After a natural disaster, there's a lot on your mind, including keeping your family safe, filing insurance claims, and taking care of your home. Unfortunately, there's another concern that many families don't consider during this stressful time: Fraud artists.
In times of distress, it's important to be aware that repair scam artists are hard at work — and not in a good way. They show up knowing there's always more repair work than qualified contractors can handle. These con artists may offer promises of top quality repairs, but either overcharge, purposefully do shoddy work, skip town before the job is done, or all the above.
That's why Freddie Mac requires mortgage servicers to work with homeowners and their insurers when disaster strikes and ensure that the majority of the insurance money is not released until the repairs are approved and inspected for completion. This helps protect everybody from being scammed.
Here are some tips to help you protect yourself from scam artists after a disaster:
For more details on paying for repairs after a disaster with insurance money, call your mortgage servicer or insurance company.
Please continue to follow our 2017 Hurricane Help blog series for important information you need to get help.