Filing Number: 686492
|
| Filing Accepted: 4/4/2023 |
| Last/Business Name
*
|
|
|
| Street Address
*
|
|
4029 SW 10TH AVE |
| City, State Zip
*
|
|
CAPE CORAL,
FL
33914
|
| Email Address
*
|
|
VICKINELSON@ELCORREALTY.COM |
| Complainant Type:
*
|
|
Insured |
|
| Last/Business Name* |
|
NELSON |
|
First Name |
|
VICKI |
| Policy # * |
|
SJ31162765 |
|
Claim #* |
|
SL22211150 |
|
Attorney is Applicable
|
| Last Name* |
KRAPF
First Name *
GRANT
Initial
W
|
| Street Address* |
|
2790 SUNSET POINT RD |
| City, State Zip* |
|
CLEARWATER
,
FL
33759
|
| Email Address * |
|
GRANT@KRAPFLEGAL.COM |
|
|
| Insurer Type
*
|
|
Authorized Insurer
Unauthorized Insurer
|
|
|
| Insurer Name |
|
|
| Insurer Name* |
|
SLIDE INSURANCE COMPANY
|
| Insurer Name* |
|
|
| Street Address* |
|
|
| City, State Zip* |
|
,
|
|
NAIC Company Code 17227 |
|
|
| Name of individual responsible for violation (if any):*
DELMONTE MEGGS, AND ANY INDIVIDUAL FROM, OR AGENT OF, SLIDE INSURANCE COMPANY, WHO WAS INVOLVED IN THE CLAIM AND UNKNOWN TO THE CLAIMANT.
|
| Type of Insurance
*
Residential Property & Casualty
|
|
|
| Reason for Notice
*
|
|
Claim Delay
|
|
Unfair Trade Practice
|
|
Other
:
Not treating the policyholder with good faith claims conduct
|
|
Other
:
Placing the company’s financial interests before the policyholder’s interests
|
|
Other
:
Looking for ways to deny full recovery to the Claimant
|
|
Other
:
Not training, supervising, or managing adjusters properly so that prompt and full payments are made
|
|
Other
:
Misrepresenting the terms of the insurance policy
|
|
|
*
Statutory provision(s) which the insurer allegedly violated.
|
|
|
| 624.155(1)(b)(1) |
|
Not attempting in good faith to settle claims when, under all the circumstances, it could and should have done so, had it acted fairly and honestly toward its insured and with due regard for her or his interests.
|
| 624.155(1)(b)(3) |
|
Except as to liability coverages, failing to promptly settle claims, when the obligation to settle a claim has become reasonably clear, under one portion of the insurance policy coverage in order to influence settlements under other portions of the insurance policy coverage.
|
| 626.9541(1)(i)(2) |
|
A material misrepresentation made to an insured or any other person having an interest in the proceeds payable under such contract or policy, for the purpose and with the intent of effecting settlement of such claims, loss, or damage under such contract or policy on less favorable terms than those provided in, and contemplated by, such contract or policy.
|
| 626.9541(1)(i)(3)(a) |
|
Failing to adopt and implement standards for the proper investigation of claims.
|
| 626.9541(1)(i)(3)(b) |
|
Misrepresenting pertinent facts or insurance policy provisions relating to coverages at issue.
|
| 626.9541(1)(i)(3)(f) |
|
Failing to promptly provide a reasonable explanation in writing to the insured of the basis in the insurance policy, in relation to the facts or applicable law, for denial of a claim or for the offer of a compromise settlement.
|
|
*
Specific policy language that is relevant to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
Reference to specific policy language: The violations alleged are statutorily based and do not rely on any specific policy language.
|
| |
*
Facts and circumstances giving rise to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
Slide Insurance Company (“Insurer”) has committed the following violations in handling the claim of its insured, Vicki Nelson (“Insured” or “Claimant”): 1) failure to act in due diligence and good faith to resolve claims; 2) placing the financial interest of Insurer before that of the policy holders and claimants; 3) looking for ways to deny benefit payments and otherwise “low ball” or “stone wall” claims; 4) not attempting in good faith to settle claims; 5) looking for ways to delay benefit payments; 6) misrepresenting policy provisions to Claimant; and 7) conducting inadequate investigations.
The Claimant timely submitted a claim to the Insurer for Hurricane Ian damage sustained to the insured property, which occurred on or about September 28, 2022. The Insurer responded with a coverage determination letter dated October 28, 2022, issuing payment in the net amount of $6,231.62. Of note, the only policy language this payment letter cites is the Loss Settlement provision. The payment letter does not cite any policy language in support of the carrier’s decision to afford only partial coverage for the roof rather than provide for a complete roof replacement. Clearly, the Insurer failed to provide a reasonable explanation in writing to the Claimant of the basis in the insurance policy for the offer of this compromised and insufficient settlement. Given the clear scope and nature of the damage, the Claimant retained JKS Construction and Engineering, which produced a report detailing the damage to the property in the amount of $284,365.49 due to the Claimant under the contract of insurance.
The Insurer’s estimate of the insured property’s loss resembles that of a classic “low-ball” offer and would not restore the property to its pre-loss condition which is Insurer’s duty under the contract of insurance issued by it. Insurer and its adjuster have colluded to misrepresent the true scope of damages to the insured property and the true replacement costs of the damages. This is an underhanded attempt to place the financial interest of the Insurer over those of the Claimant, to delay the Claimant’s claim, and to delay the Claimant in restoring the property to its pre-loss condition. In addition to the Insurer’s failure to estimate for a complete roof replacement despite the widespread damage, the estimate also fails to account for a roofing labor minimum. This is an underhanded attempt to place the financial interest of the Insurer over those of the Claimant, to delay the Claimant’s claim, and to delay the Claimant in restoring the property to its pre-loss condition.
The initial investigation by the Insurer was inadequate. As a result of the inadequate investigation and surrounding circumstances, it is apparent that the Insurer significantly underestimated the scope of the loss to the Claimant’s property. The Insurer’s estimate of the insured property’s loss simply would not restore the property to its pre-loss condition, which is the Insurer’s duty under its own contract of insurance. The Insurer and its adjuster have colluded to misrepresent the true scope of damages to the insured property and the true replacement cost of the damages. This is an underhanded attempt to place the financial interest of the Insurer over those of the Claimant, to delay the Claimant’s claim, and to delay the Claimant’s ability to restore the property to its pre-loss condition.
In short, the Insurer is not acting with due regard for the Claimant’s interests. In Florida, the work of adjusting insurance claims engages the public trust. The Insurer has breached this duty. The Insurer has taken advantage of the knowledge imbalance between it and the Claimant to misrepresent policy provisions in an attempt to retain funds it knows should go to the Claimant to restore the property to its pre-loss condition.
The Insurer’s actions amount to but are not limited to the following:
1. Claim delay;
2. Not treating the policyholder with good faith claims conduct;
3. Looking for ways to reduce recovery to the Claimant;
4. Looking for ways to deny recovery to the Claimant;
5. Failing to implement proper standards for the adjustment and investigation of claims; and
6. Misrepresenting the Claimant’s rights pursuant to the Insurance Policy issued by the Insurer.
Therefore, to cure the defects outlined in this Civil Remedy Notice, the Insurer must:
1. Create and implement adequate guidelines for proper investigation and evaluation as to claims handling and for the training and supervision of employees, which will avoid future statutory violations as set forth above, and to avoid this from occurring in the future.
2. Act fairly and honestly towards the Claimant with due regard for their best interests in attempting to settle the claim.
3. Admit full coverage for the Claimant’s loss.
4. Tender full benefits owed to the Claimant under the insurance contract, in the amount of $284,365.49 less the prior payment and applicable deductible.
A copy of this form submitted to the FDFS has been sent via e-mail to the following parties providing them notice of the filing of the civil remedy notice. Please e-mail any response to this civil remedy notice to badfaith@krapflegal.com.
Via Electronic Mail:
Slide Insurance Company
P.O. Box 1779
Columbia, SC 29202-1779
slideclaims@seibels.com
|
|
*
|
The submitter hereby states that this notice is given in order to perfect the rights of the
person(s) damaged to pursue civil remedies authorized by Section 624.155, Florida Statutes.
Before submitting a Notice using this system, please verify that all text has been entered
correctly and completely. Once the Notice has been submitted, the text cannot be changed
or deleted.
|
DFS-10-363
Rev. 10/14/2008
|