The Top-5 Scams That Property Owners Fall For
By Matt DiBara, DiBara Masonry
For many, a house is the largest investment one will make in a lifetime. With so much at stake, the home improvement, contracting, and home insurance industry is rife with deception. Homeowners need to be savvy and stay alert to people out to scam them out of their hard-earned money and out to put their stature as homeowners in jeopardy. Here are five of the top scams that homeowners fall for time and again.
- Insurance Related Scams
Wading through the murky waters of insurance can be a daunting task for any property owner not up on insurance terminology or insurance law. Unscrupulous contractors like to take advantage of people’s unfamiliarity with all of the “ins and outs” of insurance claims. Scammers usually prowl neighborhoods following damaging storms, promising cheap fixes with low-ball bids. They typically try to “weasel” up-front payments out of a property owner, or at least large down payments. These scammers will try to steer you away from filing legitimate homeowner insurance claims and then skip town with your cash. If they do any work, it’s typically substandard. If a scam contractor completes work on storm damage before a legitimate insurance adjuster can inspect the damage, your claim will likely be denied, and you’ll be stuck footing the bill to repair the shoddy work.