as an IH , we havent seen that many adjusters seeking our help, alot of them from our experience think they know mold, toss in some on the estimate for drying and powdering the walls and thats it.Or the better one, “yeah its dry to the touch” and you dont have a problem.
Until HR 1320 goes into law, with the exception of a few states mold will grow on ,
I do not have a condo in the area of the hurricane but I am responsible and have other condo problems dealing with plumbing. The condo commando’s do not call or try to let me know what is going on. Twice this sumer and fall I had to travel down to the condo and they dised me and waited for me to leave before getting into the condo. I still work and this is suppose to be where I retire. They have no respect for owners.
My post really was’nt that confusing. Why would any insurance company executive choose to allocate a significant amount of scarce resources to a state that overregulates, has tremendous cat exposure that requires significant operating expenses even in good years and consistently underpeforms the overall industry.
Do you wonder why companies write auto insurance in New Jersey, where losses are high and profits are low?, or lets try the ice storms up north or tornados in the plains states, lets not forget the flood issues around the entire country, wild fires in California, Texas has wind, fire, flood, and a lot of mexican drivers that don’t have insurance. I guess we should all just self insure so the companies dont have to deal with all the losses.
John
You or insurers can not deny a claim for reasons indicated. You may be able to deny any resultant damagess that happened as a consequence of reasonable people failing to act in a timely manner. But the original damage is a covered event
The ISO Homeowners form does not indicate what you are saying, I do not see anywhere in the form that gives any indication that you can wait 5 months (or more) and that any part of the claim will be guaranteed to be covered. The intent here is for the insured to be responsible and take appropriate measure to prevent additional loss. If the claims keep rolling in at the rate they still are, you WILL see companies start to deny losses, especially the little ones that had a small hole open up in the roof and because the claim was not reported, & the insureds did not cover the roof to stop the loss, it has now created a $50,000 mold remediation job. These will probably be denied, I see NO reason not to deny them. Alot of claims would have been below the deductible if fixed before water was allowed to continue to come in. A homeowners policy has provisions that the insured MUST respond to, policies do not cover the perils of lazy, or I am away for the summer, or I can’t get to Florida before January. I really would like to see what the courts will decide. Lets not forget the condition in the policy that states you must complete repairs within 180 days to recover the depreciation. we only have 22 days left for Charley victims to get repairs done, some have not even reported the claim, but the date of loss is easy to figure out. Your statement”But the original damage is a covered event” is true if reported in a timely manner. 6 months is laughable, and I’m starting to chuckle
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
as an IH , we havent seen that many adjusters seeking our help, alot of them from our experience think they know mold, toss in some on the estimate for drying and powdering the walls and thats it.Or the better one, “yeah its dry to the touch” and you dont have a problem.
Until HR 1320 goes into law, with the exception of a few states mold will grow on ,
Pretty soon Florida will be the largest producer of Penicillin!
I do not have a condo in the area of the hurricane but I am responsible and have other condo problems dealing with plumbing. The condo commando’s do not call or try to let me know what is going on. Twice this sumer and fall I had to travel down to the condo and they dised me and waited for me to leave before getting into the condo. I still work and this is suppose to be where I retire. They have no respect for owners.
My post really was’nt that confusing. Why would any insurance company executive choose to allocate a significant amount of scarce resources to a state that overregulates, has tremendous cat exposure that requires significant operating expenses even in good years and consistently underpeforms the overall industry.
Do you wonder why companies write auto insurance in New Jersey, where losses are high and profits are low?, or lets try the ice storms up north or tornados in the plains states, lets not forget the flood issues around the entire country, wild fires in California, Texas has wind, fire, flood, and a lot of mexican drivers that don’t have insurance. I guess we should all just self insure so the companies dont have to deal with all the losses.
John
You or insurers can not deny a claim for reasons indicated. You may be able to deny any resultant damagess that happened as a consequence of reasonable people failing to act in a timely manner. But the original damage is a covered event
The ISO Homeowners form does not indicate what you are saying, I do not see anywhere in the form that gives any indication that you can wait 5 months (or more) and that any part of the claim will be guaranteed to be covered. The intent here is for the insured to be responsible and take appropriate measure to prevent additional loss. If the claims keep rolling in at the rate they still are, you WILL see companies start to deny losses, especially the little ones that had a small hole open up in the roof and because the claim was not reported, & the insureds did not cover the roof to stop the loss, it has now created a $50,000 mold remediation job. These will probably be denied, I see NO reason not to deny them. Alot of claims would have been below the deductible if fixed before water was allowed to continue to come in. A homeowners policy has provisions that the insured MUST respond to, policies do not cover the perils of lazy, or I am away for the summer, or I can’t get to Florida before January. I really would like to see what the courts will decide. Lets not forget the condition in the policy that states you must complete repairs within 180 days to recover the depreciation. we only have 22 days left for Charley victims to get repairs done, some have not even reported the claim, but the date of loss is easy to figure out. Your statement”But the original damage is a covered event” is true if reported in a timely manner. 6 months is laughable, and I’m starting to chuckle