by Guest » Sat Nov 06, 2010 04:53 pm
I have filed an insurance claim for Hail damage for roof. The adjuster came in and processed the claim. I got a check for Roof Repair cost - Deductible - Depreciation adjustment. I was told by the insurance company that i can get the depreciation adjustment amount reimbursed when i get the work completed and provide them proof of work completion.
Now i had called couple of contractors and they looked at my roof and they said there is hail damage signs on the roof but my roof doesn't need to be necessarily replaced.
So now my questin is can i keep the money without getting the work done? :?:
Since i wont provide any proof of work completion and request for reimbursement of depreciation adjustment amount from my insurance company will my company close the claim after 180 days or will they come behind me to get the work completed?
Now i had called couple of contractors and they looked at my roof and they said there is hail damage signs on the roof but my roof doesn't need to be necessarily replaced.
So now my questin is can i keep the money without getting the work done? :?:
Since i wont provide any proof of work completion and request for reimbursement of depreciation adjustment amount from my insurance company will my company close the claim after 180 days or will they come behind me to get the work completed?
Posted: Wed Jun 13, 2012 02:56 pm Post Subject:
In the meantime, we sell the home, have an inspection, and the roof passes inspection, needing only to replace some shingles.
Since we are selling and we are not required to replace the whole roof according to the inspection, can we just simply cash the check and move on?
You don't mention what state you are in, but most state's laws require full and complete disclosure of such situations.
Obviously the home inspector was incapable of making a proper inspection -- but that won't limit your liability because you KNOW there is a problem. You will only compound the problem by not repairing the roof, and may be leaving yourself open to a civil suit for any damages that later result, including damage to personal property, and injuries to persons -- and for those damages you will probably not have $0.01 of insurance coverage because you failed to disclose or fix a known construction defect.
FIX THE ROOF as you would if you were still living in the home. It's the proper thing to do.
Posted: Tue Jul 24, 2012 07:03 pm Post Subject: Name on Check
I had hail damage to my car, roof and siding on the Fourth of July. I already got the check for the car. The inspector did not even look at my house yet. I had a contractor look at the roof and siding in which he found damage on both. I have an appointment on 8/7 with the adjuster who said that he would write out the check right there on the spot. I plan on fixing the roof, but not the siding since it still looks ok. I am concerned that the insurance company will make the check out to myself and the mortgage company since that is what they did with my car check. I need the extra money to pay some outstanding bills. How can this work out?
Posted: Wed Jul 25, 2012 12:04 am Post Subject:
How can this work out?
If the insurance company puts your mortgage company on the check then they have done everything correct. At that point you'd need to discuss it with your mortgage company. I doubt they are going to let you apply the money elsewhere as they want to protect their investment.Posted: Wed Aug 01, 2012 12:00 pm Post Subject: Someone may be useing my companys name.
My partner has recently put in a quote for an insurance clame. To remove ceramic tiles from a kitchen floor of his nan property. He is a self emplyed buildrer by trade. He just found out that an other family member has done the job possibly using his companys name. How would i go about finding out if this has happend without directly asking his family. And is this alloweed to be done if it is the case. I would very much appreceate your help.,
Posted: Wed Aug 15, 2012 03:21 am Post Subject: hail damage and my bank cashed the check
i had hail damage and siding damage and my insurance sent an estimator out and they cut me a check. I took it to my bank and they deposited it into my account. I haven't worked in a year due to a work related injury, so i fixed the siding and my deck myself and spent the rest of the money on things i needed and bills i was behind on. the bank that holds the lean on my house called and said i shouldn't have cashed the check without their endorsement. I have never filed a claim and this is my first house. I figured i would get the roof done when my comp payments start again. Or when i get a settlement for my knee. I'm on light duty and my work has no light duty to offer. So comp cut me off until my lawyer provided documentation of my employer not having a position for light duty. Im a construction worker. So now my bank says i owe the money back for not getting the roof done. They cashed the check and the bank it was wrote on paid it. I was then made aware that the check was made out to me and the lien holding bank. I didn't realize i was doing anything wrong. My best friend said he would do the roof but he is so busy that it would be a few months or so before he could get to it. he looked at my roof and said it looked fine. So my question is: my bank is pressuring me to repay the money because they cashed the check without the lien holding banks endorsement.Do i have to pay them for their mistake?
Posted: Sat Oct 06, 2012 05:18 pm Post Subject: work done on home after hail storm
am i tied down to one contractor to have repairs done after a hail storm
Posted: Sun Oct 07, 2012 03:52 am Post Subject:
If you are asking whether you must use the contractor the insurance company prefers, the answer is no. If you are asking whether you can change contractors in the middle of a job, the answer is maybe. Your contract with Contractor A may include a termination penalty. That's not an ironclad provision, and it might not hold up in court if the contractor was not providing quality work.
Posted: Wed Nov 14, 2012 02:26 am Post Subject: i was paid by the insurance to fix the whole roof, but. i on
The insurance company sent an appraiser and not knowing I was home pretended to check the roof. But he did tell the insurance that we needed to repair the whole roof. So we received the first part of the money and got three contractors to look at the roof and all three said it only needed patch work. I live in Texas so there's no snow rain damage. Just a little bit of hail damage and some old shingles ripped off from the winds. So we did want the insurance paid for and fixed what needed to be fixed. Was it fraud since we didn't fix the entire roof with money?
Posted: Wed Nov 14, 2012 01:40 pm Post Subject:
So we did want the insurance paid for and fixed what needed to be fixed. Was it fraud since we didn't fix the entire roof with money?
It's no fraud... as you did not inflate any bills. The insurance company gave you what they felt the claim was worth. It's not your fault they paid too much. An insurance company could have given you a million dollars... you can't be faulted for their error. At least, it's a simple difference in opinions as to what should have been repaired.
If you had asked someone to inflate their bill and given that to the insurance company to be paid.. .then yes, that could be considered fraud. But even that is done all of the time.
Posted: Fri Jan 11, 2013 02:09 pm Post Subject: A Lot Of Wrong Answes Here
You are correct when you say that the insurance could care less if the repairs are done or not. They paid ACV amount (actual Cash Value) and if you don't get the repairs made, they will not pay the recoverable depreciation.
You should be more concerned about the Insurance Commission. It is illegal for a homeowner to profit from a insurance claim. Period. and here in Texas, 1 out of 3 claims are being audited. People, just do the right thing and quit trying to find ways to justify theft
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