Fire and Electrical Insurance Damage Claim - Q and A

Q: fire in my home was caused by surge protector installed by phone company. Their ins adjuster has made an estimate based on depreciation and ACV. However the starting cost on these items seems very low to me even before depreciation is deducted for example replacement cost of high grade carpet $3.40 per square yrd. how is the starting cost calculated and how can i insure that i am getting reimbursed properly?

A: Rhonda, before I answer your question you should know I am a licensed Public Insurance Adjuster in Florida, and I am not licensed Georgia. There are 2 things you can do to impact the settlement amount on your insurance claim: 1. You can get 3 estimates from 3 different companies for the replacement of the same type of carpet and any other work that has to get done. 2. You can go to the National Association of Public Insurance Adjusters (NAPIA) website to find a Public Adjuster in your area. Public Adjusters specialize in claims assessment and negotiation, helping their clients receive the highest settlement amount they are entitled to under the terms of their policy.