What is the name of your state? TN
My home insurance paid a "cash value" portion of a claim of interior drywall damage due to a storm. If I replace the drywall in 2 rooms, I can submit the invoice from my contractor and the insurance will pay the remaining "depreciation" amount, which is about the same amount.
For example if the total approved amount is $2000 and I already received $1000 "actual cash value" upfront and I would get another $1000 depreciation back upon completion and submission of invoice from contractor.
Say for example the contractor only replaces a smaller portion of the drywall and only charges me $200... but he gives me an invoice of $2000 that I can use to send to my insurance so that I get the full preapproved depreciation amount back. Is that illegal or fraud?
My home insurance paid a "cash value" portion of a claim of interior drywall damage due to a storm. If I replace the drywall in 2 rooms, I can submit the invoice from my contractor and the insurance will pay the remaining "depreciation" amount, which is about the same amount.
For example if the total approved amount is $2000 and I already received $1000 "actual cash value" upfront and I would get another $1000 depreciation back upon completion and submission of invoice from contractor.
Say for example the contractor only replaces a smaller portion of the drywall and only charges me $200... but he gives me an invoice of $2000 that I can use to send to my insurance so that I get the full preapproved depreciation amount back. Is that illegal or fraud?