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Re: Insurance Claim Payment
[Re: tpcook]
#152658
01/17/2018 12:18 PM
01/17/2018 12:18 PM
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Joined: Dec 2007
Posts: 2,040 Charlotte, NC
NCSailor
Traveler
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Traveler
Joined: Dec 2007
Posts: 2,040
Charlotte, NC
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I just received the first proposal from the insurance company, but it is so ridiculous that we (My son and I) are responding that we are preparing or arbitration in the matter. I may need some one to act as an arbitrator in the matter. As an example, they are saying we are under insured by 87.6% and then in another paragraph they are saying the estimate that we submitted was too high even though it was at a per sqft rebuild of $237 The villa is heavily damaged and nothing can be reused except for the cistern. I estimated a 40 week rebuild and they think 30 weeks. A villa cannot be built in the BVI in 30 weeks.
Basically the insurance company is abusing their clients. Sent you a PM
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