What am I missing? If the NFIP/WYO adjuster knows that they missed clicking including sales tax in the claim costs, what is preventing a second check from being sent out to cover the sales tax? The only reason I can see is if the total loss already exhasuted the limit of coverage.
The flood policy coverage language is poor and will not pay what is needed to rebuild….plain and simple. It is a product of a federally operated entity.
It is a simple solution, get an estimate from a contractor, send it to the insurance co and ask for a supplement. Make sure the estimate is not a line item figure,but a breakdown of all cost.This will add in trying to look at where the mist damage is.I handled a ton of these claims, and have issued supplements if needed.
It has been our experience that adjusters typically play a ‘game’ to deny invoices or parts thereof. It is their job to deny, delay, or diminish claims because they have to justify their work to the carrier. Unfortunately, everybody loses with this game: the insureds who receive to little to actually rebuild, the contractors who don’t receive the fair price for the work they do, as well as the carriers in the form of loss of reputation and an unhappy customer base. Until the system is changed, the game will continue.
What am I missing? If the NFIP/WYO adjuster knows that they missed clicking including sales tax in the claim costs, what is preventing a second check from being sent out to cover the sales tax? The only reason I can see is if the total loss already exhasuted the limit of coverage.
The flood policy coverage language is poor and will not pay what is needed to rebuild….plain and simple. It is a product of a federally operated entity.
It is a simple solution, get an estimate from a contractor, send it to the insurance co and ask for a supplement. Make sure the estimate is not a line item figure,but a breakdown of all cost.This will add in trying to look at where the mist damage is.I handled a ton of these claims, and have issued supplements if needed.
It has been our experience that adjusters typically play a ‘game’ to deny invoices or parts thereof. It is their job to deny, delay, or diminish claims because they have to justify their work to the carrier. Unfortunately, everybody loses with this game: the insureds who receive to little to actually rebuild, the contractors who don’t receive the fair price for the work they do, as well as the carriers in the form of loss of reputation and an unhappy customer base. Until the system is changed, the game will continue.