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can we get more money to rebuilt our home?

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Posted: Thu Nov 17, 2011 4:27 pm   Post subject: can we get more money to rebuilt our home?   Our home caught fire about 8 weeks ago. The adjuster was quick to come to the home and start his investigation. About 5 weeks later we received his estimate on what it would take to "rebuild our home" We do not want to rebuild the same home. We have looked into replacing the existing home with another home equal to value for our mortgage company. The question is, we have received one check and of course it was deprecated which I now understand. I am trying to get more money from our ins company, so we can build our new home. Do I need to tell the Ins adjuster what my plans are? or can I continue to fight for more money, which I believe he will be giving us , trying to get the most out of the Ins company before letting him know. Would the Ins Company have any right to ask for any of the money back? _________________ Register Now to have your Insurance queries solved.	marieann Guest
Posted: Fri Nov 18, 2011 12:20 pm   Post subject:    I think not. The insurance company will give you a check with deprecated amount calculated to rebuild your house and is not liable to pay you more just because you want it. Everyone would want extra money from the insurance companies then and all the companies will close down. Insurance companies only cover your loss depending on policy terms and following proper rules and regulations. _________________ Register Now to have your Insurance queries solved.	insurequest Guest
Posted: Mon Dec 26, 2011 6:08 pm   Post subject:    Yeah the above member is right that insurance company will give you a check with depreciated amount and they are not liable to pay you more then that..!! chicago real estate listings	Harry667 New member Joined: 26 Dec 2011 Posts: 5 Location: United States 1.36 Dollars($)

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