The most common non-catastrophe claim on homeowners policies in Florida are water damage claims. A burst pipe or overflowing toilet can cause a lot of damage and the sooner you can stop the flow the better. Your first thought is to call a water remediation company and get your home dry as soon as possible.
Unfortunately, some shady companies have taken advantage of your stressful situation. They will have you sign over your benefits to their company. At this point they are able to bill the insurance company as they please. This has led to fraud and the consumer have paid for it. “I want to be crystal clear on this issue: water losses are the major reason Citizens is seeking rate hikes for the coming year, "President and CEO of Citizens Barry Gilway stated before requesting for a 3% increase in rates from the state. Assignment of benefits claims have increased 90,000 percent since 2000.
What does this all mean for you? If you have a situation where a remediation company is needed ,make sure you reach out to your insurance company as soon as possible. If someone is trying to get you to sign something make sure you know exactly what you are signing. Some insurance companies are now putting limits on what they will pay out to remediation companies not on their approved vendor list. Its best if you reach out to either your agent or your insurance company as soon as you can. We are here to help you through this process.