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How do you get a home insurance company to give you a fair amount for repairs after hail damage?
Wiki User
∙ 11y ago
Hello everyone!
After 2 hail storms my parents recently had a lot of damage done to their pool and gutters/downspouts. The insurance company guy came out and looked at it but the amount they are willing to give my parents for the damages is like half of what it is going to cost. The insurance company offered $2300. But 2 estimates so far for the pool alone came in at $3500 and $4000! And that's not even including the $1000 deductible my parents have.
My question is, what can my parents do or do you have any experiences that could help because I don't understand how the insurance company can only give my parents half of what the estimates from companies in the area are offering?! Please help with any advise/suggestions!
Thank you!!
Wiki User
∙ 11y ago
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Do i have to use an insurance payout to repair damage when i am going to sell the house and have reflected it in the price?
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What is a policy in insurance?
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Why should someone get more than just house insurance when owning a home with property?
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What if hail damage is greater than the value of car?
than your car is totaled and your insurance company just pays you a dollar amount instead of paying for the repairs... assuming you have insurance
How do you get insurance for external damage to homeowners association buildings?
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If friend driving your car wrecks it will their full coverage policy pay for the repairs?
yes.. make sure you contact your insurance company and let your insurance deal with your friend's insurnace to settle the damage amount to have it repaired. asian623 http://www.myspace.com/scionturboracing
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The amount initially reserved for a claim is called the reserved amount. This is the amount the insurance company estimates through observation may eventually be necessary to repair the damage. The final amount paid could be less or more than the amount initially reserved for a claim. It is not uncommon for the insurer to reserve a certain amount and then wind up paying much more before all repairs are completed. The insurance company knows that once repairs begin, other damages could be revealed that were not readily apparent upon initial inspection. The bill could rise as the repairs progress. This is why it's usually best to let your insurer deal with the roofing company directly. If the company has sent you a check as final settlement, meaning that is all they are going to pay and they have closed your claim and you mange to get the work done cheaper than the settlement, then you are allowed to keep the balance. If the insurance company is dealing directly with the roofing company they will pay the amount of the final repair bill, not the estimate.
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Will a auto insurance policy pay for routine vehicle repairs?
No - insurance is for sudden and accidental damage. Routine repairs are considered maintenance and maintenance is not covered under any insurance policy.
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