
Roofing scams are a problem . But the bigger issue for Insurance companies is the massive growth that's taken place along Florida's Coastlines . And instead of Homes being worth $150,000.00 , now their Value is 3 times that or more . All it will take is a Cat 4 or 5 Hurricane to hit a Coastal Area such as Tampa or Miami ? And you & your Insurance Company will be in some very deep doo doo .
Yep, your right..
That's their fault lol f insurance companies
It's deep doo doo time...
Which is why larger national insurance companies left the state.
Well if the roofers are acting criminally then GO AFTER Those companies. Don't FLEECE homeowners who have enough to worry about!
It's insurance. It's always been insurance
the insurance companies take the premium every month, the same premium no matter if its a new roof or an old one, if anything they take more money when its an older roof but when the roof gets damaged they dont want to pay for it. They like to collect the premiumus all the same though.
Very hard to feel sorry for corrupt insurance companies that take our money for decades and as soon as you have a claim they don’t wanna pay or they pay and drop you like a bad habit and they try to black ball you from getting insurance from their competitors at a fair rate Their practices are the biggest scam and this is their karma
They make any excuse to not pay..
exactly. They take your premiums all the same no matter how old your roof is and when you file a claim they want to give you the deprciated value of your roof minus the deductible also of course. Insurance is the scammer.
It's not karma when they pass the costs on to consumers.
Any new bills before March, 2023? Are they already done legislating for the year? What a joke.
Ironic that the insurance company don't get in trouble for not paying out on certain real problems that occurred due to storms and stuff like that they cut costs and try to lowball the homeowners specifically the lower income and yes still charged in the higher prices absolutely appalling. And then all the ones that are committing insurance fraud are reaping the rewards why the ones who pay and have no claims they get charged more money appalling Insurance scams running in circles this is disgusting from the insurance people who commit crimes to the people who commit insurance fraud. Makes people not want to have insurance probably better just to save your money and insure yourself
Same thing is happening in Texas and everyone is quiet
Laugh is south Louisiana... I pay over 2800/yr.
Contractors, and public adjusters will ruin homeowners
Excellent reporting! Why can't more news organizations be this objective and provide both sides of an issue. This was far more informative than the West Palm News report on the same topic. They covered the complaints of the residents and never bothered to interview anyone from the insurance agency. Great job, ABC Action News! Good to see some professional investigative journalists still exist.
Most aren't objective because they're just reading a script that was handed to them. Basically they're corporate activists not journalists. Local news still has a bit of journalism happening though
1900 be happy for that I have seen them at 10k without wind included
Slib lom rytt cuiit tooo fram
Insurance in general is the legal way in the US to rip people off. I know someone who owns an insurance company. It cost him $72 per month to insure my home and both my autos. He then showed me an average cost from the competition of what they would charge me per month and then it gives him what he should charge me which the cheapest is $3900 annually. So doing the math it actually cost $864 annually for the policy but insurance companies are allowed to inflate resulting in a $3,036 annual profit. I have no claims, tickets or accidents. Now consider this insurance guy has 5300 customers at this 1 single insurance company, has super nice cars and multiple homes not to mention the guy is always traveling. If he has 5300 customers like me then his annual profits are over $16 million at this 1 single office and this guy has 8 offices. I have to play it off with the guy cause he is a nice guy and sort of like family to us but holy crap this is insanity for companies to profit like that.
he owns a company or an agency? big difference. he sells policies or he actually pays claims? cant you go to the insurance company directly?
In Texas a 1500 sq. ft. home's insurance runs over $ 1,650. per year; roof was replaced 16 years ago and they want to stop full coverage. Shingles came with a 30 year warranty and we had the roof inspected regularly and no problems found.
In Texas that roof may only last 20-22 years...
@@viadharmawheel Depends on how often you are subjected to hail/tornado or other vile activity. I lived here for 42 years and never a problem!
Yes I live 30 miles north of Houston.
@@bobboscarato1313 True, but if the insurers have problems in the SE and SW parts of the state it affects all in the state.
@@viadharmawheel Well you have to shop for better insurance coverage. Insurers make lots of money. I'm shopping right now as was offered "discount" which turns out to be "twelve hundred dollars more a year". Just sent them an Email.
I saw some mold near the roof on one of the houses you showed. That will destroy your house's siding and will spread. Forget the roof; deal with your mold before it deals with you.
My neighbors and I have been pressured by our INSURANCE COMPANY NOT ROOFERS
Insurance companies are going broke because contractors are knocking on doors of houses with old Shingles trying to get insurance co to pay - solution - change coverage so whole house excluding shingles are covered - otherwise no insurance or premiums thru the roof
I was told many years ago they don't lose money on claims. It's the stock market
This is a disappointingly skewed explanation of the causes of homeowner insurance rate increases. There are other factors that weren't even mentioned, like increased cost of materials, increased frequency and intensity of disasters, and the increasing cost of re-insurance (the insurance that insurance companies need to make sure they have sufficient funding to cover losses). Re-insurance that carriers pay accounts for about 50% of the cost of homeowner's insurance in Florida. It creates a false narrative to leave out these important details.
Fraud. O k
Greed, too. Speak to the greed of the insurance companies.
I’d let him climb on roof then take the latter away. Problem solved without breaking any laws.
People are so gullible. Here you have an attorney stating he makes "no more than the roof", that is double the cost, but everyone believes carriers are the problem. This is abuse of the legal system not the cost of a roof that is a problem. Judges are saying it, not just carriers. Attorneys make a point of adding delays to beef up their fees. He is ignoring the fact that the current situation is unique to FL. Florida has less than 10% of total claims yet has 78% of all property suits filed nationwide, to give it perspective. Thirty years ago attorneys would not take property claims because there was no money in it, now look. Cap attorney fees for insurance proceeds, ACV coverage is NOT the answer.
How about if people stop suing insurance companies? The people only have themselves, and their own greed, to blame.
ACV is the answer for roofs 10 years and older.
Roofers are pushy, full of crap, and crooked... that's not exclusive to Florida. Florida's republican government has added to the burden though. We get hail and that's like ringing the dinner bell for contractors. One roofer wanted me to sign something and it said that even if I changed my mind and didn't go with him, I still had to pay him and he said he was good at getting extra money from the insurance. Why would I want him to get EXTRA money? I decided to lie to him and tell him I had to talk it over with my (nonexistent) boyfriend .. you know big man makes the decisions and woman just goes along with it... I figured he'd accept that and he did. i quit answering the door or the phone.
Citizens shouldn't have any premium for $786 a year. That homes should be insured with a different provider. Stupid woman was cheap from the beginning. You live in Florida. A hurricane can happen at anytime. You're angry because you have to pay $1500 to protect your home from a hurricane? Leave Florida you poor.
Overinflated housing prices make the insuring of these homes more risky. Risk means larger potential loses. Insurance companies are just reacting to the market. Blame the housing boom and realtor greed.
Exactly!
It's not realtor greed it might be the homeowner grade but a realtor is somebody who simply Brokers the deal
Homeowner greed
$1900? Come up to MA and see what costs are.
The Ins company's are sending out the roofing letters as I type. I have 3 neighbors that are getting new roofs or they will be dropped.
And soon your new roof will be pro-rated, like a car battery...
oh will the premiums be prorated too? no? why not?
So.. where is the logic in insurance companies requiring new roofs because roofers have bilked them out of money??
So instead of going after the contractors committing fraud to recoup their costs, insurance companies play the game and just roll over the costs to the consumer. Seems like whoever owns or has majority interest in these insurance companies also have a vested interest in the roofing industries.
Does light house do car insurance
uh-huh, what about hurricanes or extreme storms?
Had a neighbor that had storm damage in south Fla. She paid her deductible part. Her insurance pd nothing, they went bankruptcy
The real question is "Do I really need home owners Insurance?". "Should I really keep feeding the ripoff artists insurance companies".
Unfortunately it's mandatory by law in many places
If you have a mortgage you do. Bank requires it.
Mortgage is the biggest scam of all lol good thing I ain't broke and can pay cash for everything
Where is it mandatory if you don’t have a mortgage?
Well, when you have a crooked government, what do you expect.
Whine, whine, whine. You guys use most of the benefits by submitting the most claims, and the rest of the nation also picks up that tab. Just pay your fair share and just shut up already. Maybe we should take Florida out if the insurance pool and let them realize how much the rest of the nation also supports them?
Thanks for your concern 🙄👍🙄
@@naudianeels1328 Severe corruption going on in Florida. DeSantis needs to do something, it will not go away!
Florida is beautiful but aren't there lots of mosquitoes?
When we lived there on the gulf coast, they had planes fly over the houses spraying for mosquitoes. But they still have them.
@@sharoncrawford7192 I wonder if they get some strange cancer rates where they spray? Like near golf courses where they spray pesticides all the time.
The Gulf side is a swamp, Ocean side
you get the breeze...
Little to nothing about Florida is beautiful in many ways
Your homeowners insurance pays for a free roof.... The legislation is ridiculous about getting a new roof or facing jail..
what about jail?
WHO IN THE FK CARRY'$ A $2,500.00 DEDUCTIBLE IN FKN 2022??? RAI$E THE DAMN DEDUCTIBLE TO 5K OR $10K, UNLESS YOU'RE BROKE AZZ‼😆🤣😂
Glad we don't live there anymore. We moved out of Florida in 2006, while the getting was good. It'll end up another Cali if it goes blue. We had this happen to us once. Only it was someone that came and cut a tree down in our backyard. My husband called them to see what they would charge, but never hired them. He was at work, and they showed up at my door saying they were there to cut down our tree. I didn't know my husband never hired them. So I showed them the tree and they took it down. I wrote them out a check and the guy wanted me to make it out to him personally, and I did. He knew axactly what he was doing. When my husband came home he was mad. He said he never hired them and the guy wanted the check made out to him personally so he could run to the bank and cash it. If I had made it out to the business he would have had to deposit it and wait 3 days to draw from it. Then my husband could have put a stop payment on the check. I personally didnt have a good filling about the 3 men and they were very unprofessional. You have to be careful in Florida.
You have to be careful EVERYWHERE not just Florida
not sure what your story has to do with this. you must couldnt wait to tell that story. but what does your story of a guy who you paid to cut down a tree has to do with roofing and insurance company and lawyers taking advantage of the system? face it, you werent rob. you paid him to do something while assuming that your husband hired him. I doubt if your husband had hired someone to cut down the tree, he wouldnt have told you so you have to eat this one for either being stupid or being dumb. I doubt the guy knew your husband name or told you that your husband had hired him! so, I will go by you are dumb!
Can't wait to get married again............!
You're worried about the democrats because the republicans have done such a good job?
@@steven4315Your a Criminal Democrat. Go picket the Judges house after you abort your child.
Dont worry. DeathSantis is busy making sure nobody says gay.
Price of Guvna Desantis.
Who was in charge when your rates went up? Joe
Swing and a miss! Nice try though.
@@toocutepuppies6535 who was in charge in 2019 and now? Inflation has caused the price hikes of everthing.
@@subicstationditosailor4053 You must be really young or not too observant of how economic cycles actually work. Maybe a class in Economics at your local Community College would help you understand better. It's far too complicated to ever explain in the comments section. But, anyway what you're saying isn't really how things work.
Trump
@@toocutepuppies6535 I think it was a homerun!
Don't worry Florida, when Hurricane Brandon rips though, Congress will pass 50 trillion dollar stimulus to buy you all tents to live in & a $15 baby food voucher !!!
So your government missed the ball