Yeah, nobody thinks of the insurance industry as the \”good guys\” but this is great news. Imagine the precedent this would have set if the judge had thrown out previously approved, clear language excluding flood!
Whether you live in Mississippi, Louisiana or any other state, this was a win! Now comes the E&O suit against the agent for not selling them flood coverage.
I am glad to see the judicial system properly interpret a contract based on the facts before them and not the emotions of this tragedy.
As for Roger Poe, no matter what he does for a living, I\’m sure it involves the blending of facts, imagination and emotion to extract the most money from the deepest pockets. Maybe Insurance Journal can do a story on him so we can dedicate a discussion soley to his honor.
Don\’t pick on Roger. Some day when he\’s through stocking groceries his boss will tell him to go out sweep the parking lot. His natural response will be \”but that isn\’t in my job description\”.
Then he\’ll remember and understand what a discription of work is all about.
What I want to know is did they pay for the part the wind did damage? I\’m still in the LA & MS area working claims & the companies I\’m working for are doing their best to pay for anything damaged by wind before the flood water hit.
You should send your comment to Scruggy. He seems to think insurance companies are habitually changing engineering reports to avoid paying for wind damage. Your comment completely flies in his face. Wouldn\’t mind being a fly for that one!
According to the South Florida Sun-Sentinel, Roger is n the business: \”Some adjusters may be missing damage, said Roger Poe, an insurance reconstruction specialist for Lake Contracting, a Central Florida company doing work on a number of storm-damaged homes.
He said homeowners should ask what kind of pricing sheet adjusters are using, and about their estimating background.\”
\”I see a lot of damage being overlooked by thousands and thousands and thousands of dollars, consistently,\” Poe said.\”
I was close, a contractor who was shot down trying to upgrade an insureds home for more than what they had. Hey Rodger, answer this, why do you change all your cost when a storm hits? I am an adjuster, been there done that, people get greedy. SO DO THE CONTRACTORS
It\’s interesting to note that the replacement cost value / replacement cost value underpayment estimation schemes are not mentioned by ex-contractor, or certain claim \”adjusting\” types, here.
Is it me, or did no one mention, what-so-ever, about deceptive business trade practices by certain insurers that can steal money from their client?
Now why could that be?
Could be that not giving real, or full, names, indicates public domain facts, (facts that certain ones are guilty of helping to exist), makes them want to hide behind insulting and mocking conduct.
Most vermin scurry away when the spotlight comes on, unless ill.
As long as illicit / fake / synthetic construction replacment cost estimations keep fooling the general public, and all that that means, in the premium calculation-to-claim loss ratio / contingent profit loop, via certain insurers and claim \”adjusting\” types, others will keep exposing it.
Confess, or continue to make a great living…that must be a real issue for some…
Insurers don\’t want money taken from them that they don\’t owe…but are all just as dedicated to repay what they do owe?
Yes, I work for an insurance company as a claims adjuster. The comments I present here are my own and not those of the company I work for. Not giving my full name ensures that no connection is made between my views and the company.
Now for a few definitions:
\”Replacement cost value underpayment estimation schemes\” – paying local market prices for repairs, including catastrophe induced market condition increases, as opposed to the artifitialy inflated prices charged by most storm chasing contractors.
\”Vermin\” – (1) an excluded cause of loss; (2) contractor
\”Premium calculation-to-claim loss ratio / contingent profit loop\” – More contractor mumbo jumbo.
\”Roger Poe\” – Contractor extrordinair; Internet forum lizard; blessed with the gift of gab;
I have a question on flood insurance.
A man called me today about flood insurance. The new flood map (in a city in north Texas) shows his house is in a 100 year flood zone. He\’s lived in this house for 45 years. The reason for the flood dynamic is new construction upstream and down stream of his house. Rates of drainage have changed.
I quoted flood full replacement cost and contents coverage for his home. He understands the reasons for the changes.
Coverage he wants is actual cash value on the house to meet his finance (re-finance) requirement and no contents coverage. How do I get him to do the coverage he really needs?
SHOULD I :
1. Beat him into submission with a stick?
2. Tell his loan company to call in the loan?
3. Call a federal marshall?
4. Have him sign an acknowledgement that his choice of coverage won\’t buy him a new front door?
5. Tell him he\’s foolish and not let him buy coverage from me?
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Yeah, nobody thinks of the insurance industry as the \”good guys\” but this is great news. Imagine the precedent this would have set if the judge had thrown out previously approved, clear language excluding flood!
Whether you live in Mississippi, Louisiana or any other state, this was a win! Now comes the E&O suit against the agent for not selling them flood coverage.
I am glad to see the judicial system properly interpret a contract based on the facts before them and not the emotions of this tragedy.
As for Roger Poe, no matter what he does for a living, I\’m sure it involves the blending of facts, imagination and emotion to extract the most money from the deepest pockets. Maybe Insurance Journal can do a story on him so we can dedicate a discussion soley to his honor.
As for me, I\’m through with him…
Don\’t pick on Roger. Some day when he\’s through stocking groceries his boss will tell him to go out sweep the parking lot. His natural response will be \”but that isn\’t in my job description\”.
Then he\’ll remember and understand what a discription of work is all about.
What I want to know is did they pay for the part the wind did damage? I\’m still in the LA & MS area working claims & the companies I\’m working for are doing their best to pay for anything damaged by wind before the flood water hit.
You should send your comment to Scruggy. He seems to think insurance companies are habitually changing engineering reports to avoid paying for wind damage. Your comment completely flies in his face. Wouldn\’t mind being a fly for that one!
According to the South Florida Sun-Sentinel, Roger is n the business: \”Some adjusters may be missing damage, said Roger Poe, an insurance reconstruction specialist for Lake Contracting, a Central Florida company doing work on a number of storm-damaged homes.
He said homeowners should ask what kind of pricing sheet adjusters are using, and about their estimating background.\”
\”I see a lot of damage being overlooked by thousands and thousands and thousands of dollars, consistently,\” Poe said.\”
I was close, a contractor who was shot down trying to upgrade an insureds home for more than what they had. Hey Rodger, answer this, why do you change all your cost when a storm hits? I am an adjuster, been there done that, people get greedy. SO DO THE CONTRACTORS
4-15-2006
It\’s interesting to note that the replacement cost value / replacement cost value underpayment estimation schemes are not mentioned by ex-contractor, or certain claim \”adjusting\” types, here.
Is it me, or did no one mention, what-so-ever, about deceptive business trade practices by certain insurers that can steal money from their client?
Now why could that be?
Could be that not giving real, or full, names, indicates public domain facts, (facts that certain ones are guilty of helping to exist), makes them want to hide behind insulting and mocking conduct.
Most vermin scurry away when the spotlight comes on, unless ill.
As long as illicit / fake / synthetic construction replacment cost estimations keep fooling the general public, and all that that means, in the premium calculation-to-claim loss ratio / contingent profit loop, via certain insurers and claim \”adjusting\” types, others will keep exposing it.
Confess, or continue to make a great living…that must be a real issue for some…
Insurers don\’t want money taken from them that they don\’t owe…but are all just as dedicated to repay what they do owe?
Hardly…
rogerpoegc@yahoo.com
Yes, I work for an insurance company as a claims adjuster. The comments I present here are my own and not those of the company I work for. Not giving my full name ensures that no connection is made between my views and the company.
Now for a few definitions:
\”Replacement cost value underpayment estimation schemes\” – paying local market prices for repairs, including catastrophe induced market condition increases, as opposed to the artifitialy inflated prices charged by most storm chasing contractors.
\”Vermin\” – (1) an excluded cause of loss; (2) contractor
\”Premium calculation-to-claim loss ratio / contingent profit loop\” – More contractor mumbo jumbo.
\”Roger Poe\” – Contractor extrordinair; Internet forum lizard; blessed with the gift of gab;
I have a question on flood insurance.
A man called me today about flood insurance. The new flood map (in a city in north Texas) shows his house is in a 100 year flood zone. He\’s lived in this house for 45 years. The reason for the flood dynamic is new construction upstream and down stream of his house. Rates of drainage have changed.
I quoted flood full replacement cost and contents coverage for his home. He understands the reasons for the changes.
Coverage he wants is actual cash value on the house to meet his finance (re-finance) requirement and no contents coverage. How do I get him to do the coverage he really needs?
SHOULD I :
1. Beat him into submission with a stick?
2. Tell his loan company to call in the loan?
3. Call a federal marshall?
4. Have him sign an acknowledgement that his choice of coverage won\’t buy him a new front door?
5. Tell him he\’s foolish and not let him buy coverage from me?