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Started By
Message
OT home insurance experts
Posted on 8/28/17 at 11:26 am
Posted on 8/28/17 at 11:26 am
My parents house in port lavaca confirmed heavy wind and flood damage. How is dealing with insurance regarding these items? They have wind and flood insurance, are they good to go? How long are repairs? Should they stay or go while repairs occur?
Thanks
Thanks
5
Posted on 8/28/17 at 11:30 am to fareplay
They'll eventually be fine. Hopefully it doesn't require litigation. My parents had both with State Farm. House was just a slab after Rita. Homeowners adjuster said it was water that took the house, flood adjuster said it was wind. Unfortunately it took a lawsuit before they paid anything.
ETA: they should make arrangements to live elsewhere in the interim if possible. I can't imagine how long repairs might take with destruction this widespread. Please impress upon them the importance of being careful who they hire - storms bring tons of scammers.
ETA: they should make arrangements to live elsewhere in the interim if possible. I can't imagine how long repairs might take with destruction this widespread. Please impress upon them the importance of being careful who they hire - storms bring tons of scammers.
This post was edited on 8/28/17 at 11:33 am
Posted on 8/28/17 at 11:30 am to fareplay
If they have an ho3, their expenses for leaving will be covered if the house can't be occupied because of a converted peril
Posted on 8/28/17 at 11:31 am to fareplay
Insurance claims will take at least 3 months to process. If they have money to cover the repairs, I suggest getting a contractor on board ASAP because if you wait, you will get put way down the list.
Repairs take way longer than you think. Expect 6 months minimum before completion as the absolute best scenario.
Repairs take way longer than you think. Expect 6 months minimum before completion as the absolute best scenario.
Posted on 8/28/17 at 12:01 pm to nugget
quote:
If they have an ho3, their expenses for leaving will be covered if the house can't be occupied because of a converted peril
It depends on what made the home unlivable. Flood is FEMA and does not cover additional living expenses.
Posted on 8/28/17 at 12:30 pm to fareplay
As others have indicated the biggest issue they will have to deal with is neither insurance adjuster will want to take fault and will try to put in on the other insurance. This will cause a lot of stress for your parents and as someone else mentioned may require a lawsuit.
When getting a contractor involved, tell them to do their homework. DO NOT use a contractor that requires a substantial down payment. Depending on the scope, many may require 25% down to cover materials. That is pretty standard. Also, I would only work with local companies; they are less likely to take the money & run, and if they do something wrong/improperly they will be around a few years later to correct it.
TX Secretary of Sate requires you to pay to see details on businesses (I believe $1 per click), but to be safe I wouldn't use a company that is not listed. Also, make sure to check insurance & bonds; have them verify the companies through their insurance adjusters.
When getting a contractor involved, tell them to do their homework. DO NOT use a contractor that requires a substantial down payment. Depending on the scope, many may require 25% down to cover materials. That is pretty standard. Also, I would only work with local companies; they are less likely to take the money & run, and if they do something wrong/improperly they will be around a few years later to correct it.
TX Secretary of Sate requires you to pay to see details on businesses (I believe $1 per click), but to be safe I wouldn't use a company that is not listed. Also, make sure to check insurance & bonds; have them verify the companies through their insurance adjusters.
Posted on 8/28/17 at 1:27 pm to Politiceaux
quote:
flood adjuster said it was wind. Unfortunately it took a lawsuit before they paid anything.
frickers. Insurance companies suck.
Posted on 8/28/17 at 1:44 pm to fareplay
1) Materials are going to be harder to come by than people willing to do the work
2) Background check your contractors
3) Before dealing with the insurance adjustors research common underpayment tactics
4) Document everything that was damaged and keep ALL receipts
2) Background check your contractors
3) Before dealing with the insurance adjustors research common underpayment tactics
4) Document everything that was damaged and keep ALL receipts
Posted on 8/28/17 at 2:09 pm to Politiceaux
quote:
State Farm
Literally the worst when it comes to covering storm damage. I deal with them alot and they are terrible. Hope they go out of business.
Posted on 8/28/17 at 11:27 pm to TaderSalad
They sure made both sides of my wife's family whole in no time flat after Katrina. Maybe they are tighter now.
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