When it’s the “insurnace company’s money”, price is no object. Here’s what happend in the San Diego fires:
“Insurance settlements, coupled with savings, may allow many to build the dream home they always wanted, in a style far different from those of the houses that burned.
“I’d rather work with an architect and a contractor,” said James Paterniti, a Scripps Ranch resident whose home was destroyed.
An additional problem facing homeowners wanting to rebuild is cost. Henke (an architect) said he has heard that some of the construction cost estimates from insurance adjusters are coming in at $100 to $150 per square foot.
“When someone comes in to talk about building a house, I tell them, ‘Let’s start at $200, and then if you actually want something nice, it’ll be more,’ ”
(San Diego Union Tribune)
A reasonable person knows the value of his property – what it would cost to replace it – and has adequate opportunity around insurance renewal time to check if he is not sure. But in the short term interest of saving a few bucks, and mis-comforted by the “it’ll never happen to me” syndrome, the so-called reasonable person happily enters in to renewal for under-insured values.
So what rights have these reasonable people and their lawyers (who have more spins than a tornado) to say that it was all the fault of the insurers?
When you order and pay for a small serve you have no entitlement to the large.
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Re. Reconstruction: “Going rate $200.00 per s.f.”???
When it’s the “insurnace company’s money”, price is no object. Here’s what happend in the San Diego fires:
“Insurance settlements, coupled with savings, may allow many to build the dream home they always wanted, in a style far different from those of the houses that burned.
“I’d rather work with an architect and a contractor,” said James Paterniti, a Scripps Ranch resident whose home was destroyed.
An additional problem facing homeowners wanting to rebuild is cost. Henke (an architect) said he has heard that some of the construction cost estimates from insurance adjusters are coming in at $100 to $150 per square foot.
“When someone comes in to talk about building a house, I tell them, ‘Let’s start at $200, and then if you actually want something nice, it’ll be more,’ ”
(San Diego Union Tribune)
A reasonable person knows the value of his property – what it would cost to replace it – and has adequate opportunity around insurance renewal time to check if he is not sure. But in the short term interest of saving a few bucks, and mis-comforted by the “it’ll never happen to me” syndrome, the so-called reasonable person happily enters in to renewal for under-insured values.
So what rights have these reasonable people and their lawyers (who have more spins than a tornado) to say that it was all the fault of the insurers?
When you order and pay for a small serve you have no entitlement to the large.