How Long Should A Flood Insurance Claim Take?

Dec 23, 2007 by ranger8 | Posted in Insurance

Chris N asked this but didn't seem to get a full guarantee b make amends for. Another guy had 6 months for a fire claim. Why does it take so long?

The maladjusted with a flood claim is the difficulty in quantifying the loss.

1) The house has to be dried - this will take several weeks and a large amount of intensity.

2) Then the house will probably have to be gutted and cleaned - this will take quite a while.

3) The the house will have to be completely decorated, appliances bought and installed and of seminar new furnishings/ goods purchased.

4) The insurance company should be able to quantify most of the household costs and get well to an agreement quite quickly - but it will be quite a while before the customer can get to buy the goods. The loss assessor should have been out quick to arrange the drying out etc.

5) Also of course there may be two insurers - one for the buildings and one for the contents - so two sets of negotiations.

6) There is also the at bottom of alternate accommodation.

Most of the expenses mentioned should not involve the policyholder as the insurer will sell direct with the contractors and pay them for the work.

Customers who feel that the insurers are dragging their feet can remove complaints against them -which have to be dealt with expeditiously.

For full details you can refer to the FSA handbook http://fsahandbook.info/FSA/html/handboo k/ICOB/7 which tells insurers how to treat claims and you can use it as a basis of complaint making (this changes Jan 6th to a principles based system ie treating customers absolutely is the golden rule and insurers do not have to obey the rules listed provided they upon their customers fairly.)

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Insurance Claim For Flood Damage- Is The Company Allowed To Do This?

Oct 16, 2007 by Pinklady | Posted in Insurance

I have placed a claim for the contents of my diet due to flooding. The insurance company is wanting to pay us the vast majority of the claim in vouchers and set us up with their suppliers. We do not requirement to replace some of the damaged stuff but are we still entitled to the cost of these items since we are fully insured for them?

They are entitled under the terms of their strategy.

Most Insurers cover on a new for old basis. That is, if an item has been damaged, they will replace with a new or equivalent component. They do not have to send you cash.

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My Car Was Recently In A Flood. Was Filing An Insurance Claim The Right Thing To Do?

Sep 26, 2008 by CAVEWOMAN | Posted in Insurance & Registration

I filed an insurance claim withe my insurance New Zealand because my car went through a lot of water during a flood recently. I have an appointment to go to a sub station of the insurance company to have my car checked went. What will they do to influence a decision on my claim?

Of conduct you did the right thing. That is what insurance is for after all. They will send an appraiser to look at your car to determine what damage was done. For the most part if the water was high enough to invade the engine and interior, the car is probably a total shrinkage. Water and electronics don't mix well. If they do decide the water was high enough that it's a total loss, they will give you tolerable market value for the vehicle, and take it away.

But until it has been looked at, you won't know, so wait until after that is finished. Complimentary luck with it..

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How Long Does It Take To Process An Insurance Claim For Flood Damage.?

Aug 07, 2006 by busterellis | Posted in Other - Home & Garden

I had an adjuster come out and faxed in the forms but have heard nothing else.

Could be as itsy-bitsy as two weeks or as much as 120 days depends on your insurance company and your state law.

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Have To Pay Flood Insurance, Had To File A Claim And Now The Insurance Costs Have Gone Up?

Mar 02, 2008 by blueJean | Posted in Insurance

is this some indulgent of joke? would the cost have remained the same if i hadn't filed?

Oh man don't get me growing on this one! What a screwing these insurance companies give us! Bend over :)

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I Lost Everything In A Sewage Flood And Am Making An Insurance Claim. How Do I Claim My Hockey Cards?

Mar 22, 2007 by mary lou s | Posted in Hockey

I had unordered hockey, baseball, and basketball cards damaged. how do i put a value on these. i know before long they are not worth much.

I have a Jumbo hockey card collection and tons of autographs dating back to 1981 and when I inquired about adding them onto my homeowner's insurance I was told not even to perturb because I won't get anything for them. Unless you're talking about Grezty rookie cards or something and you have proof you had them and COAs, etc.

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Can I Claim My Flood Expenses I Incurred In 2006?

Jan 08, 2007 by cutiepie81289 | Posted in United States

my basement flooded and I down the drain the rug,tv,water heater, furniture etc can I claim all of this on my taxes since I don't have flood insurance?

You can claim this as a statistic wounded loss. Casualty losses are claimed on the Schedule A and the deductible losses are circumscribed to the portion that is in excess of 10% of your adjusted gross income. Also, the first $100 of bereavement per loss event is nondeductible.

Your casualty loss is determined by taking the spotless market value of the asset lost or damaged BEFORE the event and then subtracting the average market value of the asset lost or damaged AFTER the event. You then must further reduce the wasting by any reimbursement made to you by the insurer.

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Hurricane Katrina Victims Are Are Having Their Claims Denied Because Fact They Had No Flood Insurance. Fair?

Apr 15, 2007 by Alex J | Posted in Current Events

Homeowner victims of Wind-storm Katrina have been denied their insurance claims due to the fact they had no flood insurance on their homeowner policy. In other word their insurance they paid for all of those years was useless.
Doesn't the title "Huricane Insurance" emply flood coverage?

They dearth to get off their ass and do something for themselves, they live in hurricane territory and live below sea level, they aren't too smart to finish their to Begin with. They need to help themselves.If you ARE going to live there get flood insurance, i say sucks for them. They are not thinking at all.

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Why Wasnt Flood Insurance Standard For Homeowners In New Orleans?

Aug 02, 2007 by axsooted | Posted in Insurance

katrina victims perfectly lost their case for insurance claims. seems like the lending institutions would have forced homeowners to have flood insurance on their homeowners policies in new orleans.

Flood insurance is accessible, but very expensive. Under the current system, if you made it standard for basic homeowner policies, fewer people would be competent to afford to purchase a home.

Personally, I think this might not be a bad idea. Make individuals liable for their own flood coverage instead of a government bailout. Let those people that live near the deep blue sea pay the cost instead of the rest of us paying for others to have nice ocean views.

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Understanding Insurance Claims, Esp.flood....?

Sep 27, 2008 by sandions2007 | Posted in Insurance

I am a scapegoat of IKE, I have a 4 plex and the 2 bottom units were totally flooded, couches to tools, its all gone...I have quarters and flood but not windstorm, as only flood is mandatory, I have contents with my flood. Aside from things like the siding, parry and hole in the roof, I know FLOOD doesnt cover wind damage, but what does flood protect against exactly? Floors that were ruined, sheetrock, baseboards, appliances,CABINETS???I am having a unfriendly time catching my adjustor, she was here Mon, and I faxed her all my receipts for everything, and now am waiting on contractor bids...one came back at 11 august....i hear so much about ins. companies dragging claims out for months and denying your claim for any convince they find, will they cover my losses if I have provided receipts serial numbers etc and whats a prematurely frame here, or should i just prepare myself to be pissed off? I dont know anything about insurance and claims, never been through this before and thanks to IKE I never wanna go thru it again!!!

Flood covers rising the finest, or water going up. It covers anything on a floor above ground level, like contents OR buildings, but anything at or below base level, like a basement, it only covers building - NO CONTENTS. BUT, it would inundate the furnace in the building, hot water heater, washer/dryer, in the basement.

If it's a finished basement, you could be looking at a mess. If it's all above ground level, then you're talking about getting paid depreciated value up front, and the steadiness for replacement - assuming you have enough coverage - after the work is completed.

DON'T THROW ANY FLOOD DAMAGED ITEMS AWAY. Age. Having a serial number isn't enough. Keep the items until the adjuster says you can get rid of them. That includes drywall that you rip out, carpeting you rip out, etc.

Be instant to be pissed off - because there is such widespread damage from Ike, that the adjusters are working 18 hour days, and STILL are falling way behind. They're accepted to handle the worst claims first, THEN get around to you. And after you're done, maybe they'll call ME.

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