Recently, the California Department of Insurance released a press release denouncing an insurance agent for selling fake insurance policies to homeowners, putting them at great risk. 1 This agent, who was arrested and will be prosecuted, violated his fiduciary responsibility by allegedly defrauding customers. for your personal benefit, according to insurance commissioner Dave Jones. It supposedly charged premiums to homeowners, but it never put them into policies with insurance companies.
Apparently, this went on for years. The agent was able to carry out this scam by issuing fraudulent insurance certificates, including counterfeit policy numbers, coverage period and policy limits. Unsuspecting homeowners thought that these certificates served as valid proof that they were insured. However, an insurance certificate is not sufficient proof that a policy is in effect.
Keep in mind that claims are paid by the insurance company and not by the agent. Pay your insurance premium by check. Make checks payable to the insurance company, not the agent or agency. Get copies of documents related to your insurance transaction.
If you believe you have been the victim of a dishonest insurance agent, call the Insurance Department at 800-927-4357.3 Established in 1985, Merlin Law Group is a leading insurance litigation law firm committed to helping policyholders get fair and fair results from their insurance companies. Property insurance law is a highly complex and specialized area of law, and our firm represents policyholders when claims are denied, delayed, or underpaid. Reason for contact Free Case ReviewRequest blog theme Other. ALE provides compensation for “additional expenses” for an insured person who must live elsewhere due to a covered loss for the insured residence.
Taking certain mitigation measures to protect your home from hurricane winds will not only keep your family safe, but it can also result in discounts at your insurance company. If an insured person has questions about the amount of coverage, they should talk to their agent to complete a new estimate of the cost of replacing their home. The state of Florida requires insurance companies to offer discounts to protect your home and mitigate damage caused by hurricane winds. If the fact is related to a liability issue, the insured must send all notices, demands, subpoenas, or other process documents related to the “event” to the insurer immediately after receiving them.
If you believe you have been the victim of a dishonest insurance agent, call the Insurance Department at 800-927-4357.Inflation Guard Many insurance companies include a provision known as inflation protection in homeowners insurance policies, so the values increase every year. Homeowners insurance protects your financial interests if your home is damaged or destroyed by a covered hazard. After the first 90 days of the contract, the insurer can only cancel due to misrepresentation, non-payment of the premium, non-compliance with underwriting requirements, substantial change in risk, or if all policies for a given category of insured are canceled. Established in 1985, Merlin Law Group is a leading insurance litigation law firm committed to helping policyholders get fair and fair results from their insurance companies.
The insurer considers whether the house is properly maintained, such as overgrown grass and weeds, trees with dead branches near the house, vehicles that don't work on the property, etc. The insurer can check the construction of the house and if there are potential hazards on the property, such as unacceptable animals, swimming pools, trampolines, unrepaired steps, steps without railings, etc. In general, you can make changes to your policy at any time, including changing providers, even if you have a security deposit on your home insurance. Hurricanes have caused tens of billions of dollars in insured damage, and predictions of more catastrophic hurricanes that will make landfall in Florida have led to increases in insurance premiums in an effort to cover potential future losses.
The receipt of the premium payment for the renewal policy by the insurer is considered the acceptance of the new terms of the policy by the named insured. . .