Insurance - Repair or Cash?

Doityourself.com community forum was created to provide answers to all questions related to home improvement and home repair. Doityourself community can help you find information about how-to topics on small fixes to large remodeling projects. With comprehensive how-to content and expertly moderated community forums DoItYourself.com makes it easy to tackle even the most complex home improvement projects.



PDA

View Full Version : Repair or Cash?

ChrisInMD
04-01-04, 02:28 PM
I have an 80 year old executive desk with an appraised value of of $11,500. It was damaged in a fire. The insurance company has offered to cover the (extensive) repair; I'd rather have the cash. Is this possible? How do I approach them?

Mike Swearingen
04-02-04, 04:50 AM
Get professional written repair estimates, submit them to your insurance company adjuster, and they should just issue you a check for a settlement amount based on the quotes. Whether or not you use the money to have the repairs done, or not, is up to you.
Good Luck!
Mike
jagar
04-05-04, 09:04 PM
I think that would probably depend on whether you had that item specifically scheduled on your insurance policy.

ChrisInMD
04-06-04, 07:00 AM
Thanks for your help. At first, they wanted to give me a check payable to me and the repair shop, but I said I wasn't sure I wanted to use that repair place. In the end, they gave me a check payable just to me, so everything worked out.