Can anyone tell me whether or not an adjuster will come back to re-inspect the property to issue the Replacement Cash Value
Total Comments: 4
Posted: Thu Nov 17, 2011 01:19 pm Post Subject:
As far as I know, you are expected to provide all supporting documentation in order to receive your Replacement Cash Value. The adjuster need not come again, you need to contact your insurer.
An insurance expert would be able to tell better.
Posted: Mon Nov 28, 2011 11:26 am Post Subject:
Good to learn about the Replacement Cash Value and here in (Link removed by Moderator: InsTecher per Terms of Use), I read that homeowners' insurance plans can often be added to with riders. In several states, eco-friendly insurance riders are just one more option. These riders pay out extra cash to make eco-friendly upgrades to a residence, in the case of damage to the house. I hope this information helped you in a way.
Posted: Fri Dec 30, 2011 04:55 pm Post Subject:
Before asking for your carrier’s adjuster to come back and re-evaluate your property for the replacement cash value, you can consult an independent adjuster about the RCV of the property. He will guide you in acquiring all the official documents that can help in valuating the RCV of the house. You can even ask him to draw up his own estimated RCV of the property which you can later use while negotiating with your insurance company’s adjuster.
Posted: Wed Jan 04, 2012 03:43 am Post Subject:
You don't need a public adjuster to figure this out. Your replacement cost is the cost to replace like for like. If the total exceeds the ACV, per covered loss (items such as jewelry, firearms, art, and cash have limited coverage), the insurance company will pay the difference according to itemized receipts and policy limits.
You only need a public adjuster when you and the insurance company cannot agree on the value of your loss. The public adjuster will negotiate the claim in an effort to obtain the best offer from the insurance company -- at a cost of about 10% of the recovered amount.
Posted: Thu Nov 17, 2011 01:19 pm Post Subject:
As far as I know, you are expected to provide all supporting documentation in order to receive your Replacement Cash Value. The adjuster need not come again, you need to contact your insurer.
An insurance expert would be able to tell better.
Posted: Mon Nov 28, 2011 11:26 am Post Subject:
Good to learn about the Replacement Cash Value and here in (Link removed by Moderator: InsTecher per Terms of Use), I read that homeowners' insurance plans can often be added to with riders. In several states, eco-friendly insurance riders are just one more option. These riders pay out extra cash to make eco-friendly upgrades to a residence, in the case of damage to the house. I hope this information helped you in a way.
Posted: Fri Dec 30, 2011 04:55 pm Post Subject:
Before asking for your carrier’s adjuster to come back and re-evaluate your property for the replacement cash value, you can consult an independent adjuster about the RCV of the property. He will guide you in acquiring all the official documents that can help in valuating the RCV of the house. You can even ask him to draw up his own estimated RCV of the property which you can later use while negotiating with your insurance company’s adjuster.
Posted: Wed Jan 04, 2012 03:43 am Post Subject:
You don't need a public adjuster to figure this out. Your replacement cost is the cost to replace like for like. If the total exceeds the ACV, per covered loss (items such as jewelry, firearms, art, and cash have limited coverage), the insurance company will pay the difference according to itemized receipts and policy limits.
You only need a public adjuster when you and the insurance company cannot agree on the value of your loss. The public adjuster will negotiate the claim in an effort to obtain the best offer from the insurance company -- at a cost of about 10% of the recovered amount.
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