Nicole Friedman
speaker
798 appearances
16 recordings
1 series
first heard Aug 2017
last heard Dec 2024
Nicole Friedman’s voice in public audio — every appearance, attributed to the second.
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Appearances
Sure.
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And this is something that is pretty common in health insurance, but is less common in property insurance.
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But basically, it means that the homeowner can sign their insurance benefits over to the contractor.
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So instead of a homeowner filing an insurance claim, getting money from the insurance company, and then using that money
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to go out and find a contractor and hire them.
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Instead, the contractor just handles everything, files the claim directly and gets paid directly by the insurance company without the homeowner having to kind of mediate between the two.
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Exactly.
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And they're hiring the contractor before contacting the insurance company often.
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Right.
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So the contractor will be hired and the homeowner will sign over the benefits.
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And then the contractor will then file the claim with the insurance company often after they've performed the repair work.
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And they'll say, there was a claim.
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We fixed it.
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Here's the bill.
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And so the insurance companies are upset about this because they say if they had gotten the claim directly...
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they could have fixed it for less money and they would not be paying as much as the contractor is asking them.
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Exactly.
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So there's a couple of roots of that.
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So one is that the insurers say the contractors are filing for claims that maybe are fraudulent in the first place or that they're overcharging for claims and they're spending more than
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is necessary to fix the claim or doing unnecessary work.
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Showing 701–720 of 798 · page 36 of 40
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