re: How bad was State Farm the last few years

quote:

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State Farm has been issuing 75% of settlement checks on homeowners claims, and telling policy holders they’ll get the remaining 25% when they show proof that the repair work was done satifactorily.

It’s not State Farm’s business what anybody does with the money. People pay for insurance policies, not a conscience or a babysitter.

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I assume you're talking about the hold back for depreciation?

If so, thats common practice among most insurers nowadays. They pay the value of your damages minus depreciation upfront. Then you recoup the depreciation as you submit receipts and proof of repairs. If you don't make the repairs, go with lower grade materials, or find someone to do the work cheaper...then you just don't get the depreciation back.

Blame people who try to turn their claim into a way to put cash in their pockets by submitting an estimate from a legit contractor, but then hiring some unlicensed jackleg off the street to do the work as cheap as possible so they avoid having to pay their deductible or can pocket some money off the deal.