by Guest » Wed Mar 31, 2010 01:02 am
We have a claim going through our homeowner policy with our insurance for a burglary They have already paid in full for the damage to the house to be fixed. Now we are working on the personal property part and we have Full replacement value for the personal items stolen. They have named a settlement, minus our deductible of course.
There a hold back on the settlement for the personal property we would get the hold back only after filling out MORE paper work and presenting them with receipts , the hold back is about 10% of what would have been the final amount.
both of us (the ones filing this claim) have anxiety disorders and at this point we'd just like to let them keep that 10% and just take the initial 90% disbursement if it means we don't have to fill out more paper work or track down receipt for small things we replaced already. If it was house repair or a big chunk of money I'd fight but I'm really tired.
the check is in the mail from them now.
would they let us do this or is this going to be an even bigger hassle?
and on a side note, will it look bad on my insurance report thing if I change homeowner's insurance companies this year after having had this claim? There has been some them messing with us and surprising us with policy changes we are unhappy with.
There a hold back on the settlement for the personal property we would get the hold back only after filling out MORE paper work and presenting them with receipts , the hold back is about 10% of what would have been the final amount.
both of us (the ones filing this claim) have anxiety disorders and at this point we'd just like to let them keep that 10% and just take the initial 90% disbursement if it means we don't have to fill out more paper work or track down receipt for small things we replaced already. If it was house repair or a big chunk of money I'd fight but I'm really tired.
the check is in the mail from them now.
would they let us do this or is this going to be an even bigger hassle?
and on a side note, will it look bad on my insurance report thing if I change homeowner's insurance companies this year after having had this claim? There has been some them messing with us and surprising us with policy changes we are unhappy with.
Posted: Tue Jun 14, 2011 06:30 am Post Subject:
This post was replied to in a different forum. The $20,000 holdback is available if repairs cannot be completed for the amount payable as ACTUAL CASH VALUE, or $75,000 in your example. If your actual cost of repairs ended up being $80,000, you would get an additional $5,000 from your insurance company.
Posted: Thu Jun 23, 2011 05:37 am Post Subject:
Thanks to all the members for providing this useful information to the new users.
sap pp
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