No, an insurance company can not force you to rebuild your house after a fire. They can tell you how much they are willing to offer you for the damage on your home. At that point you can decide whether to rebuild or move.
To work the rebuild cost of your house for insurance purposes, you can compare your house to new builds in your area. Then, see the average price per square foot to build a new home in your area. This will be close to your rebuild cost.
It depends on the type of policy your purchased. If you bought replacement coverage the Insurance Company will pay to rebuild the home to a like or similar condition. If you purchased ACV coverage or do not wish to rebuild then they will pay you the depreciated cash value of the home. Homeowners Insurance does not pay for land.
You will have to ask a Home Builder (Contractor) about how long it will take to rebuild your house. Your insurance company can usually resolve the claim portion withing 60 days. If you are having a disagreement with them then it could take longer. Your Homeowners Insurance company won't be rebuilding the house, they just pay the bill to whomever you choose to as the contractor to build the house for you.
If you have a mortgage, the money goes to the bank and they release it when the house has been rebuilt and inspected. If you own the place free and clear, then it is your choice.
If you had no insurance then you're out of luck. You'll just have to buy a new house or try to rebuild or repair the one that was damaged by the tornado.
Coverage A is the dwelling amount. As in, if it cost $250K to rebuild your house then that is what your coverage A should be.
Probably not, but if you have an insurance company that employs jerks, you just can't tell. They would probably be much more tolerant of the first claim if you put up a lightning rod when you rebuild the house.
An insurance company covers damage to the property if you bought a Homeowners Insurance Policy. They cannot force you to do anything except to pay for the coverage. A landlord of a house you live in, or a condo association can force you to pick up damaged patio cover because it is unsightly and ruins the look of the Condo. Read the Association Laws.
You don't have to build the "exact" house. You do have to rebuild a house of like size, quality and build grade which should result in a home of same or similar value as the one that was lost. Replacement cost coverage is designed to provide you with the funds needed to rebuild so you do not have to be concerned with "What if's" it costing more than the insurance will cover. That's what replacement cost on an insurance policy is for. If you are concerned about out of pocket expenses just have your builder deal directly with the insurance company and make sure you do not sign any contract that makes you personally responsible for any amounts greater than your deductible.
The insurance company reserves that right.
American Income Life Insurance Company - Wichita, KS is an US company, It may provide house insurance in vancouver in Wichita
Generally, insurers are expected to restore you to a pre-loss condition. It is up to your insurance company whether to do that by rebuilding or by making a cash settlement.