Ready
Thinks s/he gets paid by the post
After 30 years of homeownership without a single claim, we had a loss. A toilet on the third floor of our home leaked, and it dripped through the second floor all the way down to the first floor. We had to remove drywall and insulation in three different rooms. It looks like the total loss is going to be about $25K.
So far we had one company come out and remove all the wet drywall and insulation. Now we are waiting for a second company to put a repair estimate together to redo everything. So we are living in a construction zone for the time being.
My biggest concern at this point is what to expect on insurance renewal. Can anyone share your experience after incurring a loss? Did your insurance go up? Did they decide not to renew? What can I expect on renewal? What could go wrong between now and the job being finished?
Our insurance carrier is Amica, btw.
So far we had one company come out and remove all the wet drywall and insulation. Now we are waiting for a second company to put a repair estimate together to redo everything. So we are living in a construction zone for the time being.
My biggest concern at this point is what to expect on insurance renewal. Can anyone share your experience after incurring a loss? Did your insurance go up? Did they decide not to renew? What can I expect on renewal? What could go wrong between now and the job being finished?
Our insurance carrier is Amica, btw.