Home up in smoke!

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Posted: Fri Sep 25, 2009 9:39 pm Post subject: Home up in smoke!

I refinanced my home in July 2003. The mortgager submitted a requested on my behalf $275k of coverage. In August 2003 I went into the agency to add a rider to my fiance's ring. A conversation ensued as to the appropriate amount of coverage for my home. The agent explained that the bank was asking for $272k but that the house could be rebuilt for $170k. I stated that the reason for the higher request was because that is what the property appraised for. True she said but that appraisal includes the land. In the event of a "TOTAL LOSS" the land will be the only thing left. I go on vacation at the end of August 2003 and lo and behold I suffer a "TOTAL LOSS". The insurance company comes to adjust and guess what it will require $275k to rebuild. They don't want to pay the difference because they are not liable for the error. What say anyone? PS it is still in litigation. Mostly because of inexperience I hired an incompetant lawyer who seems more nervous in hearings and arbitrations that I do.

mannyt

New member

Joined: 25 Sep 2009
Posts: 1

1.00 Dollars($)

Posted: Sat Sep 26, 2009 4:56 pm Post subject:

E&O coverage. _________________ Can I say I’m working if I stare blankly at my computer all day?

Dasfuk

Senior member

Joined: 27 Feb 2008
Posts: 363

Location: Ohio
88.71 Dollars($)

Posted: Mon Oct 19, 2009 2:35 am Post subject:

Care to define E+O?

heidrek

Preferred member

Joined: 19 Oct 2009
Posts: 123

18.05 Dollars($)

Posted: Mon Oct 19, 2009 5:07 am Post subject:

Errors and omissions coverage that the agent should have. _________________ Can I say I’m working if I stare blankly at my computer all day?

Dasfuk

Senior member

Joined: 27 Feb 2008
Posts: 363

Location: Ohio
88.71 Dollars($)

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