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Insurance Consumer Advocate

Sha'Ron James

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Mailing: 200 East Gaines St.
Tallahassee, FL 32399-0308

For Consumer Assistance:
Contact the Division of
Consumer Services within the
Department of Financial Services

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(850) 413-3089
(850) 413-3033

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Takeaways from Tallahassee - Seems like only Peter was on vacation


Date: September 16, 2016
Source: Florida Politics
Author:  Peter Schorsch


Are insurers rewriting homeowners’ policies to crack down on water damage scams?

A provision in Heritage Property & Casualty Insurance Co.’s latest rate request to the Florida Office of Insurance Regulation would suggest so.

Heritage wants a $10,000 coverage limit for non-roof water losses — burst pipes, overflowing dishwashers, things like that. Property owners would receive a 25 percent credit on their non-hurricane premiums.

Insurers and other business interests blame escalating premiums on fraud related to just that sort of water damage.

Compounding the problem, they say, are assignment of benefits agreements through which policyholders transfer their claims to contractors or lawyers in exchange for quick repairs. Insurers lose oversight over the process and expensive litigation can result.