Filing Number: 812777
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| Filing Accepted: 3/24/2025 |
| Last/Business Name
*
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CARDENAS
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First Name |
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MILCIADES |
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| Street Address
*
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662 FLORIDA PKWY |
| City, State Zip
*
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KISSIMMEE,
FL
34743
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| Email Address
*
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LUZ@THEPROPERTYADVOCATES.COM |
| Complainant Type:
*
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Insured |
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| Last/Business Name* |
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CARDENAS |
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First Name |
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MILCIADES |
| Policy # * |
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P000200827 |
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Claim #* |
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139492 |
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Attorney is Applicable
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| Last Name* |
BORGES
First Name *
LUZ
Initial
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| Street Address* |
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2525 PONCE DE LEON BLVD, SUITE 600 |
| City, State Zip* |
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CORAL GABLES
,
FL
33134
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| Email Address * |
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LUZ@THEPROPERTYADVOCATES.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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SECURITY FIRST 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 10117 |
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| Name of individual responsible for violation (if any):*
N/A
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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 Denial
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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)(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)(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)(i) |
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Failing to pay personal injury protection insurance claims within the time periods required by s. 627.736(4)(b).
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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.
Policy provision which requires carrier to pay full amount of damages for covered losses, specifically direct loss resulting in physical damage to covered property as a result of wind.
SPECIFIC POLICY LANGUAGE THAT IS RELEVANT TO THE VIOLATIONS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: COVERAGE A PROVISION, COVERAGE D PROVISION, ALL ADDITIONAL COVERAGE PROVISIONS, ALL COVERAGE PROVIDED BY ENDORSEMENT OR RIDER, THE DECLARATIONS PAGE, LOSS PAYMENT OR SETTLEMENT PROVISIONS, PROVISIONS PERTAINING TO THE DUTIES IN THE EVENT OF A LOSS, ALL TERMS AND CONDITIONS PERTAINING TO SECTION I OF THE INSURANCE POLICY, THE INSURANCE POLICY’S DEFINITIONS SECTION, THE INSURANCE POLICY’S EXCLUSION OF COVERAGE PROVISIONS, ALL INSURANCE POLICY PROVISIONS THAT PROVIDE COVERAGE TO THE INSURED PROPERTY; AND ALL OTHER RELEVANT POLICY PROVISIONS
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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 09/10/2017, the insured suffered property damage due to a hurricane, Hurricane Irma, that resulted in damage to the property. The insured timely reported the damages to the carrier and allowed the carrier to inspect the property. The carrier covered the loss and issued insufficient payment to the insured. The insured incurred repair efforts and requested for the carrier to reopen his claim. As a result, permitted the carrier to inspect a second time, and submitted a sworn proof of loss and repair estimate with the full amount of damages, which the carrier has refused to pay. As a result, the insured has exercised its right by pursuing a lawsuit, incurring litigation costs, submitting himself to a deposition, and retaining experts, including an engineer who re-inspected and created a written opinion, and an unbiased licensed general contractor who created a revised estimate of damages, both of which have been submitted to the carrier through their counsel, to no avail.
Accordingly, the insured is seeking to be made whole, and in order to avoid a finding of bad faith, the carrier must tender the full amount of the insured's estimate, $53,526.65, minus any prior payments and deductible, within 60 days.
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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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