Filing Number: 785042
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| Filing Accepted: 9/30/2024 |
| Last/Business Name
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VANTAGE POINTE POOL AND RACQUET CLUB CONDOMINIUM ASSOCIATION, INC.
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First Name |
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| Street Address
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1429 N. ATLANTIC AVENUE |
| City, State Zip
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DAYTONA BEACH,
FL
32118
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| Email Address
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VANTAGEPOINTE@BELLSOUTH.NET |
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Insured |
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| Last/Business Name* |
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VANTAGE POINTE POOL AND RACQUET CLUB CONDOMINIUM ASSOCIATION, INC. |
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First Name |
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| Policy # * |
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AMC-32808-06 |
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Claim #* |
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4200384 (SDA FILE NO.) |
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Attorney is Applicable
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| Last Name* |
MAMMEL
First Name *
CHRISTOPHER
Initial
N
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| Street Address* |
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ONE NORTH CLEMATIS STREET, SUITE 510 |
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WEST PALM BEACH
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FL
33401
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| Email Address * |
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SMARKER@MERLINLAWGROUP.COM |
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| Insurer Type
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Authorized Insurer
Unauthorized Insurer
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| Insurer Name |
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| Insurer Name* |
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AMERICAN COASTAL INSURANCE COMPANY
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| Insurer Name* |
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| Street Address* |
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| City, State Zip* |
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NAIC Company Code 12968 |
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| Name of individual responsible for violation (if any):*
OFFICERS, SUPERVISORS, AND OR MANAGEMENT OF AMERICAN COASTAL INSURANCE COMPANY; JOSEPH WHITTEN (ACCOUNT MANAGER, TPA SEDGWICK DELEGATED AUTHORITY); JEFF GOODE (FIELD ADJUSTER)
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| Type of Insurance
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Commercial Property & Casualty
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| Reason for Notice
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Claim Delay
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Claim Denial
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Unfair Trade Practice
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Statutory provision(s) which the insurer allegedly violated.
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| 624.155(1)(b)(1) |
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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.
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| 624.155(1)(b)(2) |
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Making claims payments to insureds or beneficiaries not accompanied by a statement setting forth the coverage under which payments are being made.
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| 624.155(1)(b)(3) |
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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.
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| 626.9541(1)(i)(2) |
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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.
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| 626.9541(1)(i)(3)(a) |
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Failing to adopt and implement standards for the proper investigation of claims.
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| 626.9541(1)(i)(3)(b) |
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Misrepresenting pertinent facts or insurance policy provisions relating to coverages at issue.
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| 626.9541(1)(i)(3)(c) |
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Failing to acknowledge and act promptly upon communications with respect to claims.
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| 626.9541(1)(i)(3)(d) |
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Denying claims without conducting reasonable investigations based upon available information.
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| 626.9541(1)(i)(3)(e) |
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Failing to affirm or deny full or partial coverage of claims, and, as to partial coverage, the dollar amount or extent of coverage, or failing to provide a written statement that the claim is being investigated, upon the written request of the insured within 30 days after proof-of-loss statements have been completed.
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| 626.9541(1)(i)(3)(f) |
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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.
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| 626.9541(1)(i)(3)(g) |
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Failing to promptly notify the insured of any additional information necessary for the processing of a claim.
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| 626.9541(1)(i)(3)(h) |
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Failing to clearly explain the nature of the requested information and the reasons why such information is necessary.
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Specific policy language that is relevant to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
Building coverage provisions; additional coverages; duties in event of loss policy provisions; all terms and conditions of Section I of the insurance policy; the insurance policy's definition section; the insurance policy's exclusion of coverage provisions; loss payment policy provision; loss settlement provision; the declarations page; we will adjust all losses with you.
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Facts and circumstances giving rise to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
In Florida, the work of adjusting insurance claims engages the public trust. American Coastal Insurance Company (“American Coastal”), has breached this duty by its handling of the Insured, Vantage Pointe Pool and Racquet Club Condominium Association, Inc.’s Claim of Loss (Claim Number FLCON20000105; D.O.L. 09/28/2022).
American Coastal has failed and/or refused to thoroughly, accurately, and completely investigate and evaluate the Insured’s insurance claim for damages.
Shortly after September 28, 2022, the Insured submitted timely a claim to American Coastal for damages sustained as a result of Hurricane Ian.
We have identified the following instances of bad faith conduct on the part of your company:
• Purposefully minimizing the value of the claim by using biased estimating software/pricing and low-balling the cost of repairs. Specifically, estimations and repair costs have been purposefully devalued to the benefit of the insurance company despite knowledge that these costs are unreasonably deficient. This conduct reflects the intent of American Coastal to unreasonably depress the true cost of repairs and minimize payment of benefits owed under the policy.
• Refusing to pay for necessary repairs and attempting to coerce the Insured into accepting a lower settlement amount by failing to properly consider all applicable statutes and building code requirements both at the state and local level.
• Implementing a claim handling process geared solely to minimizing acknowledgement of storm caused damages. Specifically, ignoring clear evidence of cause and origin of interior damage through storm-caused openings in the exterior of the insured building, clear evidence of storm-caused moisture intrusion into the roofing material, and evidence of wind-pressure caused damages to fenestrations and resulting water intrusion, evidence of siding displacement, uplift, and detachment from wind forces, among other storm-caused covered damages. This scheme is meant solely to benefit the carrier while hindering the insured from obtaining just compensation for the loss.
• Failure to adequately and timely prepare an estimate to include roof, fenestrations, interior and exterior damage caused by Hurricane Ian. More specifically, the American Coastal estimate dated on or about August 20, 2024 ($209,522.78 net ACV) omits substantial roof, fenestration, interior and exterior damage caused by windstorm during the policy period, although admittedly caused by the windstorm and admittedly covered, as compared to the estimate by Anderson Group International, general contractors, submitted in support of the Insured’s Sworn Statement in Proof of Loss estimating costs of repair as $4,648,310.24 (RCV) (incorporated herein by reference), prior to the deductible $787,364.85 and depreciation of $57,167.82. American Coastal has possession of these materials, which are incorporated herein by this reference.
• Failing to reasonably investigate and subsequently acknowledge and reimburse costs of repairs to interior elements caused by water that intruded through storm-caused openings in the building envelope.
• Failing to consent to appraisal of the amount of loss, in order to avoid the costs of litigation and utilize the alternative dispute resolution remedy created by American Coastal in its policy.
• Admitting damages to the roofs, exterior and interior of the buildings, but estimating and making some partial payment for only roof damages after a reasonable opportunity to investigate fully and determine the amount of loss to all covered components admittedly damaged. This conduct was willful, unreasonable and in reckless disregard of the Insured’s rights under the policy.
These actions on the part of your company are unacceptable and are in violation of the insurance policy, the duty of good faith and fair dealing that American Coastal owes to its policyholder, and fair claim handling practices reflected by statutes and industry standards accepted in Florida. Based on conduct to date, these practices occur with such frequency as to constitute a general claims handling process/business practice imbedded within the company’s management of Hurricane Ian claims.
To date, notwithstanding the Insured’s pleas otherwise, American Coastal has continued to refuse to acknowledge its obligation to tender all insurance benefit monies due and owing the Insured or assist the Insured in mitigation of the damages.
The insurer has failed and refused to acknowledge coverage and restore the Insureds to their pre-loss condition. American Coastal has sufficient information upon which to evaluate the Insured’s claim for damages, and certainly has been provided with an independent means by which to determine the amount of loss, but has failed to take reasonable steps to do so.
The Insured has otherwise fully complied with the insurer's requests for post-loss compliance. American Coastal has not properly paid all of the covered damages. These actions by American Coastal occur with such frequency to indicate a general business practice of the company.
The Insured has complied with the policy of insurance and Florida law, and American Coastal continues to wrongfully refuse to tender the insurance proceeds that are due and owing the Insured. The concept of insurance is the granting of timely and prompt indemnity or security against a contingent loss. Florida statute section 624.02 defines "insurance" as a contract whereby one undertakes to indemnify another or pay a specified amount or a determinable benefit upon determinable contingencies. Inherent is the fact that payment must be made timely and promptly so that the Insured may be put back into the position it was in prior to the loss as quickly as possible. American Coastal breached this duty.
The Insured was and still is forced to expend out of pocket monies to submit the insurance claim and encourage American Coastal to honor its obligations under the insurance policy to pay all the insurance proceeds due and owing it. American Coastal has clearly displayed bad faith in its handling, processing, and wrongful delay of this claim. The Insured merely requests that American Coastal "adjust the loss" with it in accordance with the policy of insurance for which American Coastal has accepted a premium, and in accordance with Florida law. American Coastal’s conduct has been reckless and unfair to its Insured and has caused and continues to cause additional damages.
We demand that American Coastal immediately take steps to rectify the situation and handle this claim in a fair and appropriate manner. This includes providing full and fair compensation for the damages incurred and for any additional costs and expenses incurred as a result of American Coastal' bad faith conduct, including but not limited to, fees and costs related to the retention of personnel/counsel required to challenge American Coastal’ improper handling of this claim. [As of this moment, the damages found and evaluated by the Insured(s) value at minimum $4,648,310.24 (RCV) (incorporated herein by reference), prior to the deductible $787,364.85 and depreciation of $57,167.82 and we request payment in that sum as a curative measure to the conduct described herein, with allowance of “paid when incurred” amounts consistent with the policy.]
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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.
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DFS-10-363
Rev. 10/14/2008
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