We had a serious hail storm July 1... That's the same day our idiot governor shut down the government, its all his fault. That's my story and I'm sticking to it.
Anyway we got the adjustor's report today. He estimates the house roof (and other repairs) at 9K and the barn at 29K to replace. We are making plans to get the house re-roofed.
His report goes on to state we'd get 10K if we just leave the barn go. I'm tempted. Is there any downside on future insurance claims or other issues?
Karl
They're offering a 1/3 kickback if you don't make a claim on the barn essentially. When the roof wears out prematurely in the future due to the hail damage you no longer have a claim, so you're out $20k. They have logged the damage, so your rates will be adjusted based on the hailstorm so you're paying for the claim whether you take the full amount or not. You can take the full claim amount and still not do anything to the barn roof, since you have no future claim on it anyway barring another major storm. Take the full amount, patch what you need to and put the rest in a CD towards the future roof replacement.
As I understand it, the company needs proof the work is completed to pay the full amount. I have a 2500 deductable to come up with on the barn.
How old is the barn roof and how extensive the damage? How much will flooding cost you?
i
The barn was built in 1988. I'm frankly surprised they paid a claim. Its got dimples. So what, its a barn.
First, ask him to define the terms there and read them until you understand them, or have your uncle lawyer look over them. ;-)
My only experience with insurance claims was when they totaled a car for me (the cost of the body work would have exceeded the bluebook on the car) even though it was driveable, but the guy said that I could get a "salvage" title, but all they would/could insure would be liability. I finally sold it for about $200.00.
So, yeah, if you can get 10K and maybe recycle the barn, I'd say go for it, but make sure that you really understand the terms of the contract.
Good Luck! Rich
Talk to an independant adjuster that will be on your side. I bet he can get the claim increased.
John
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