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WARNING to Policyholders About Rebates

Florida Prohibition Against Rebates – The policyholder is prohibited from accepting a rebate from a person performing sinkhole repairs. If the policyholder does receive a rebate, coverage under the insurance policy is rendered void and the policyholder must refund the amount of the rebate to the insurer. Furthermore, a person who offers a rebate commits insurance fraud punishable as a third-degree felony as provided in s. 775.082, F.S. (up to 5 years imprisonment), s. 775.083, F.S. (up to a $5,000 fine), and s. 775.084, F.S. (for a habitual felony offender up to 10 years imprisonment with no eligibility for release for 5 years).

In Tennessee, Without the prior written consent of the insurer, the policyholder may not accept anything of value from any person proposing to perform the repairs as an inducement to contract with such person for the repairs.

Free Sinkhole Repair Consultation

Have questions about insurance rebates and sinkholes? Need assistance with sinkhole repair & remediation? Contact us at (352) 805-1088 for a Free Consultation with a Sinkhole Repair Specialist!

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