Home Owners Insurance Claim
HU-445170271
3 years ago
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Comments (5)update. March 23rd, 2 weeks exactly after my dishwasher exploded, I received an estimate in the mail. I am quite plased at how little depreciation there was. The letter says that a check has been mailed, for the actual value of my loss. The amount of the check is value, minus my deductible. I am thrilled that the adjuster counted *everything*, so I don't have to skimp. Each item is broken down, line by line, and they have accounted for painting my walls that have water damage, and even replacing the insulation in the floors, which I was afraid wouldn't be covered. What I do think is silly, is that the cabinets are being replaced, but not the uppers. My home is a 1978, so the cabinets are old. No chance of matching them, so I'm supposed to have old cabinets on the top, and new on the bottom? A bit silly. We are thinking of replacing the floors ourselves, and are really happy to see that the first check will be enough to cover the materials. It's only $450 or so in depreciation for the floors and cabinets. Not too bad, considering. I still don't understand how I would go about getting the 2nd check for replacement. Do I call and ask? Send them pictures or the completed repair? Have the adjuster come back out and look again?...See MoreCan I claim wet basement or leaky on house insurance?
Comments (2)Varies by state. In my state, it would not be covered since it has been happening slowly over a period of time. Pick over your policy and see what it says for flooding/etc but generally if needs to be something like a pipe bursting (all of a sudden) and not ground water seeping through cracks...See MoreCost per square foot to rebuild in San Francisco?
Comments (23)Michael Short, Insurance Agent South Bay Great questions and answers. Before this life I was in the Mechanical Contracting business large commercial. There are some great answers in the threads above. 1. Know why you are getting the insurance and what it is you are protecting ( for all lines, but for the sake of discussion keep on homes you live in although most people auto is their largest liability). 2. As you are doing now find out the rebuild price per sqft. in your area 3. All fires are not equal. Your home burns down you can take bids negotiate, prices remain what they are. All of the homes in your area burn down forget it. Like my dad used to say ... son the price of poker just went up, right before he would take all my money :). Not enough contractors to go around highest bid wins. 4.How much would a vacant lot or a burned down house sell for. In Willow Glen I saw a burned down home sell roughly $800k .... 5.Prices go up they don't go down especially in these times... sheets of plywood last year home depot 7-10 dollars each now 50-60 dollars!!! Your insurance agent should give you price/s on per sqft cost to rebuild In the end its your home and your decision. Your agents job is to give you the information to assist you If your looking to save money go with a high deductible and do the math 10k vs 20k ded. Remember you don't come out of pocket on your home owners insurance claim. Whatever the "approved claim" is they take that ded amount and pay you the difference. Like one person said know what you need to rebuild and know what you need to walk away with and not be sick to your stomach. New home owners that put down 1.5% may be in a much different situation then someone with 50-100% equity. Hope this helps You can shoot me an email if you have any questions. mshort@farmersagent.com...See MoreHome insurance claim adjuster
Comments (7)I had a minor flood last year caused by an idiot upstairs - I am in a high rise. I had the emergency water remediation come out to dry out the walls. I needed an asbestos remediation company to check for asbestos and then they had to be paid to remove the drywall because it contained asbestos. I then had to have the drywall installed AND there was damage to the ceiling because the asbestos people tape up a plastic "room" and the tape destroyed the ceiling. I didn't have problems with my insurance company as they paid me what it cost less my deductible. I presented them with the invoices. They approved my choice of the water and asbestos remediation companies and paid their invoices. I presented them with the estimate from the GC for repairs - including repairs for the ceiling damage caused by the asbestos company - and they paid that fully as well. Obviously you need to find out what it is going to cost to completely repair the damage. I have insurance with full replacement value. Something I didn't realize is that they deduct the depreciation until AFTER you finish. In my case this was moot since I had actually just finished a full remodel so there was no remediation. Before hiring a third party, why don't you wait to see if there are issues with the insurance company. Find out what they require in terms of estimates for repairs - e.g. how many bids do you have to provide. My insurance adjuster was great and my neighbors who had even more extensive repairs necessary also didn't need a third party to help them. Some of their claims were pretty massive in terms of gutting kitchens; replacing flooring in an entire floor as well as two months of hotel accommodations and meals because they had to move out while repairs were being done....See MoreHU-445170271
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