Some questions about a homeowners claim from the CO fire tonight Insurance |
- Some questions about a homeowners claim from the CO fire tonight
- Car probably totaled on x-mas.
- I'm on my husband's health insurance and just realized I've been accidentally using his member ID for a whole year.
- School is forcing me to pay the student health insurance plan my after missing the deadline to opt out
- While working on a residential claim the insurer did more/different damage to my house. What next?
- Car insurance question related to unnamed drivers
- Car stolen from front of my house! Geico
| Some questions about a homeowners claim from the CO fire tonight Posted: 31 Dec 2021 12:59 AM PST Hey all. I used to be a P&C actuary (ok, fine, 2 exams left) but I've been out of the industry for 9 years. My close friend lives in Louisville, CO and had to evacuate tonight. Based on the reported burn perimeter as of late this evening [here](https://napsg.maps.arcgis.com/apps/webappviewer/index.html?id=6dc469279760492d802c7ba6db45ff0e&extent=-11721027.3986%2C4852341.7727%2C-11699472.1566%2C4865985.7822%2C102100) his house is just barely inside the red area, so he'll probably find out tomorrow the extent of the damage but at the moment the range of possible outcomes is quite large. (He and family all evacuated safely.) I want to be able to help him through the process and this sub generally is highly knowledgeable, so I have a few questions in advance. My biggest question is how companies have been handling TIV increases since the pandemic started because both market values an RC's have gone up so sharply. So many homes have gone up in value 20-30% or more since the pandemic started that I can easily imagine people running into less than 80% insurance to value. Has that become more common lately? How are companies generally handling that? Also if it does end up being a total loss, at what point in the process will they determine the ITV factor (and can it be arbitrated at all)? He bought the place for I think ~850 in 2018 and the nearby comps on Zillow from 2021 look to be in the 1.25m range, which is a 50% jump. I'm also genuinely very concerned about the possibility that it could be an out and out total loss, particularly since the fire department likely couldn't respond if it had caught. My parents have had a couple of 5-figure homeowners claims in their day, but the total fire loss scenario strikes me as infinitely more complex from a claims/claimant perspective, so I'm wondering if anyone has general advice for how to handle that situation and what to be aware of at the outset? Thanks so much in advance for your help. This sub is very high-quality so I appreciate it. ETA: fwiw his carrier is Safeco, in case their HO large loss strategy is noteworthy for any reason. [link] [comments] |
| Car probably totaled on x-mas. Posted: 31 Dec 2021 06:34 AM PST I have 19 honda civic ex that got t boned on x-mas. Probably totaled. The other party is insured. My question is concerning the getting what my car is worth in the current market from the settlement. Can I expect to get the full value of what comparison cars are selling for currently? [link] [comments] |
| Posted: 31 Dec 2021 10:08 AM PST I don't know how I did this, but I seem to have been looking at the wrong string of numbers on the insurance card for a whole year (they have his member ID and my member ID on two lines on the card.) We haven't had any rejected claims or issues with coverage. Is there anything we need to do? [link] [comments] |
| Posted: 31 Dec 2021 09:24 AM PST Every year my college requires student to opt out of the student health insurance plan or get charged $2000 for the year. I waived the insurance for the past three years but missed the deadline this year back in August. I'm already on an expensive insurance plan and have no way of paying this too. The school says its part of the "requirements" for enrolling but I don't see how that binds me to pay anything even with a waiver form deadline. Any help is appreciated. [link] [comments] |
| While working on a residential claim the insurer did more/different damage to my house. What next? Posted: 31 Dec 2021 04:09 AM PST My municipality recently did water work and ended up making some mistakes that flooded my home and a neighbor's home. While the insurance people were on site to install fans and dehumidifiers they laid rubber carpets all around my house except at 10 foot gap in my finished basement to access my utility room where the flooding happened. It's winter here and they were walking around with their boots on. Ultimately they left tons of water from snow on my laminate floor causing a section to swell and blister that is 6" by 2". It's very obvious and right in the middle of my room. Additionally, the same people scratched my freshly painted ceiling passing their humidity tester and moisture meter. I literally have an invoice showing I paid a contractor to paint this 3 weeks ago. What happens in this case? Will they make me open a new claim? Will these damages somehow affecting my future premiums? With 20k+ covid cases and being immunocompromised I really don't feel like emptying my 1000 sq ft basement, living in boxes and exposing myself to lackadaisical mask wearing contractors. Will my insurer "force me" to accept them doing repairs (e.g. replace my entire floor), or will/can they offer me financial compensation for the damages caused by their staff that is unassociated to the claim? My goal would be to redo the floor once we hit sprint/summer and cases counts reduce. Edit: I immediately notified the insurance the same day and provided pictures of the damages [link] [comments] |
| Car insurance question related to unnamed drivers Posted: 30 Dec 2021 11:18 PM PST I am driving long distance in the US in my dad's car. If my dad is starting to fall asleep at the wheel am I able to drive? Will his car still be covered and allow me to drive his vehicle despite me not being named on his insurance? I do not drive his vehicles ever, and it would be with his permission. [link] [comments] |
| Car stolen from front of my house! Geico Posted: 31 Dec 2021 08:04 AM PST My moms car got stolen from our driveway. She turns her car on to warm it up, went to front of the house to grab a box to put in her trunk and someone hopped in and drove off. Happened in less than 2 min. In MA it's against the law to leave a car running. Is this going to considered negligence? Will geico cover this? Such a BS way to end the new year. The theft agent won't return from vacation till Monday 😡 [link] [comments] |
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