State of WI.
Father lost his home due to a fire. The home was insured at $350k and had a Functional Endorsement Limit increase-125%.
The adjuster told him in an email, “if you rebuild or replace with an existing home exceeding the $350k, you can claim the additional coverage up to the $455k.”
The estimate to rebuild was very high and he would not recoup that amount if he sold so he wants to walk away. Does what the adjuster mentioned above mean he could find another home to purchase and he would get the additional coverage?
After a total loss of home due to fire, what does the adjuster mean when they say…
byu/Significant-Kale-360 inInsurance
Posted by Significant-Kale-360