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home owners claim

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Posted: Sun Feb 05, 2012 6:45 pm   Post subject: home owners claim   We are in the middle of three claims of water damage inour house. On one of the claims we have decided not to go the original route of replacing tile but rather stripping and resurfacting the old. The original amount of money was for replacing and this process will cost less. Do we give money back to the company? The insurance company also dropped us and our new policy will cost twice as much. _________________ Register Now to have your Insurance queries solved.	hsk@taoskhalsahealth.com Guest
Posted: Sun Feb 05, 2012 8:18 pm   Post subject:    No, you keep the money. The insurance company thought that the proper repair was replacement. So in their eyes if you repair then it was not restored correctly and you still have part of your loss to deal with. That is why you keep the remaining amount of the money. That is probably the way o justify keeping the money ( and it's not incorrect) but truth is, they paid you under the terms of the policy... what you do with the money is up to you. I'm assuming that no one else is listed as the payee on the check.	tcope Forum Expert Joined: 22 Nov 2006 Posts: 5199 Location: Salt Lake City, UT 286.08 Dollars($)

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