Storage and inventory fees for contents after homeowners insuranc

[Paul Deras]

I am working with a PA after a large house fire caused pro 5 (asbestos) contamination to our residence in Socal. We reached our contents policy limit, but when I received the check I was shocked to find well over half of the six figure contents settlement was deducted for inventory and appraisal fees and storage costs of the salvaged contents. Additionally concerning is that the home restoration is expected to take at least 6 months, potentially accruing tens of thousands more in storage costs.

Is this routine practice in the industry? How can the insured be so massively liable for costs entirely out of our control?