LETTER: Nightmare began when we lost our insurance
Englewood Sun (FL)
Editor:
Last February life returned to normal. Then our home insurance company went bankrupt the result of a few shady roofers, lawyers, justices and corrupt or inept politicians. These crooks filled the court docket with civil lawsuits forcing the insurance industry to avoid expensive litigation and settle. Home insurance is for catastrophic damage not low cost roof repair.
Our only option was Citizens insurance. Citizens required a new roof. We had expected our roof to last three to five more years. We requested quotes from six roofers ranging from $19K to $25K. The sixth roofer gave us a quick inspection and immediately asked to study our worthless insurance policy. He explained he was an insurance expert and if we had time to wait he estimated his company would cost half the price quoted.
He planned to work with his legal team and take the bankrupt insurer or maybe Citizens to court. All we had to do was sign a contract provide a $2,500 deposit. He estimated six months of legal wrangling. We had 60 days to secure a new policy. Initially we signed but felt complicit to an illegal action. The next day we canceled the contract and contacted Citizens our only option.
Late September Ian blew by and our new roof installed by an honest roofer held. Because we were forced to Citizens our destroyed pool cage was not covered. Estimated rebuild cost $20K. There was no other damage to our property. Our deductible is $8K so no money for minor repairs.
Is AARP putting profit over its members?
Foley Hoag Files Amicus Brief In Case Related To Insurance Coverage For Harvard Race-Conscious Admissions Lawsuit
Advisor News
- Wealth planning vs. estate planning: Honoring your client’s wishes
- What to discuss during the first retirement planning meeting
- Inflation, competing priorities and uncertainty erode retirement security
- As health premiums rise, 1 in 8 workers cut retirement savings
- CT governor’s candidates claims: What’s true, and what’s misleading
More Advisor NewsAnnuity News
- National Life Group expands annuity portfolio
- AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
- USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
- How flexible annuities fit today’s retirement portfolios
- Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
More Annuity NewsHealth/Employee Benefits News
- Fed judge blocks Medicaid work requirement rule
- Health insurers leave millions unpaid for mental health crisis care in California
- Commissioner places Mending Health in conservatorship
- PA-08 DEBATE: ROB BRESNAHAN VOTED TO STRIP MORE THAN 21,600 CONSTITUENTS OF THEIR HEALTH INSURANCE WHILE ENRICHING HIMSELF
- Missouri approves 2027 ACA health insurance rate hikes, most in double digits
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Insignia Life S.A. de C.V.
- FINANCIAL FRAUD
- Security Benefit Announces Planned Dividend Rate Reset for Series B Preferred Stock
- Palmetto Heritage and Atlantic Coast Life Announce Discussions Regarding Potential Acquisition
- Jury finds insurance company acted in bad faith, awards Nebraska woman $11.3M
More Life Insurance News