This is Sandy_Claims's Typepad Profile.
Join Typepad and start following Sandy_Claims's activity
Join Now!
Already a member? Sign In
Sandy_Claims
Recent Activity
Typo - It was "post-underwriting discovered" upon his making a State Farm Insurance wind / hail claim in Mesquite Texas 2011. Sound reasoning helped SF to reinstate the RCV coverage.
1 reply
Post-claim underwriting tricks for loss claim reduction and/or denial of payment seems to be alive and well in Texas, also. We are Insurance General Contractors. We repair/restore insured properties. We see lots o' things from the trenches... 2011 - 2012 Examples from insured loss clients - 1. 81 year old finds his RCV policy of 24 years was (unknowingly) changed to an ACV policy when his policy was exchanged between captive agents a year before. It was "post-underwriting discovered" upon his making a Farmers Insurance wind / hail claim in Mesquite Texas 2011. Sound reasoning helped SF to reinstate the RCV coverage. 2. Family man transfers by telephone existing State Farm coverage of 14 years (that includes critical foundation coverage) to new policy on a new residence. Makes a claim 4 years later, only to find out foundation coverage was dropped, without formal notice. State Farm post-loss claim / post-underwriting logic claims that he should have known by declaration page what coverage was missing. He claimed he trusted 14 years of established coverage was transferred to the new policy. Legal counsel was retained Oct. 2012. Loss claim was made in 2011. 3. Claim is made by client for hail / wind / rain damage to warehouse in Seagoville Texas. Insurer estimates that property coverage is undervalued. Post-underwriting pro-rated claim value is approximately 50% of actual loss value. Loss claim was made in 2011. For years he thought he was adequately covered. He tired and did not challenge the agent for coverage error, or the carrier for explanation. Roger Poe G.C. (214) 900-3722 SmartClaimClub.com Twitter - https://twitter.com/Sandy_Claims Recommended for NFIP claimants Review - www.FEMAINFO.us
1 reply
Sandy_Claims is now following The Typepad Team
Nov 11, 2012