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Protect yourself from predatory contracts after a disaster

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Protect yourself from predatory contracts after a disaster

WINK NEWS

A week after a state regulator came knocking on his door, Craig Stafford found himself at the Department of Financial Services booth in Port Charlotte’s Insurance Village, worried he’d been taken advantage of.

“It was a few days after the storm. I thought they were knocking on the door to let me know the power was being restored and they came to me. They canvassed the entire area with different agents,” Stafford said.

Stafford said they said if he signed their contract, they would act as an intermediary between him and his insurance. Stafford signed the contract.

Upon closer inspection, the contract states that Stafford will owe the adjuster 10% of what he receives from the insurance company.

“It seems to me that they were deceiving themselves. Then I realized it and said I need to talk to someone.”

Stafford is now hoping the Department of Financial Services will help him void that contract.

“I felt like I was being hunted,” Stafford said.

Before you sign anything, read the entire document to make sure what you’re being told is what you’re agreeing to.

It is also recommended that you do some research on the company to make sure it is genuine and see if anyone has had a negative experience or review of the company.