I will read the policy and get back to you in a day or two.
Make sure you come back to this thread and keep it going.
The language is so complicated in the policy that it is hard to understand.
Some of it is, some of it isn't.
Paying only the ACV if you choose not to rebuild is proper.
It's determining the amount of the ACV that could be problematic.
The Appraisal provision of the policy is one of the easiest to understand and goes something like this:
- If you and we fail to agree on the amount of loss, either may demand an appraisal of the loss. In this event, each party will choose a competent and impartial appraiser within 20 days after receiving a written request from the other. The two appraisers will choose an umpire. If they cannot agree upon an umpire within 15 days, you or we may request that the choice be made by a judge of a court of record in the state where the "residence premises" is located. The appraisers will separately set the amount of loss. If the appraisers submit a written report of an agreement to us, the amount agreed upon will be the amount of loss. If they fail to agree, they will submit their differences to the umpire. A decision agreed to by any two will set the amount of loss.
- Each party will:
- 1. Pay its own appraiser; and
- 2. Bear the other expenses of the appraisal and umpire equally.
i want to write a letter to the president of the company
Probably would be a waste of time as there are proper procedures and remedies like Appraisal. Any time customers wrote to the President of my company about something I did all he did was send it down the chain of command and my supervisor would have me write an explanation that went back up to the President. Then he'd write to the customer that I didn't do anything wrong.
By not using the proper remedies you just risk delay and futility. But that's up to you if you want to try the letter first.
I feel they are trying to get over on me.
Maybe yes, maybe no. But that's what everybody says when they don't get what they want from an insurance company.
They did not even want to pay for fencing for my lot. I had to come up with the statue to let tthem know that the city requires it.
If the fencing was not damaged then it isn't covered. If the city's requirement activated a code upgrade part of the coverage how would your insurance company know that until you showed it to them?
Also, the house was demoed. i know they appraised the property, but I would want my own appraisal. I am a realtor so I can do my own appraisal,
No, you can't. You are not an independent, unbiased third party. The insurance company would throw your appraisal right in the trash and rightly so.
I have read that it is helpful and a better way to plead my case if I can get my own professional appraiser.
It's not just helpful and better, it's the only way of presenting a credible Appraisal to the insurance company. But it's not that simple either. Under the Appraisal provision, you get an appraiser, the insurance company gets an appraiser and both submit their appraisals to an impartial umpire who makes a determination.
Can an appraiser still appraise the house if I just have inside pics (before the fire), outside pics, the tax report with all square footage, etc?
Yes, that's exactly how it works.
By the way, here's an article that explains the legal development of property adjusting: