Filing Number: 788000
|
| Filing Accepted: 10/22/2024 |
| Last/Business Name
*
|
|
|
BAJALIA
|
|
First Name |
|
MICHAEL |
|
| Street Address
*
|
|
1246 PALISADES DRIVE |
| City, State Zip
*
|
|
JACKSONVILLE,
FL
32221
|
| Email Address
*
|
|
LL@WEKLAW.COM |
| Complainant Type:
*
|
|
Insured |
|
| Last/Business Name* |
|
BAJALIA |
|
First Name |
|
MICHAEL |
| Policy # * |
|
P000292656 |
|
Claim #* |
|
253595 |
|
Attorney is Applicable
|
| Last Name* |
LIEB
First Name *
LORA
Initial
|
| Street Address* |
|
800 E. BROWARD BLVD STE 510 |
| City, State Zip* |
|
FORT LAUDERDALE
,
FLORIDA
33301
|
| Email Address * |
|
LL@WEKLAW.COM |
|
|
| Insurer Type
*
|
|
Authorized Insurer
Unauthorized Insurer
|
|
|
| Insurer Name |
|
|
| Insurer Name* |
|
SECURITY FIRST INSURANCE COMPANY
|
| Insurer Name* |
|
|
| Street Address* |
|
|
| City, State Zip* |
|
,
|
|
NAIC Company Code 10117 |
|
|
| Name of individual responsible for violation (if any):*
OSCAR VAZQUEZ
|
| Type of Insurance
*
Residential Property & Casualty
|
|
|
| Reason for Notice
*
|
|
Claim Denial
|
|
|
*
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)(b) |
|
Misrepresenting pertinent facts or insurance policy provisions relating to coverages at issue.
|
| 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.
A full copy of the policy has not been provided to Plaintiff to date and is in the possession of Security First. Based upon the information in hand, relevant language is as follows:
Policy Type: Homeowners HO3
Policy Number:P000292656
Policy Effective Date: 06/27/2023 12:01 AM
Policy Expiration Date: 06/27/2024 12:01 AM
Coverage A (Dwelling) $361,000 $6,474.00
Coverage B (Other Structures) $7,220 Included
Roof Loss Settlement: Replacement Cost Included
|
| |
*
Facts and circumstances giving rise to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
Prior to January 9, 2024, Security First Insurance Company (hereinafter “Security First”) sold an insurance policy, identified by policy number P000292656, to Michael and Emily Bajalia for their home located at 1246 Palisades Dr., Jacksonville, FL 32221 (hereinafter “Home”). Security First sold Mr. and Mrs. Bajalia an H03 policy with broad coverages, including but not limited to coverage for wind damage. On or about January 9, 2024, while the subject policy was in full force and effect a wind/rain storm caused substantial damage to the Home, which resulted in claim no. 253595 (hereinafter “Loss”).
After receiving prompt notice of the loss, Security First assigned Elizabeth Evans Custom Homes to inspect the home and photograph the property. As a result of the adjuster’s review, Security First issued its claim decision for the loss claiming that the inspection found “old damage to the shingles from installation” despite issuing the policy less than seven months before the loss occurred. Additionally, Security First claimed that the damage observed was limited to the removal of a satellite dish with unrepaired fasteners despite the roof having lifted and damaged shingles on all slopes. Per the denial letter, it appears that Security First failed to ever consider the weather events around the time of the loss and focused solely on a farcical claim of damage existing from the installation of the roof despite never noticing this supposed damage prior to this loss.
At the same time, Mr. and Mrs. Bajalia, through his public adjuster, Fifth Element Adjusting, Inc. (Fifth Element) investigated and adjusted the loss, determining a value of the Loss under Coverages A & B at $44,243.92. Fifth Element presented its findings to Security First yet no payment has been forthcoming to date.
Security First adjustment of the loss was not a fair or honest adjustment of the loss. Security First’s adjustment of the loss was intended to provide the illusion of a fair adjustment, to avoid full payment to Mr. and Mrs. Bajalia. Security First knows or should know that its adjustment of the Loss is not a fair or honest assessment of the Loss, yet Security First has refused to attempt to settle the Loss with Mr. and Mrs. Bajalia or their representatives. Security First has made the practice of under valuing a claim in order to leverage more favorable claim settlements and to avoid having to fairly and honestly adjust and pay for losses.
Further, Security First does not have appropriate standards in place to be able to investigate claims such as the Loss at Mr. and Mrs. Bajalia’s Home. Security First ’s failure to have appropriate standards, led to the assignment of an inadequate adjusting team, which ultimately led to Security First ’s unfair and dishonest adjustment of the Loss.
In total, and as exhibited above, Security First has implemented a strategy and approach to the Loss that is unfair, and Security First is unfairly attempting to deny the Loss. In order to remedy the above referenced violations, Security First must promptly fairly and honestly assess or reassess the Loss so that it may engage in good faith settlement negotiations with Mr. and Mrs. Bajalia and their representatives.
|
|
*
|
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
|