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Home Insurance
Hey guys, just moved to Texas from CA. Big change here is the weather. Obviously the storms out here are pretty crazy in comparison to "weather" we had in CA. Our home got hit pretty hard by a hail storm about a month ago, and had portions of our fence blown over. We had an adjuster come out last week, and said the roof (which we had done last Sept. when we bought the house) was totaled as well as the gutters. And he said we could get money for the fences as well.
We got the numbers from insurance yesterday, and they seem pretty low to me. Also, they only gave me money to fix 16 linear feet of fence, and just wash/stain the rest. My questions are as follows:
1. What amount is truly paid to me, and what is the whole process with that? Is it the amount minus depreciation minus deductible?
2. If I have to replace my whole fence due to all new fences requiring metal posts per city ordinance, should I get the amount to replace the whole fence? Also, they only gave like $12/LF to replace the fence. But a fence costs like $30ish/LF to replace. Can I ask for more?
3. What if the amount the contractor says it takes to do the job is more? Can they work this out with insurance?
These are just some of my questions of the top of my head. Any insight would be really helpful.
Thanks.
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