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Originally Posted by dewilson58
No problem with disagreeing on ToTV.
If documentation is completed correctly, stats from NAIC show claims are paid timely.....the issues of delays with funding rests with the policyholders. I assume the information is still out there some where.
No surprise it might take a year to get back in the house. Bids & removal of old house and even concrete. Bids, approvals & construction of new. Contractors are not sitting around and able to start a project at the drop of the hat.
In other insurance threads I'm a preacher of reading policies, and recommend looking at Chubb Insurance. Couple Chubb examples: I had a "smaller" claim for $75k. Did paperwork and had a direct deposit within 72 hours with an email stating, if you need more, you have a surprise, let us know. A neighbor had a complete lightning loss. Before the neighbor completed the paperwork, Chubb sent them a check for $25k for temp living expenses. & then very positive process for the claim itself.
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Are these cases here in the Villages and fairly recent? If so, we would like to talk to these people to get some insight to help others since all we have seen is the exact opposite. Granted, insurance instantly got the remediation folks out there and gave the homeowner money to relocate and live but the whole experience to rebuild the home seemed to be arduous. I can't believe all six homes destroyed just last year had homeowners who didn't know what they were doing with their insurance but maybe. But I agree, some people are under insured and some don't have replacement value on the personal property, etc, and some want damage like the roof re-done vs repair so I agree you need to read and understand your insurance vs just going with the lowest quote. But yours and your friends experience seem to indicate it was no big deal so in your case why spend any money on a lightning protection system and even any surge protection if the insurance is going to come right in and rebuild your home quickly and with very little effort from the homeowner? It may be a plus since you can get everything new?