Insurance FAQ
 

Water Damage Insurance Claim Payouts?

Question by billyboy | Posted in Insurance

Can ayone tell me how much the uk insurance companies paid out to their policy holders for water damage to their property in 2005 or 2006. This will relate to damaged caused by taps left on, faulty plumbing, burst pipes etc. NOT RIVERS BURSTING THEIR BANKS ETC.

I would also like if possible to find out what percentage of people have experienced such damage in the last five years.Also the average cost to put the damage right.. and the maximum payout for such damage on any one claim.

Answer: Probably not. For the most part, that's proprietary information, and although it might be shared with other insurance companies, the exact numbers are not going to be "public record" as broken down by claims.

Your best bet is to talk to your own agent, see what YOUR insurance company paid out, and assume it's industry average for your area.

Maximum payout is going to be limited by each policy - that's an IMPOSSIBLE number.
 
 

Do Ontarians Have Rights When It Comes To Water Damage Insurance Claims?

Question by on a limb | Posted in Insurance

We have a lot of water damage from a washing machine that rotted out and leaked. We are being told that we have to pick our new tiles from the samples given to us by the insurance adjuster's contractor,but we do not like anything he has. Are we obliged to go with his contractor. Also, we think the contractor is ripping off the insurance company, because he's charging a fortune for doing very little. Do we have rights as a person stating a claim in Ontario?

Answer: You are under no obligation to use that contractor. While the insurer has the right to refuse certain contractors if they have had bad experiences with them in the past, the insurer cannot force you to use someone you do not want. At this point the best thing to do is figure out which contractor you wish to use, and then contact the adjuster handling your claim and inform them of the change. Keep in mind an insurer may be willing to offer guarantees on the work done by their preferred contractors, so if you decide to switch keep in mind you may lose this benefit. If the insurer gives you any grief ask them to point out where in the policy wordings it states that you have to use their contractor/repair

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How To Claim Water Damage Insurance For My Droid X?

Question by Jake | Posted in Cell Phones & Plans

i already have insurance on it....but its hard as hell to find out where to claim it at...my insurance covers water damage (but not completely)...so i just need to know where to go and how to get a new one

Answer: All Verizon insurance claims are handled by Asurion.

http://www.asurion.com/

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How To Get The Most From My Insurance Claim (water Damage)?

Question by Brad S | Posted in Insurance

Adjuster came out to quote it then sent me a LOWBALL check. Contractor quoted nearly 4 times higher to repair the damage! I still want to handle to money and the paying of the contractor myself but I want the insurance company to pay me a fair amount first. How do I get them to increase their payout me? What should I expect from them in terms of the percentage of what the contractor quoted? Thanks!

Answer: Many contractors quote 4, or even 10, times what a fair price would be. Just because the contractor quoted more does not mean that the insurance company is not paying a fair price. It could mean that the contractor is charging "nearly 4 times higher" than a fair price. You may simply need to find a contractor who charges a fair price, not to get more from the insurance company.

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Water Damage Insurance Claim ? ?

Question by D H | Posted in Insurance

Unfortunately after being gone from home for two days I came home to water damage.The water damage was so bad that the floors had to be taken up and we had to be placed in a motel for a short time while repairs are made.I guess my questions are these what can I expect with the adjuster (he put us up in a motel really without me asking which has been a godsend since the damage was bad) are the contents that were damaged like odds and ends covered by the water damage claim as well ? Money runs tight

Answer: You have n't said what caused the wanter damage, but since the adjustor authorized paying a motel bill then it's likely he's decided that the loss is covered. The motel bill is being paid under the "Loss of Use" provision of your policy, which covers for things like hotel and dining out (with provisions) for as long as your home is uninhabitable, subject to your policy provisions and terms.

If you have contents coverage on your policy then it's likely your odds and ends will be covered, but that depends on the cause of loss. The building itself has broader coverage than your stuff, so it is possible that your contents will not be covered. Make a list of everything

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Hurricane Earl and Miami: Tips for Preparing Now 4 Hurricane Storm ...

by bryantsq@hotmail.com (Bryant Esquenazi)

Today, the National Hurricane Center here in Miami announced that Hurricane Earl has been upgraded to a major storm - building to a Category 3 hurricane.   Right now, Hurricane Earl is producing winds clocked at 120 mph, and Earl is strengthening by the hour.   Unless Earl veers off its expected course, it's expected that the Hurricane will move up the East Coast - missing Florida, creating danger for the Carolinas and up the coastline. However, as those here in Florida know all too well, hurricanes have a mind of their own and you're never sure exactly what their path is going to be until the storm decides. Watching the Hurricane on Radar and Listening to the Forecasts....

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