Scary Story: Inflated Replacement Estimates

You’ve probably looked at hundreds of claims over your career and can notice when repair or replacement estimates seem higher than usual – even if you aren’t sure what they should be. That’s what happened after this claim was filed for damage sustained following Hurricane Irma.

In this edition of Scary Story, replacement cost estimates from the insured’s contractor seemed to be more expensive that what was in line with market value, and the adjuster wasn’t sure the damage was even caused by a covered peril. Fill out the form to find out if the adjuster’s suspicions were correct and how an objective third-party partner can help carriers make more accurate claim settlements.

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