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Updated over 9 years ago on . Most recent reply

User Stats

15
Posts
5
Votes
Marc Henderson
  • Investor
  • Hartford, CT
5
Votes |
15
Posts

Fire in my SFH!

Marc Henderson
  • Investor
  • Hartford, CT
Posted

Hi All!

My SFH caught fire last month. Thankfully no one was hurt but my property. The insurance is paying for repairs, thank goodness! I live out of state, so my PM has been keeping on top of things, meeting with the fire and police representative, per the insurance company's request. The property is salvageable and can be fixed! However, I have a question now that I received the insurance company's proof of loss statement, which basically lays out how much money I will receive for repairs. My PM works for a company that has a sister company relationship that deals with repairs such as this. How should I proceed? Do I tell them how much I will be getting? Or is that setting me up for being swindled if they know in advance? This is the first time something like this has happened to me, so I am open to any advice you folks can give. My thanks!

Sincerely,

 Marc

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