How does liability insurance apply to a house?
A few weeks ago a city contractor was hired to tear down the condemned building subsequent to our house. Somehow, he managed to nick our house next to his trackhoe and took out a chunk of our roof. At the time, he promised to fix it but now his insurance company is using words like "liability insurance" and "depreciation" and it almost sounds to me resembling this is going to cost US a bunch of money. We considered going through our own insurance but then our rates would go up.
This be 100% his mistake. How do we make sure that he is the one to pay for it?
Answers:
You can't kind sure he actually pays for anything.
You can sue him, but state law would vote how much he has to pay.
The safest article, is to file the claim with your insurance company, and permit them chase him down, assuming there's a lot of damage. If the prejudice is under $1,000, then you newly have to trust that his insurance will do right by you.
But if your roof was frail, and needed to be replaced ANYWAY, they don't pay as much as they would, if your roof was brand bright. THEY don't have to pay replacement attraction - legally, they only enjoy to pay actual cash utility (replacement less depreciation). They pay what it's WORTH. Only YOUR policy have to pay for replacement value, IF you own that kind of coverage.
Sue him. Tell his company that the contractor is 100% liable and you will not settle for less afterwards a new roof.
Those insurance words mean zilch to you and you will see the contractor in court. Call the local Building code enforcement office and return with an inspector out there
If you do call your insurance company their lawyer will go after the contractor and his insurance company. There will be no raise surrounded by your insurance.
Related Questions:
This be 100% his mistake. How do we make sure that he is the one to pay for it?
Answers:
You can't kind sure he actually pays for anything.
You can sue him, but state law would vote how much he has to pay.
The safest article, is to file the claim with your insurance company, and permit them chase him down, assuming there's a lot of damage. If the prejudice is under $1,000, then you newly have to trust that his insurance will do right by you.
But if your roof was frail, and needed to be replaced ANYWAY, they don't pay as much as they would, if your roof was brand bright. THEY don't have to pay replacement attraction - legally, they only enjoy to pay actual cash utility (replacement less depreciation). They pay what it's WORTH. Only YOUR policy have to pay for replacement value, IF you own that kind of coverage.
Sue him. Tell his company that the contractor is 100% liable and you will not settle for less afterwards a new roof.
Those insurance words mean zilch to you and you will see the contractor in court. Call the local Building code enforcement office and return with an inspector out there
If you do call your insurance company their lawyer will go after the contractor and his insurance company. There will be no raise surrounded by your insurance.
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