The problem with the new bill is that it then places a huge monkey on the back of a policyholder. Specifically, if you, as a homeowner, want to dispute the findings of the original engineering firm, you can hire your own expert. Even if your expert does more advance testing, provides a more cohesive explanation for the damage, the insurance company gets the benefit of the doubt.
Once the engineering firm completes itâ€™s evaluation and presents this report, the insurance company may do two things: (1) do the repairs themselves (which rarely happens â€“ called the â€œelection to repairâ€), or (2) wait for you to get bids from contractors. Getting to your question, then, you are entitled to select a contractor, who will then act upon the specific recommendations made by the engineering firm retained by the insurance company.
In a story that developed about three months ago, Trapnell Elementary was closed due to unstable soil conditions believed to be sinkhole related. The Tampa Tribune is reporting that the students will return to their own campus April 19. Crews hired by the district pumped grout underground to fill the void.
If you are the owner of property near a repaired sinkhole, you should conduct your own investigation near the home both before and after they complete the repairs. Usually, this should not be a concern if the sinkhole activity has caused only minor settlement at the original property. But, the addition of the weight and pressure of tons of concrete beneath a home pits mother nature against the homes in the area.
The issue often becomes not necessarily what their interpretation of the data is, but instead whether they have conducted sufficient testing before rendering an opinion. If they produce the test results, you can always have the data itself evaluated. Frankly, most insurance companies will get popped if they later discover that the engineering firm cut corners on the manner in which the loss was investigated.
My home has a confirmed sinkhole, which the insurance company paid to repair. However, there is no question that the value of my home, even after being fixed, is less than it was before my claim. Can I get paid from the insurance company for the loss of value? This is a hotly contested issue,…
Does my insurance just cover the cost of repairing the house, or does it also cover the cost to fix the sinkhole? gre argument essay If you have the standard sinkhole coverage, sinkhole insurance covers the cost to stabilize the land and the foundation of the home. Additionally, the insurance company must pay you the…