Posted On: April 10, 2007, 3:51 pm CDT

Posted By: Bob

The cost per sq. ft. with out the bells and whisles is not correct. Most homes do not have oak, maple or even real wood cabinets. I have reviewed estimates and adjusted for over 25 years. Every time there is a claim, guess who wants to upgrade their home. The state needs to grab ahold of the policy and start to enforce the contract. Do you know how many times I have had to reopen a hurricane claim because insureds spend the money on better than they had, and want the insurance to pay for it. They hire these so called Public Adjusters who are out for the dollar than to realy help an insured. How do I know, I am involved in it, The insured pays any place from 15 to 30% of the settlement to these blood suckers, and when the company wants to enforce the policy, they get blocked by blood sucking Attys. The public pays. Also the insurance does not cover your foundation, you need to subtract that from the cost to rebuild, Slabs never burn, block walls can be repaired, you need 80% coverage to get full replacement cost.