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Yes, you can keep the extra money you saved by finding a contractor to do the work cheaper than what the insurance company estimated. The insurance company prepared an estimate of the damage. If you could not find a contractor to do the work for what the insurance company estimated, you could ask them for more money. If they chose to pay you for the damage before it was fixed, they cannot ask for it back if you got the work done cheaper.
What else can I help you with?
Can I accept property money damages from both my contractor's insurance co and my homeowners insurance?
No!! It is highly illegal for you to do this. When you make a claim on you home insurance for something that was the fault of your contractor you sign over all subjugation rights against this contractor to your insurance company. This means that if your home insurance pays any part of this claim you give them all your rights to go after the contractor, which they will do. They will go to the contractor and their insurance company to get reimbursed for any amount they paid plus costs. In most states it is considered insurance fraud for you to even try to collect damages from two places for the same claim.
A contractor and his subcontractor are working the same job and the sub damages the contractors equipment whos insurance pays?
The contractor should make a claim upon the sub-contractors insurance and/or bond. If the sub-contractor defrauded the contractor on having insurance and/or bonding in place then he should report the contractor to the State licensing board, file claim on their insurance, and civil lawsuit (if the insurance company does not directly file or pay).
Your contractor's insurance company - damage was their fault - wants you to settle damages at depreciated value - ACV. Aren't you entitled to full replacement cost -RCV- because it wasn't your fault?
See if your insurance company will help you resolve the claim. The contractor should definitely make things right.
If you were paid by an insurance company 6 years ago to get a new roof but did not and now have a different insurance company on the same house can you make a claim on the roof with new company?
You can make a claim, but if you are claiming the same damages that is insurance fraud and it is a federal crime. If you have unrelated damages you can make a claim, or you can disclose the prior claim to your insurance carrier and they will advise you if there is any coverage that would apply.
Can I sue my neighbor for filing fraudulent claim against my home owners insurance?
It is up to the insurance company to seek damages, not you.
Can your insurance company not honor your claim for damages caused by non permitted construction?
It depends on the type of damage.
What happens if a claim is submitted after the filing limit and the member is not liable?
If a claim is submitted after the filing limit and the member is not liable, the claim may be denied by the insurance company due to the late submission. This means that the insurance company may not cover the expenses or damages associated with the claim.
If you are a victim of hit-and-run accident caused by a rental car driver can you claim the damages from this rental car company directly?
You can only claim against the rental company if the driver took out their insurance. If he has his own separate insurance, that is where you need to make the claim.
If a person has already claimed damages from the at fault drivers insurance company can that person still go ahead and sue the person at fault?
No, the insurance company when settling the claim will have you sign a waiver of damages for their insured before giving you a check.
Do receive a point on your record if you get hit by an uninsured motorist and claim the damages with your insurance company in California?
No, you will not receive a point.
What steps should I take when filing an insurance roof claim?
When filing an insurance roof claim, you should first document the damage with photos, contact your insurance company promptly, and schedule an inspection with a qualified roofing contractor. Be prepared to provide all necessary information and paperwork requested by your insurance company to support your claim.
Will your insurance company pay you a diminished value if accident is your fault?
No, if it is your fault you are not eligible to received diminished value from your insurance company. It has to be a third party claim, ie the party at fault's insurance company pays the damages if you can recover them.
