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Personal Finance and Investing

gibraltar72

(7,503 posts)

7. Ask him for his numbers justifying that offer.

Reply to 3Hotdogs (Original post)

Sat Jun 27, 2020, 05:53 PM

Jun 2020

I was in insurance. If it is lowball don't accept. If he's adamant ask to talk to his boss. The problem you might have without knowing specifics is ratio of coverage versus replacement cost. For instance market value of home is 200,000 but it would cost 500,000 to replace. Ins co. can justify only covering a portion of loss. I could explain further but that is simple version. If you need more PM me.

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Help. Ins. Adjuster problem. [View all] 3Hotdogs Jun 2020 OP

Refuse the offer. TexasTowelie Jun 2020 #1

Get a lawyer. Hurricane Michael proved how Phoenix61 Jun 2020 #2

Which insurance co.? Is there a liability claim against the house that burned, or is it the... TreasonousBastard Jun 2020 #3

Find a way of justifying more than 27K. Have you truly claimed for everything you possibly could? Doodley Jun 2020 #4

If they keep giving you crap, tell them.... lastlib Jun 2020 #5

They always lowball initially to see if you'll take it. Canoe52 Jun 2020 #6

Ask him for his numbers justifying that offer. gibraltar72 Jun 2020 #7