Filing Number: 784817
|
| Filing Accepted: 9/28/2024 |
| Last/Business Name
*
|
|
|
PROMENADES EAST CONDOMINIUM ASSOCIATION, INC.
|
|
First Name |
|
|
|
| Street Address
*
|
|
21405 OCEAN BOULEVARD |
| City, State Zip
*
|
|
PORT CHARTLOTTE,
FL
33952
|
| Email Address
*
|
|
PROMEAST@COMCAST.NET |
| Complainant Type:
*
|
|
Insured |
|
| Last/Business Name* |
|
PROMENADES EAST CONDOMINIUM ASSOCIATION, INC. |
|
First Name |
|
|
| Policy # * |
|
7098288732 |
|
Claim #* |
|
05000001349 |
|
Attorney is Applicable
|
| Last Name* |
CLAUSEN LOZIER
First Name *
GINA
Initial
|
| Street Address* |
|
6803 LAKE WORTH RD., SUITE 310 |
| City, State Zip* |
|
GREENACRES
,
FLORIDA
33467
|
| Email Address * |
|
GCLAUSEN@CCATTORNEYS.COM |
|
|
| Insurer Type
*
|
|
Authorized Insurer
Unauthorized Insurer
|
|
|
| Insurer Name |
|
|
| Insurer Name* |
|
FRONTLINE INSURANCE UNLIMITED COMPANY
|
| Insurer Name* |
|
|
| Street Address* |
|
|
| City, State Zip* |
|
,
|
|
NAIC Company Code 10074 |
|
|
| Name of individual responsible for violation (if any):*
UNKNOWN
|
| Type of Insurance
*
Commercial Property & Casualty
|
|
|
| Reason for Notice
*
|
|
Claim Denial
|
|
Claim Delay
|
|
Unsatisfactory Settlement Offer
|
|
Unfair Trade Practice
|
|
|
*
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)(3)(a) |
|
Failing to adopt and implement standards for the proper investigation of claims.
|
| 626.9541(1)(i)(3)(d) |
|
Denying claims without conducting reasonable investigations based upon available information.
|
|
*
Specific policy language that is relevant to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
Frontline Insurance Unlimited Company d/b/a Frontline Insurance (the “Insurance Company”) issued policy of insurance number 7098288732 (the “Policy”) to Promenades East Condominium Association, Inc. (“Insured”) to provide coverage for all risks, including hurricane, to the property located at 21405 Olean Boulevard, Port Charlotte, FL 33952. (the “Property”).
On or about September 28, 2022, the Property sustained damage as the result of Hurricane Ian. Although the Policy provides coverage for all of the losses, damages, and expenses the Insured suffered and incurred, the Insurance Company has failed to adequately compensate the Insured for the damage to the Property. The specific Policy language at issue includes, but may not be limited to, the following:
e. Increased Cost Of Construction
(7) With respect to this Additional Coverage:
(a) We will not pay for the Increased Cost of Construction:
(i) Until the property is actually repaired
or replaced, at the same or another premises; and
(ii) Unless the repairs or replacement are made as soon as reasonably possible after the loss or damage, not to exceed two years. We may extend this period in writing during the two years.
(b) If the building is repaired or replaced at the same premises, or if you elect to rebuild at another premises, the most we will pay for the Increased Cost of Construction, subject to the
provisions of e.(6) of this Additional Coverage, is the increased cost of construction at the same premises.
(c) If the ordinance or law requires relocation to another premises, the most we will pay for the Increased Cost of Construction, subject to the provisions of e.(6) of this Additional Coverage,
is the increased cost of construction at the new premise
|
| |
*
Facts and circumstances giving rise to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
The Insured timely reported its September 28, 2022, claim from Hurricane Ian to the Insurance Company. The Insurance Company acknowledged receipt of the claim and assigned claim number 05000001349. The Insurance Company acknowledged coverage for the loss but failed to fully and properly indemnify the Insured for its damages.
Given the Insurer’s delay, the Insured unnecessarily spent copious amounts to perform temporary repairs when the Insurance Company could have and should have promptly and properly adjusted to claim according to policy standards and provisions. Moreover, the Insurance Company’s actions have caused the Insured to not be properly indemnified and therefore made it impossible for the Insured to fully and adequately repair or replace the property within two years of the date of the loss to recover all available coverages under the Policy.
Accordingly, on June 13, 2024 the Insured requested an extension of the Policy’s two year requirement to make the repairs from the date of the loss in order to recover all available coverages. The Insurance Company refused to grant the Insured an extension of the Policy’s two-year requirement to make repairs therefore constructively denying the Insured of all coverages due, owing and available under the Policy.
The actions taken by the Insurance Company in the handling and adjustment of the Insured’s claim are willful, wanton, and in disregard for the rights of the Insured, and have occurred with such frequency as to indicate a general business practice in violation of the law. The Insurance Company’s actions amount to, but are not limited to violating the following provisions.
626.9541(1)(i)(3)(a)
Failing to adopt and implement standards for the proper investigation of claims.
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)(3)(d)
Denying claims without conducting reasonable investigations based upon available information.
To cure the defects outlined above, the Insurance Company must:
A. Grant a written extension of the Policy’s two-year requirement from the date of loss to repair or replace the property until September 28, 2026.
|
|
*
|
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
|