We are fire survivors living on the property in a travel trailer and are in the very early stages of rebuilding- no building permit yet or timeline on completion. We have AAA and California Fair Plan (CFP) and were informed by CFP that we will…
We received the following question from a Marshall Fire survivor in Colorado: “Hello. We were impacted in 2021 by the Marshall Fire in Louisville Colorado. We are currently trying to buy a home back in Louisville and are having trouble finding suitable homeowners insurance coverage.…
The “extended coverage” that they add to coverage A (that extra 20% or whatever), do you get that if you are buying a new house or only if you are rebuilding?
Can you recover the amount in your policy for code upgrades if you buy a house elsewhere that meets those codes?
Can you clarify further the difference between a scope of loss and an estimate? I feel like my insurer went straight to the estimate without sharing a detailed scope. How long and how in-depth should the scope be?
Can you provide a list of items that are commonly left out in estimates?
Do cost to rebuild estimates from insurers include architect fees, structural engineering, etc?
My adjuster said that architect plans specific to building code upgrades are also part of our building code limit and wants the firm to price that portion separately. Any insights? I will greatly exceed my code limits.
Our adjuster gave us an estimate with a very small amount for code upgrades, without explanation. In response to a question about it, they said they would revisit it in the future when we rebuild and get evidence of what the upgrades cost. Is this…
How do you distinguish code upgrades for what is essentially a new build? A builder wouldn’t do a new build to outdated codes, so how would they price out what would essentially be a downgrade?
Can you tell us how our HOA townhome coverage works with our individual townhome insurance policy?
Why does the Insurance company have any say over a REPLACEMENT home I might choose to buy over a REBUILD? What if I want to rebuild a different home than the one that was destroyed?
I have received my 83 page dwelling estimate. It is generated through Xactimate. I have a neighbor who has a similar floor plan and model to mine and same sq ft. His estimate is significantly higher than my estimate. The difference is over $350,000. Can…