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Some Insurance Claims Paid/Rates Going Up #154695
02/09/2018 06:17 AM
02/09/2018 06:17 AM
Joined: Mar 2001
Posts: 17,585
Ohio
ruralcarrier Offline OP
Traveler
ruralcarrier  Offline OP
Traveler
Joined: Mar 2001
Posts: 17,585
Ohio


J.D.
SXM Sponsors
Re: Some Insurance Claims Paid/Rates Going Up [Re: ruralcarrier] #154703
02/09/2018 11:09 AM
02/09/2018 11:09 AM
Joined: Mar 2007
Posts: 221
London,Ontario CDN
JMSH Offline
Traveler
JMSH  Offline
Traveler
Joined: Mar 2007
Posts: 221
London,Ontario CDN
Claim dollars being paid and rebuilding or replacing being completed can be two separate items. In some cases I am sure that insured's will take the money and run and never replace or rebuild the damaged property. Materials, skilled labour are probably in very short supply.......I am also confident that items were not insured to full rebuilding or replacement value and hence you are going to have a shortfall.


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