Deceitful Contractors' Well-Rehearsed, Predatory Practices Exploit Hailstorm Victims
Hailstorms often leave behind untold numbers of people left with the daunting task of rebuilding their homes. Unfortunately, as repairs begin, deceitful contractors descend on the region looking to make a quick buck off victims. Homeowners, undergoing the stresses and strains common after these storms, often fall prey to these well-rehearsed, predatory schemes slowing the recovery process.
The National Insurance Crime Bureau is the nation’s leading not-for-profit organization dedicated to fighting insurance fraud, and we’ve been doing this for more than a century.
We are asking for your help in informing your audience about post-disaster contractor fraud. These 30 and 60-second PSAs, available for both television and radio, and in English and Spanish, are intended to raise awareness and inform hailstorm victims how to identify contractor fraud and best practices for selecting a contractor.
According to our analysis, fraud accounts for about 5-to-10 percent of all insurance claims filed. From 2000 through 2019, hail-related insured losses averaged between $8 billion to $14 billion annually. Insurers during this time, paid anywhere from $800 million to $1.4 billion because of fraud, a cost policyholders pay for through their annual insurance premiums.
We trust you will find these PSAs beneficial for your audience and air them as time permits.
For more information on contractor fraud, please contact Tully Lehman via phone (925-758-0744) or email (email@example.com).
Vice President, Public Affairs and Communications