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12-19-2006, 01:02 PM
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Senior Member
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Join Date: Jun 2006
Location: Central Florida
743 posts, read 720,779 times
Reputation: 216
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Quote:
Originally Posted by macguy
They will have to come up with a new insurance structure that can handle a big hit. As it is now the insurance companies operate like a bunch or caravel rubs. Here is what I mean, they payout money like it is going out of style. The fraud is so huge and we all pay for it. I have a neighbor who had some roof damage from Wilma. I looked at it and it could have been easily repaired for maybe $1000 or as much as $2500. if you over paid.
The roof was not very old and the damage very little. They put a whole new roof and carport on the house for $25,000. They got ripped off by their own contractors or maybe the adjuster did something with the contractor, either way the insurance company shouldn't have paid anything. The damage was not even enough to exceed the deductible. Insurance companies just pi$$ away money and ask you to make up for it.
What did FEMA pay out in Miami the year before, like $5,000,000 and the storm didn't even go there, it was 30 or 40 miles north. These people are all idiots, no wonder there is so much fraud, they make it so easy.
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The fact that FEMA paid bogus claims lies in the hands of the FEMA workers that paid the money. It was rediculous! Those investigators need to be accountable for their actions.
My insurance company came out two weeks ago to inspect the outside of my home. This is the first time since I've lived in Florida that they did so. I was glad to see them checking up to see if things needed to be fixed or excluded from bogus claims.
My roof and screen enclosure are just 3 years old and my trees are very well groomed. However, many people that had enclosures replaced in 2004-2005 had enclosures that far exceeded their life expectancy but since the insurance companies did not exclude them, they had to pay.
I think the inspection was the result of much needed proactive behavior on their part so they don't get ripped off with all those bogus claims like they did the past few years too.
Contract rips offs are another post!
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12-19-2006, 01:41 PM
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Senior Member
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Join Date: Apr 2006
Location: central fl
430 posts, read 478,937 times
Reputation: 114
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Quote:
Originally Posted by Dee2e
The fact that FEMA paid bogus claims lies in the hands of the FEMA workers that paid the money. It was rediculous! Those investigators need to be accountable for their actions.
My insurance company came out two weeks ago to inspect the outside of my home. This is the first time since I've lived in Florida that they did so. I was glad to see them checking up to see if things needed to be fixed or excluded from bogus claims.
My roof and screen enclosure are just 3 years old and my trees are very well groomed. However, many people that had enclosures replaced in 2004-2005 had enclosures that far exceeded their life expectancy but since the insurance companies did not exclude them, they had to pay.
I think the inspection was the result of much needed proactive behavior on their part so they don't get ripped off with all those bogus claims like they did the past few years too.
Contract rips offs are another post!
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not too sure how much was rip off & how much was give away....what i mean is fema basically put a giant bucket of free money on the street corner and walked away. fema walked around after charlie and asked if anyone needed help. if someone said yes they were cut a check right than.
they ran out of money because of things like this. many got repair money and had nothing to repair. shameful
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12-19-2006, 01:48 PM
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Member
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Join Date: Nov 2006
68 posts, read 79,965 times
Reputation: 16
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Quote:
Originally Posted by CURT
not too sure how much was rip off & how much was give away....what i mean is fema basically put a giant bucket of free money on the street corner and walked away. fema walked around after charlie and asked if anyone needed help. if someone said yes they were cut a check right than.
they ran out of money because of things like this. many got repair money and had nothing to repair. shameful
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From NBC 2. “Thousands of homeowners are losing their property because they can’t afford the mortgage payment. The number of foreclosures is up by almost 1000 in Lee County and the year isn’t over yet. Realtors point out they saw it coming, the market has done a 180 over the past year.”
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12-19-2006, 02:04 PM
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Senior Member
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Join Date: Apr 2006
Location: central fl
430 posts, read 478,937 times
Reputation: 114
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Quote:
Originally Posted by Floridamex
From NBC 2. “Thousands of homeowners are losing their property because they can’t afford the mortgage payment. The number of foreclosures is up by almost 1000 in Lee County and the year isn’t over yet. Realtors point out they saw it coming, the market has done a 180 over the past year.”
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not sure what this has to do with fema and hurricane money. but while we are on this,,,,anyone who owned real estate in the 80's could have saw this coming. same thing....people bought what they couldnt afford and banks were happy to lend the money. many of these people draped their windows with sheets they were so strapped. banks wound up with most of those homes. those who bought at the peak at that time, if they were actually able to afford their purchase, stayed and watched the properties climb up again. thats real estate.
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12-19-2006, 05:11 PM
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Senior Member
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Join Date: Oct 2006
2,117 posts, read 1,942,289 times
Reputation: 452
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Quote:
Originally Posted by Floridamex
From NBC 2. “Thousands of homeowners are losing their property because they can’t afford the mortgage payment. The number of foreclosures is up by almost 1000 in Lee County and the year isn’t over yet. Realtors point out they saw it coming, the market has done a 180 over the past year.”
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“This year alone, almost 2200 homes were forced into foreclosure in Lee County. In 2005, just under 1,300 homes went into foreclosure.”
“Realtors say the housing market has changed. ‘Now it’s leveling off, and all of these people are stuck with these properties. They can’t afford the taxes, they can’t afford the insurance, they’re upside down,’
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