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Flood Insurance Proof of Loss Questions
Posted on 10/11/16 at 7:53 pm
Posted on 10/11/16 at 7:53 pm
TL;DR: Adjuster missed a bunch of stuff, wants me to sign off on incorrect proof of loss/estimate and deal with corrections in a supplemental. Is doing this legit or am I setting myself up for a hideous amount of red tape by doing so?
So my flood insurance adjuster left off a bunch of stuff (all electrical outlets, a few windows, insulation, blinds, fireplace insert, wrong size front door, wrong counter tops, no counter tops in one of the bathrooms, etc) that I've asked him to correct and send me updated building estimates/proof of loss.
He's pressuring me and the company he's working for is called me tonight pressuring me to sign the incorrect proof of loss now and file the corrections as a supplemental later.
So my flood insurance adjuster left off a bunch of stuff (all electrical outlets, a few windows, insulation, blinds, fireplace insert, wrong size front door, wrong counter tops, no counter tops in one of the bathrooms, etc) that I've asked him to correct and send me updated building estimates/proof of loss.
He's pressuring me and the company he's working for is called me tonight pressuring me to sign the incorrect proof of loss now and file the corrections as a supplemental later.
16
Posted on 10/11/16 at 7:57 pm to sleepytime
Hell no I wouldn't sign that shite. Make them fix it.
Posted on 10/11/16 at 7:58 pm to sleepytime
I wouldn't chew them out but when they call tell them you need to get it right, and why would they want you to sign a document that you know is false?
Posted on 10/11/16 at 8:15 pm to sleepytime
Mine missed some stuff and didnt allow enough for some other items, I questioned it and in 24 hrs he sent a revised adjustment and it was about 15K higher than first one. Can still file supplemental as work gets done but I wanted my inital settlement to cover all the items neccessary.
Posted on 10/11/16 at 8:16 pm to sleepytime
That sounds shady...I wouldnt sign that shite
Posted on 10/11/16 at 8:35 pm to sleepytime
I think the key is what the document actually says...if it's language, in some way, indicates that your signature confirms that the property listed is a final list / total of the loss, I wouldn't sign it. If it allows for subsequent findings of loss after the sign date, then I would consider signing it to get the funds flowing.
My two cents.
ETA: If I wasn't in any hurry to get funds, I'd most likely wait until the loss statement is correct before signing.
My two cents.
ETA: If I wasn't in any hurry to get funds, I'd most likely wait until the loss statement is correct before signing.
This post was edited on 10/11/16 at 8:41 pm
Posted on 10/11/16 at 8:40 pm to sleepytime
Go talk to the FEMA folks about your options
Posted on 10/11/16 at 8:48 pm to sleepytime
Do not accept it. Yes, you can go back, but you lose your leverage. The adjuster is likely evaluated on how quickly he closes files. That may motivate him to get it right the first time.
Posted on 10/11/16 at 9:07 pm to ericberryistheman
Wrong. Very wrong
Posted on 10/11/16 at 9:19 pm to sleepytime
No way in hell I would sign that. Try getting in touch with someone more competent in that company and tell them you are not signing a false form to screw yourself out of money. I hate insurance companies. Professional scam artists.
Posted on 10/11/16 at 9:47 pm to chalupa
You have 120 days to file pol. If it is a good bit of money have him update the pol before you sign it. You can go back but I would hash out the big stuff now.
Posted on 10/11/16 at 10:22 pm to sleepytime
I had a bunch of stuff added before I signed off mid September. I can still add supplemental things that I may find along the way if there is proof of loss. I had my guy email, for the record, stating I could file supplemental claims if needed.
Posted on 10/11/16 at 10:28 pm to sleepytime
A good adjuster will fix the estimate if he missed items from his scope or lack there of...
Haggling over price of line items/ or contractor estimate is when a supplement is appropriate.
Haggling over price of line items/ or contractor estimate is when a supplement is appropriate.
Posted on 10/11/16 at 10:43 pm to sleepytime
I believe there is a 60 day POL requirement in the policy for you. You can read and verify. It won't hurt to sign even if it requires revision later. It is not a release.
Posted on 10/11/16 at 11:28 pm to sleepytime
Hell no son, don't let them low-ball you. Don't screw with revisions. Don't sign jack shite until they get back out there and make things right. If they continue to threaten or strong-arm you, talk to the Louisiana Department of Insurance.
Posted on 10/12/16 at 5:53 am to sleepytime
good luck trying to find him again once you sign off on it.
Posted on 10/12/16 at 7:06 am to sleepytime
I am curious about the rumor circulating that you have to file a second d proof of loss for maximum policy limits. Any adjusters know if there is truth to this?
Posted on 10/12/16 at 7:15 am to ShermanTxTiger
quote:
I believe there is a 60 day POL
That is no longer the case for the La. August Flood. The POL requirement has been extended to 120 days.
NFIP Bulletins
Click Bulletin 16067
Posted on 10/12/16 at 8:25 am to madamsquirrel
quote:
I am curious about the rumor circulating that you have to file a second d proof of loss for maximum policy limits. Any adjusters know if there is truth to this?
Nope, my neighbors house maxed out the limits. You would have to file a secondary claim for Increased Cost of Compliance if you need to raise or demolish your house.
Posted on 10/14/16 at 3:20 pm to sleepytime
quote:
TL;DR: Adjuster missed a bunch of stuff, wants me to sign off on incorrect proof of loss/estimate and deal with corrections in a supplemental. Is doing this legit or am I setting myself up for a hideous amount of red tape by doing so? So my flood insurance adjuster left off a bunch of stuff (all electrical outlets, a few windows, insulation, blinds, fireplace insert, wrong size front door, wrong counter tops, no counter tops in one of the bathrooms, etc) that I've asked him to correct and send me updated building estimates/proof of loss. He's pressuring me and the company he's working for is called me tonight pressuring me to sign the incorrect proof of loss now and file the corrections as a supplemental later.
Anybody with real world experience care to comment or offer additional thoughts on this? I am now in the same boat. Thanks in advance.
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