I Don't Want To Set The World On Fire

[Semicolon]

Why only $43k?

Because the house was built about 1964.  The theory is that the homeowner shouldn't be enriched for the use they've had the house for, like car insurance.  They do cover the increased value due to real estate prices in determining the maximum amount to be paid.  We paid less than $60,000 including the land. So $43,000 isn't unreasonable, just an unpleasant surprise.   

We never thought to buy increased (non-depreciated) coverage.   

I think they're giving you a lowball offer to see if you'll accept it.

[Queen Victoria]

Why only $43k?

Because the house was built about 1964.  The theory is that the homeowner shouldn't be enriched for the use they've had the house for, like car insurance.  They do cover the increased value due to real estate prices in determining the maximum amount to be paid.  We paid less than $60,000 including the land. So $43,000 isn't unreasonable, just an unpleasant surprise.   

We never thought to buy increased (non-depreciated) coverage.   

I think they're giving you a lowball offer to see if you'll accept it.

See my update to Odeon's post.

[Semicolon]

Why only $43k?

Because the house was built about 1964.  The theory is that the homeowner shouldn't be enriched for the use they've had the house for, like car insurance.  They do cover the increased value due to real estate prices in determining the maximum amount to be paid.  We paid less than $60,000 including the land. So $43,000 isn't unreasonable, just an unpleasant surprise.   

We never thought to buy increased (non-depreciated) coverage.   

I think they're giving you a lowball offer to see if you'll accept it.

See my update to Odeon's post.

I understand the reasoning behind it.

[Pyraxis]

There is a special circle of hell reserved for insurance policymakers.

[Queen Victoria]

I called the insurance adjuster with some questions about the building and contents claims.  The wording in the letter on the building claim confused us.  The $43,000 check is a starting point.  If the actual repair cost is more, they will cover it up to $85,000.  We will still not be able to do upgrades (granite countertops), but then we live in a blue collar starter home neighborhood, and upgrades are not our style.

 

[Semicolon]

I called the insurance adjuster with some questions about the building and contents claims.  The wording in the letter on the building claim confused us.  The $43,000 check is a starting point.  If the actual repair cost is more, they will cover it up to $85,000.  We will still not be able to do upgrades (granite countertops), but then we live in a blue collar starter home neighborhood, and upgrades are not our style.

 

Double check your policy to make sure, just in case they change their minds later. But .

[Pyraxis]

Oh, wow. That is awesome.

[odeon]

Oh, that's good news. I'm glad.

['andersom']

Good to read that.

[Queen Victoria]

I GOT A DOOR.  I GOT A DOOR.  I'M OVER THE MOON.  IT'S GORGEOUS.  DID I MENTION I GOT A DOOR?

I stopped by the house to feed the cat and saw that they had removed the sliding glass door to the patio from the dining room.  And they put in an exterior door with glass in the top just like I wanted.  They will put in a window where the stationary part was and build a solid wall below.  It gives us more usable wall space with a sensible door/window configuration  for hurricane protection.

I got a Door!!!!!

[Icequeen]

I GOT A DOOR.  I GOT A DOOR.  I'M OVER THE MOON.  IT'S GORGEOUS.  DID I MENTION I GOT A DOOR?

I stopped by the house to feed the cat and saw that they had removed the sliding glass door to the patio from the dining room.  And they put in an exterior door with glass in the top just like I wanted.  They will put in a window where the stationary part was and build a solid wall below.  It gives us more usable wall space with a sensible door/window configuration  for hurricane protection.

I got a Door!!!!!

  Awesome.

I have a serious love-hate relationship with my sliding doors. Love the light they let in, seldom ever use them since the invasion of the stinkbugs in this area 5+ years ago...no doing away with them though since they lead to the balcony on the top floor.

Nasty little buggers get in the tracks and pour down on you like rain every time you open the doors. Neighbors all have the same problem. Spraying the tracks only repels them for a very short time period...like maybe two days if you're lucky.

[odeon]

Happy for you.

[sg1008]

I GOT A DOOR.  I GOT A DOOR.  I'M OVER THE MOON.  IT'S GORGEOUS.  DID I MENTION I GOT A DOOR?

I stopped by the house to feed the cat and saw that they had removed the sliding glass door to the patio from the dining room.  And they put in an exterior door with glass in the top just like I wanted.  They will put in a window where the stationary part was and build a solid wall below.  It gives us more usable wall space with a sensible door/window configuration  for hurricane protection.

I got a Door!!!!!

  Awesome.

I have a serious love-hate relationship with my sliding doors. Love the light they let in, seldom ever use them since the invasion of the stinkbugs in this area 5+ years ago...no doing away with them though since they lead to the balcony on the top floor.

Nasty little buggers get in the tracks and pour down on you like rain every time you open the doors. Neighbors all have the same problem. Spraying the tracks only repels them for a very short time period...like maybe two days if you're lucky.

Stink bugs are invading all over the country...at least 3 new species to the continent...I think its a sign.