LETTER: Nightmare began when we lost our insurance
Charlotte Sun (Port Charlotte, 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.
Foley Hoag Files Amicus Brief In Case Related To Insurance Coverage For Harvard Race-Conscious Admissions Lawsuit
MURDAUGH RECEIVES LIFE TERM IN KILLINGS EX-LAWYER CONVICTED IN DEATHS OF WIFE, SON ADMITTED LIES, THREATS
Advisor News
- Trump bets his tax cuts will please Las Vegas voters on his swing West
- Lifetime income is the missing link to global retirement security
- Don’t let caregiving derail your clients’ retirement
- The ‘magic number’ for retirement hits $1.45M
- OBBBA can give small-business clients opportunities for saving
More Advisor NewsAnnuity News
- Human connection still key in the new annuity era
- Lifetime income is the missing link to global retirement security
- ‘All-weather’ annuity portfolios aim to sharply limit rainy days
- Annuity income: The new 401(k) standard?
- Smart annuity planning can benefit long-term tax planning
More Annuity NewsHealth/Employee Benefits News
- Elevance shares slip after insurer discloses Medicare warning
- County leaders look at ways to cut costs
- TENNESSEE SENATE PASSES BIOMARKER TESTING COVERAGE BILL, SENDING TO GOVERNOR'S DESK
- Federal judge sides with Oregon Right to Life in abortion insurance coverage case
- HSAs: Saving for health care or investing for retirement?
More Health/Employee Benefits NewsLife Insurance News
- AI and life insurance: Fast today, unpredictable tomorrow
- Judge allows PHL policyholders to intervene, denies ‘premium holiday’
- eHealth expands into final expense insurance
- CID hosts info session for PHL Variable policyholders
- ‘Seismic changes’ cloud global economy, analyst says
More Life Insurance News