If it sounds to Good to Be True – It Probably is!
According to the Florida Department of Banking and Finance, today’s marketplace can be as “deceptive” as it is “competitive”. To stop fraud and predatory lending, the State Comptroller urges that you follow these consumer tips:
wBe cautious when asked to pay in advance for goods and services.
wDon’t respond to any prize or gift offer that requires you to pay any money to them.
wBeware of credit-repair companies that promise to “fix” your poor credit history, for an up-front fee.
wDon’t buy something because “the price is good "today” only. Don’t allow yourself to be pressured into a hasty decision.
wBefore signing a contract, read it thoroughly, and make sure you understand all of the terms. Find out if you have cancellation rights before you sign any agreement.
wDon’t rely on a salesperson’s promises. Get everything in writing.
wDon’t assume an item is a “bargain” just because it is advertised as one. Always ask about a refund or exchange policy.
wBefore investing, always check to see if the company has a disciplinary history with the Florida Comptroller’s Office.
wBefore you make a charitable donation, check the legitimacy of the organization by calling 1-800-HELP-FLA (1-800-435-7352).
Remember, if it sounds too good to be true, it probably is!
Are Your Housing Valuables Insured?
2003, fire at a local condominium left 30 Davie families searching for a new home. The affects of the fire were compounded by the fact that many condo owners incorrectly assumed that their Condo Association carried an insurance policy which covered the contents of the individual units. This is not the case!
The fact is, a condominium association usually carries insurance policies which only cover the loss of the structure (building) or damage or liability arising from use of the common elements. The contents of each individually-owned condominium (appliances, TV’s, jewelry, furniture, clothing etc.) are not protected against loss or damage by the association’s insurance. The same situation holds true for rental properties. Renters must also obtain private policies to insure the loss of their personal property, by carrying “contents insurance”.
If you are not currently insured, we urge you to contact a Florida licensed casualty insurance agent (such as State Farm, Allstate, etc.) to obtain details and price quotes for “contents insurance”.
For more information, contact the Florida Department of Insurance at 1-800-342-2762.
If you have questions, please contact one of the following agencies at
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