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FTHE TOP-5 SCAMS
THAT PROPERTY OWNERS FALL FOR
By Matt DiBara, DiBara Masonry
or many, a house is the largest They typically try to “weasel” up-front payments investment one will make in a out of a property owner, or at least large down lifetime. With so much at stake, the payments. These scammers will try to steer you home improvement, contracting, and away from filing legitimate homeowner insurance home insurance industry is rife with claims and then skip town with your cash. If they deception. Homeowners need to be do any work, it’s typically substandard. If a scam savvy and stay alert to people out to contractor completes work on storm damage before scam them out of their hard-earned a legitimate insurance adjuster can inspect the
money and out to put their stature as homeowners damage, your claim will likely be denied, and you’ll in jeopardy. Here are five of the top scams that be stuck footing the bill to repair the shoddy work.
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.
UNLICENSED CONTRACTORS SCAMS
When you need work done on your property, you want that work done by a professional. Property owners can also be persuaded to cut corners on researching companies or ignore red flags if the price is right or run up against a smooth-talking contractor. One sign that a contractor is probably unlicensed is they want the homeowner to pull their own permits. This action leaves the homeowner
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16 DECEMBER 2021 - APARTMENT MANAGEMENT MAGAZINE AMM1/6
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