smokinleroy
Junior Member
What is the name of your state (only U.S. law)? TX
A wind storm destroyed our 115-year-old stained glass window last August. We have State Farm replacement cost insurance. We got an estimate to put the window back like it was for $15,000. The adjuster reviewed the estimate with the glass shop and agrees with the amount. However, since it us so old, they say they will depriciate it by 50%, meaning we get will get ~$7,500 minus the ~$2,500 deductable now, or a check for ~$5,000. We apparently can fix the window, or keep the $5,000. They will pay the other $7,500 to the glass shop after getting the final $15,000 invoice and the repairs are complete and inspected. My wife insists that we are entitled to the entire $12,500 cash, whether we fix the window or not. What are the rules in this case?
A wind storm destroyed our 115-year-old stained glass window last August. We have State Farm replacement cost insurance. We got an estimate to put the window back like it was for $15,000. The adjuster reviewed the estimate with the glass shop and agrees with the amount. However, since it us so old, they say they will depriciate it by 50%, meaning we get will get ~$7,500 minus the ~$2,500 deductable now, or a check for ~$5,000. We apparently can fix the window, or keep the $5,000. They will pay the other $7,500 to the glass shop after getting the final $15,000 invoice and the repairs are complete and inspected. My wife insists that we are entitled to the entire $12,500 cash, whether we fix the window or not. What are the rules in this case?
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