Filing Number: 795650
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| Filing Accepted: 12/6/2024 |
| Last/Business Name
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KARKLINS
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First Name |
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MICHAEL |
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| Street Address
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21766 LITTLE BEAR CT |
| City, State Zip
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BOCA RATON,
FL
33428
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| Email Address
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MARK75@ATT.NET |
| Complainant Type:
*
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Insured |
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| Last/Business Name* |
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KARKLINS |
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First Name |
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MICHAEL |
| Policy # * |
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1501-1803-4991 |
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Claim #* |
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FL24-0104987 |
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Attorney is Applicable
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| Last Name* |
FANTETTI
First Name *
KELLY
Initial
A
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| Street Address* |
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109 S. EDISON AVENUE |
| City, State Zip* |
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TAMPA
,
FLORIDA
33606
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| Email Address * |
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KFANTETTI@STOCKHAMLAWGROUP.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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UNIVERSAL PROPERTY & CASUALTY 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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,
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NAIC Company Code 10861 |
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| Name of individual responsible for violation (if any):*
DIANNE WILMOT
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| Type of Insurance
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Residential Property & Casualty
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| Reason for Notice
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Unsatisfactory Settlement Offer
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Claim Delay
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Unfair Trade Practice
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Other
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Insufficient Investigation
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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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| 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)(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)(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)(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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Specific policy language that is relevant to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
Loss Payment Provision
We will adjust all losses with you. We will pay you unless some other person is named in the policy or is legally entitled to receive payment.
Loss Settlement Provision
d. We will initially pay at least the actual cash value of the insured loss, less any applicable deductible.
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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. Universal Property & Casualty Insurance Company (“UNIVERSAL”) has breached the public’s trust by its adjustment of Michael Karklins’ (“INSURED”) claim of loss. Universal Property & Casualty Insurance Company’s address is 1110 W. Commercial Blvd., Fort Lauderdale, Florida 33309.
UNIVERSAL has failed to create and implement adequate guidelines for the proper investigation and evaluation of claims, claims handling, and for training and supervision of employees resulting in statutory violations as set forth above. UNIVERSAL has failed and/or refused to thoroughly, accurately, and completely investigate and evaluate the INSURED’S insurance claim for damages.
UNIVERSAL has failed to promptly settle the INSURED’S insurance claim when the obligation to settle the insurance claim had become reasonably clear. To date, notwithstanding the INSURED’S pleas otherwise, UNIVERSAL has continued to refuse to acknowledge its obligation to conduct a proper investigation, and to tender the full amount of insurance monies due and owing its INSURED under the policy.
This claim involves the INSURED’S property located at 21766 Little Bear Ct., Boca Raton, Florida 33428, which sustained damage from a water loss on February 20, 2024, primarily affecting the kitchen flooring and cabinets.
UNIVERSAL conducted a cursory investigation and accepted coverage for the loss, but woefully underpaid the claim. While UNIVERSAL included the wood flooring damage in its estimate, the amount estimated for these repairs was well below market prices. More importantly, UNIVERSAL wholly failed to include the damaged kitchen cabinets or to address the mold damages.
The INSURED, through his public adjuster, has submitted a mold report, a mold estimate, and a competing rebuild estimate, by UNIVERSAL has ignored these submissions and has failed to respond to inquiries from the public adjuster about further adjusting the claim. It has not been more than 60 days since the INSURED submitted a signed proof of loss, and UNIVERSAL has failed to respond to the POL, conduct any further investigation or to make any attempt to settle the claim.
The concept of insurance is that UNIVERSAL will investigate and grant timely and prompt indemnity or security against a contingent loss. Florida Statute §624.02 defines “insurance” as a contract whereby one undertakes to indemnify another or pay or allow a specified amount or a determinable benefit upon determinable contingencies. Inherent in that definition is the fact that payment must be made timely and promptly so that the INSURED may mitigate his damages and be put back into the position he was in prior to the loss as quickly as possible. UNIVERSAL has breached this duty.
The INSURED was, and still is, forced to expend out of pocket monies to submit his insurance claim, e.g., retaining an attorney and other experts to force UNIVERSAL to honor its obligations under the insurance policy and to pay all the insurance proceeds due and owing to him.
UNIVERSAL has refused and/or failed to tender all the insurance proceeds due and owing to the INSURED. UNIVERSAL’s refusal and/or failure to settle the insurance claim when under all circumstances it could have and should have done so had it acted fairly and honestly towards the INSURED is wrongful conduct. Furthermore, the INSURED contends that UNIVERSAL’s adjusters and/or representatives financially benefit from such wrongful conduct.
To cure the defects outlined above, the UNIVERSAL must (1) promptly tender all insurance proceeds due and owing to the Insureds that would reasonably place the Insureds back into the pre-loss condition, including the tender of accrued interest due and owing to the Insureds; (2) promptly and timely communicate with the Insureds’ representative(s) to complete the adjustment of the Insureds’ loss by participating in good faith negotiations to reach an agreement relating to the parties’ dispute over coverage, scope and amount.
This notice is given in order to perfect the right to pursue the civil remedy authorized by Fla. Stat. §624.155.
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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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