When the buyer of a home is lied to about existing damage on the property, the results to the new owner can be physically dangerous, emotionally devastating, and exorbitantly expensive.
There is a simple reason that South Florida customers of the state-run company, Citizens Property Insurance, are not reaping the benefits of lower premiums next year that their peers in other parts of the state are: the steep increase in water-loss claims in Miami-Dade County. According to the insurance industry and supporters in the state legislature, this steep rise in claims is largely due to fraudulent activity.
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