 If a step-parent dies and you are told by your living parent the insur. policy only had the 2 of u listed.? |
| are u intitled to a porton of the money left? My stepfather died and my mom said the policy had myself and her listed on it as beneficiaries. She has gotten monetary settlement, however i have not ... |
|
 Auto Insurance Terms - Help Me Understand? |
Can you explain these terms?
Comprehensive
Collision
Property Damage Liability
Bodily Injury Liability
Medical Payments
Uninsured Morotists
Bodily I... |
|
 Will DirectLine charge me for cancelling my policy on my first day? |
Hello.
I signed up for car insurence with direct line yesterday. First day of policy is today and I just found better deal with admiral. Will DirectLine charge me for cancelling my policy? B... |
|
 Why would the people of America agree to pay insurance and then insurance not pay? |
It is unethical to pay homeowners insurance and they not be required to pay.
It is unethical to pay health insurance and then they not be required to pay.
These are laws written by our ... |
|
 My hospital bill is more than $10,000. Both my medical and car insurance don't want to pay. What can I do? |
| I had a car accident and totaled both my car and the person's car that I hit. I was lucky that my car insurance gave me a check for $26,000 for my car. But now Im stuck with this huge $10,000 ... |
|
 Can I get My canceled Auto Insurance policy reinstated at the same rates i had before i got cancel? |
| I just recently switched my Insurance company from Farm Bureau to Geico cause Geico was alot Cheaper whoever with Farm bureau I only paid every six months and have done that for like 5 years and G... |
|
 Putting babies on husband's insurance? |
My husband and I are expecting twins in late August (that probably equates to mid-August since twins don't usually go the whole 40 weeks).
Anyway, the open enrollment period for his ... |
|
 What's the age limit you can be on your parents health insurance? |
| My daughter had to recently switch from her dad's...can she go on mine?... |
|
 Can I drop my lawyer if I hired one to help me with my car accident lawsuit? |
| The lawyer I have is not moving fast enough for me. Can I call the at-fault-party's insurance company myself and see if they will settle for 15,000 dollars? At first they offered me 5,000 ... |
|
 What is public liability insurance? |
| i am doing dance coursework about freelance dancing, and the different insurance you have to have, and wondered if anyone could help with this? i have a bit of information, but i need it in human ... |
|
 The insurance comp have wrote car off? |
| car can be fixed by cheaper garage do i have to take there offer or could i get it mended myself , the car is in a compound and they say i cant go near it the claim has not been settled yet, the ... |
|
 Retail Insurance Qestion? |
| Before I approach my broker, I would be interested to see if anyone has any recomendations or advice for me. I am a new owner/ occupier of a retail outlet with 20 employees. I require a commercial ... |
|
 Dental insurance? |
| does anyone know what insurance I can purchase for individual that will cover at least half or more of my dental work?... |
|
 I will have to pay this lady that i a debt collector 100.00 for my fine which iwill pay.? |
| But i have to then pay her 150.00 to collect it, she put the phone down on me, and told me she was going to get me arrested if i didnt pay her, i have had no letters about this being sent to a debt ... |
|
|  |
nounderstanding | How to understand a insurance payout for house roof replacement? |
adjustor wrote a summary for 10,000 less sales tax and deductable of 2000 gave a check for 5000 a promise of another check for 3000 when they recieved the bid. we found some one to do it cheaper. after sending in bid for lesser amount we could not get any part of the 3000 depreciation plus now we have to pay cash for the deductable . "State farm" |
 |
 
mbrcatz
|
Was the adjuster paying for the replacement of the entire roof? Or just the damaged portion? (That's normal) Did they depreciate the roof for age?? (That would not be common).
How much was the bid for the cheaper amount? If the roof was $7,000 or less, you aren't ENTITLED to any extra cash, YOU GOT YOUR ROOF REPLACED!!! If it was MORE than $7,000, you should talk to your agent and see if only PART of the roof was covered, or if you didn't have replacement value on the roof, or what. Because that wouldn't be normal. |
|
Phil
 |
My bet is that your adjuster estimated the damage at 10k, minus your 2k deductible, for replacement cost of 8k. However, since many people don't replace their damaged roof, and simply pocket the money, you were only paid the actual cash value of the damaged roof minus your deductible, or 5k, until you had the repairs completed. (You are only entitled to replacement cost if you actually do replace the property.) When you came back with a lower cost to repair the roof, it changed the figures, and what you were entitled to. Either way, you owe your 2k deductible, and are entitled to a new roof (if you have it repaired), or the cost to repair it minus your deductible and the depreciation of the value of the roof over the years. |
|
Christie
 |
OF COURSE you have to pay cash for the deductible! That's how it works! There's no getting around that!
And why should your insurance company give you the additional money, if you found someone to fix the roof for a cheaper price?! Insurance covers the ACTUAL cost to repair the roof - you can't MAKE MONEY off your insurance company!
I don't think you're real clear on how insurance works. |
|
ernesto_tig
|
Yeah, that Phil guy is on it..
Most policies have a provision that if a claim is over a certain amount (usually $2500 or $5000) then the ACV payout provision kicks in. Sounds like State Farm paid out what the roof cost you minus your deductible. Wow a lot of nerve, them actually following the provisions of a contract they signed with you. Sounds like you got a new roof for your $2000 deductible, I'd be happy with that. |
|
barryfl
|
phil is correct..you dont get the extra cash. if you get the roof replaced for less than what was allowed they wouldnt give you all the depreciation back. they owe whatever it costs to get you whole again. thats it. its perfectly normal to depreciate a roof replacement based on the age/condition of the roof. if it was just a repair, they wouldnt have depreciated it at all..... |
|
jim
 |
You should have found your self a good roof for 10k. If you got a bid for under 7k, you still need to pay the deductible and the insurance has to pay the rest. You may want to get a bank load to pay the 2k, I know that's not chump change for a lot of people |
|
Chrys
|
State Farm is doing everything it can to make everyone angry. (and lose their insurance.)
If you can, try to get insurance from another company (if you DON'T live in Fl...if you live in FL, chances are you don't have State Farm anymore, they cancelled you or your insurance has quadrupeled. Yes someone my husband works with here in FL, got his insurance bill today, $7800 for the yr...doubled from last yr, doubled from the yr before and no claims have ever been made.)
Usually what people do with insurance, they get an estimate, give the estimate to the insurance. Get the check in their HAND. Get another estimate and use the lower one to do the roof. If you're lucky you know someone, who knows someone who can do a roof and not take you for a ride and all your money.
We got a roof for $5000. cash doing this, it's BETTER than state code (for FL) and it's a 50 yr instead of the 25 the state requires. So we lucked out, as did 10 other families on the street that used the same guys, after a hurricane took all our roofs. (and other things.) |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
6 | 13 minutes(s) ago
| | | |
7 | 48 minutes(s) ago
| | | |
7 | 52 minutes(s) ago
| | | |
6 | 3 hour(s) ago
| | | |
7 | 5 hour(s) ago
| | | |
6 | 9 hour(s) ago
| | | |
7 | 11 hour(s) ago
| | | |
6 | 1 day(s) ago
| | | |
7 | 5 day(s) ago
| | | |
6 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
