Insurers in Texas, Florida, Maryland and other areas are collecting calculated replacement cost dollars from consumers so as to replace their homes / businesses, if necessary.
Base premium loss values include prospective Primary – General Contractor, and their prospective sub-trade contractors, material, labor, sales tax, business overhead and profit business factors.
Insurers like (Allstate, Farmers, State Farm, Safeco, USAA) are not disclosing any, or actual, Primary – General and sub-contractor labor, business overhead and profit VALUES that are inherently part of their insured clients loss VALUE…whether a claimant hires a Primary – General contractor, or not…
\”Under a replacement cost policy, the liability limits of the policy and the premium paid by the insured are DETERMINED ON THE BASIS OF the REPLACEMENT COST of the structure.
The VALUE of contractor´s overhead and profit, as well as sales tax on building materials, HAS BEEN INCLUDED IN the limit of liability FOR WHICH THE INSURED HAS PAID premium.
IF THE INSURER in determining actual cash value EXCLUDES COSTS that are INCLUDED in THE DETERMINATION OF LIABILITY LIMITS, on which the insured´s premium IS BASED, the insurer reaps an ILLEGAL windfall because the insurer receives premium on insurable values for which loss may never be paid.\”
Collecting replacement cost value dollars from consumers, that are not voluntarily factored / disclosed to [storm damaged property] claim loss victims, can allow insurers to (illegally) keep loss value dollars that belong to their claimant clients…via their cooperative \”adjusters\”.
How many millions, or billions, have been hidden from depreciated replacement cost VALUE dollar sums actually owed claimants…and who all is responsible for such insurance fraud?
Insurers in Texas, Florida, Maryland and other areas are collecting calculated replacement cost dollars from consumers so as to replace their homes / businesses, if necessary.
Base premium loss values include prospective Primary – General Contractor, and their prospective sub-trade contractors, material, labor, sales tax, business overhead and profit business factors.
Insurers like (Allstate, Farmers, State Farm, Safeco, USAA) are not disclosing any, or actual, Primary – General and sub-contractor labor, business overhead and profit VALUES that are inherently part of their insured clients loss VALUE…whether a claimant hires a Primary – General contractor, or not…
http://www.tdi.state.tx.us/bulletins/b-0045-8.html
\”Under a replacement cost policy, the liability limits of the policy and the premium paid by the insured are DETERMINED ON THE BASIS OF the REPLACEMENT COST of the structure.
The VALUE of contractor´s overhead and profit, as well as sales tax on building materials, HAS BEEN INCLUDED IN the limit of liability FOR WHICH THE INSURED HAS PAID premium.
IF THE INSURER in determining actual cash value EXCLUDES COSTS that are INCLUDED in THE DETERMINATION OF LIABILITY LIMITS, on which the insured´s premium IS BASED, the insurer reaps an ILLEGAL windfall because the insurer receives premium on insurable values for which loss may never be paid.\”
Collecting replacement cost value dollars from consumers, that are not voluntarily factored / disclosed to [storm damaged property] claim loss victims, can allow insurers to (illegally) keep loss value dollars that belong to their claimant clients…via their cooperative \”adjusters\”.
How many millions, or billions, have been hidden from depreciated replacement cost VALUE dollar sums actually owed claimants…and who all is responsible for such insurance fraud?
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He is no different than any lawyer.
In your dreams…