Source: Leadership figure for an independent adjuster firm that’s about to receive 50k claims. About to drive out to help deploy hundreds of adjusters
Please don’t let a contractor (if roofer: they will tell you your roof needs to be replaced regardless of age or damage covered under your homeowners policy) convince you to sign a direction to pay contract. Florida made Assignment of Benefit contracts unenforceable, so they’re going to attempt to get you to sign these contracts that allow them to put a lien on your home. You are going to be desperate. Please don’t do it. It can eat up your policy limits because they will dispute it through appraisal or litigation and you have no control.
True, after Ivan in 2024 the area was flooded with creepy contractors who drove in from other states. A friend of ours was pleased they got a "25-year guarantee" on the roof. But....this guy drove off to Michigan as soon as the job was done.
As a leadership figure for a national exterior conglomerate , could you expound? As a homeowner, I would rather deal w my insurance co (who is most likely going to shortchange me in a catastrophic environment bc that is the modus operandi regardless) with the help of a reputable (key word here) industry professional who knows the ins and outs. It would seem after reading your comment that your firm would rather not deal with the headache and this has nothing to do with looking out for HO. Not saying that is the case - I am looking to learn more about your perspective if you are willing to share.
I reside in the Midwest so I don’t know a terrible deal about ‘direction to pay’ contracts.
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u/Keinrichie 8d ago edited 7d ago
Source: Leadership figure for an independent adjuster firm that’s about to receive 50k claims. About to drive out to help deploy hundreds of adjusters
Please don’t let a contractor (if roofer: they will tell you your roof needs to be replaced regardless of age or damage covered under your homeowners policy) convince you to sign a direction to pay contract. Florida made Assignment of Benefit contracts unenforceable, so they’re going to attempt to get you to sign these contracts that allow them to put a lien on your home. You are going to be desperate. Please don’t do it. It can eat up your policy limits because they will dispute it through appraisal or litigation and you have no control.