Filing Number: 802281
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| Filing Accepted: 1/20/2025 |
| Last/Business Name
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PEGUERO
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First Name |
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CLARYBEL |
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| Street Address
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6438 WALTHO DRIVE, |
| City, State Zip
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JACKSONVILLE,
FL
32277
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| Email Address
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PEGUERO.CLARYBEL@GMAIL.COM |
| Complainant Type:
*
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Insured |
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| Last/Business Name* |
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PEGUERO |
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First Name |
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CLARYBEL |
| Policy # * |
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VAVE007058 |
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Claim #* |
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76934BFINS |
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Attorney is Applicable
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| Last Name* |
WOOD
First Name *
ANGELA
Initial
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| Street Address* |
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350 N. LAKE DESTINY ROAD |
| City, State Zip* |
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MAITLAND
,
FLORIDA
32751
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| Email Address * |
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AWOOD@ITSABOUTJUSTICE.LAW |
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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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UNDERWRITERS AT LLOYD'S, LONDON
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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 |
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| Name of individual responsible for violation (if any):*
MATTHEW YAWN
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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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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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| 624.401(4)(b)(3) |
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However, any person acting as an insurer without a valid certificate of authority who violates this section commits insurance fraud, punishable as provided in this paragraph. If the amount of any insurance premium collected with respect to any violation of this section 3 is $100,000 or more, the offender commits a felony of the first degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084, and the offender shall be sentenced to a minimum term of imprisonment of 2 years.
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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)(d) |
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Denying claims without conducting reasonable investigations based upon available information.
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| 626.9541(1)(i)(4) |
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Failing to pay undisputed amounts of partial or full benefits owed under first-party property insurance policies within 60 days after an insurer receives notice of a residential property insurance claim, determines the amounts of partial or full benefits, and agrees to coverage, unless payment of the undisputed benefits is prevented by factors beyond the control of the insurer as defined in s. 627.70131(5).
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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.
A certified copy of the policy is not in the possession of the Insureds, but has been requested from the insurance carrier. Based on information and belief, the following policy provisions are relevant to this civil remedy notice.
Section 1 – Coverage A – Perils Insured Against
Section 1- Conditions – Loss Settlement
Section 1 – Conditions - Loss Payment
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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.
On or about December 2, 2023, the Insured, Clarybel Peguero, suffered damage to her home located at 6438 Waltho Drive, Jacksonville, FL 32277 as a result of a storm event.
Prior to the loss, Certain Underwriters at Lloyd’s Lond (“Underwriters”), had issued a policy of insurance (Policy No.: VAVE007058) for the Insured’s property. Said policy was in full force and effect on date of loss and afforded coverage for damage caused by a wind event.
Underwriters was notified of the loss by the Insured and assigned claim number 76934BFINS. During the course of Underwriters’ investigation, the Insured made her property available for inspection, provided facts and information about the loss, and complied with Underwriters’ adjustment of the claim.
Despite fully cooperating with Underwriters’ investigation, Underwriters severely denied coverage for the Insured’s insurance claim even though there was clear evidence of significant storm damage to the Property. Underwriters came to its coverage determination by ignoring relevant facts and information provided by the Insured’s and her contractors that established the damages to the roof and exterior of the residence were unquestionably the result of a storm event and that her roof needed to be replaced.
Most concerning, Underwriters and its representatives either underplayed or misrepresented its own findings in order to avoid having to tender payment on a claim that it knows should be covered pursuant to the terms of the policy. Underwriters ignored relevant weather data, or didn’t disclose it, disregarded important evidence provided by the Insured, and overlooked basic facts and information that contradicted its findings that the damages were caused by factors other than a storm event or covered loss.
It is clear that Underwriters has not acted honestly or fairly towards it’s Insured. Underwriters and its representatives have failed to conduct a proper investigation of the loss, misrepresented the scope and cause of damages at the residence, and misapplied exclusions in the policy in order to undervalue the Insured’s claim. It has become a general business practice of Underwriters to not implement proper claims handling procedures, to hire consultants that routinely ignore or intentionally misidentify relevant evidence, and to not settle claims in good faith when under all circumstances it should have. As is the case here, it is a pattern and practice for Underwriters to undervalue and misapply exclusions without conducting reasonable investigations and instead base its coverage determinations on evidence it knows to be inaccurate or incomplete.
Worst of all, on January 2, 2025, Underwriters notified the Insured that the policy of insurance will be cancelled unless repairs are made. This is a violation of Florida law section 627.4133, Florida Statutes:
An authorized insurer may not cancel or nonrenew a personal residential or commercial residential property insurance policy covering a dwelling or residential property located in this state:
a. For a period of 90 days after the dwelling or residential property has been repaired, if such property has been damaged as a result of a hurricane or wind loss that is the subject of the declaration of emergency pursuant to s. 252.36 and the filing of an order by the Commissioner of Insurance Regulation.
b. Until the earlier of when the dwelling or residential property has been repaired or 1 year after the insurer issues the final claim payment, if such property was damaged by any covered peril and sub-subparagraph a. does not apply. (emphasis added)
It is clear that Underwriters is acting in bad faith and essentially putting Ms. Peguero between a rock and a hard place; unable to make repairs due to Underwriters’ denial of the claim and unable to obtain new coverage due to the damage caused by a storm event.
In order to cure this civil remedy notice, Underwriters must immediately acknowledge in writing that the damages claimed by the Insured was primarily caused by a covered loss and that replacement of the roof and any other damages caused by the storm event are covered by the policy of insurance. Underwriters must also send notification that Ms. Peguero’s Policy will not be canceled and provide documentation the policy is being renewed. The written acknowledgement should be provided to the Insured’s counsel in writing at Angela A. Wood, at 350 N. Lake Destiny Road, Suite 300, Maitland, FL 32751.
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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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