Consumers v Insurance Customers
Lawyers Investigate Insurance Companies That Refuse to Pay the Full “Actual Cash Value”
Whenever a home, a car, a business or any other property is damaged, a person instinctively calls his or her insurance agent to get started on the repairs. Many insurance policies state that the insurance company will pay the actual cash value of the damage to the property, and some insurance policies state that the insured can elect to receive either the actual cash value of the damages, or the replacement cost of the damages.
When a person chooses the actual case value of the damaged property, many insurance companies deduct an amount of money that they believe is equal to the overhead and profit of a general contractor. In many instances, the insurance company does not have a right to deduct an amount of money that they believe is equal to a contractor's costs and overhead.
If you made a claim against your insurance company for the actual cash value of damaged property and the insurance company has deducted from the amount they paid to you a percentage for the "costs and overhead of the contractor," you may have a right to demand the payment of this deducted amount.
If you believe you might qualify, please call to speak with a lawyer now at 1-866-467-1400, ext. 100, or you can make a claim on this page.
