Final Settlement: $228,610.71
Initial Incident
While the insured was out of town, a catastrophic water loss occurred, flooding the entire home.
By the time the damage was discovered, extensive repairs were needed throughout the property, affecting flooring, walls, cabinetry, and multiple structural components.
The Insurance Company’s Response
- Conducted an initial inspection of the property.
- Estimated repairs at just $45,000.00.
- Failed to account for the full scope of damages and necessary restoration work.
- Underestimated the true cost to properly rebuild the home.
How We Helped
Coast 2 Coast Adjusters stepped in to protect the homeowner’s interests:
- Performed a detailed, comprehensive inspection.
- Documented all water damage, including hidden and secondary impacts.
- Prepared a complete and accurate rebuild estimate.
- Presented supporting documentation to justify the full scope of repairs.
- Negotiated aggressively to ensure the insured received what was required to restore the home properly.
The Final Result
Settlement Achieved: $228,610.71
What began as a $45,000 estimate was ultimately resolved for $228,610.71, allowing the homeowner to fully restore the property after the devastating loss.
Conclusion
Water losses can cause far more damage than what appears on the surface. Without proper representation, homeowners risk accepting settlements that fall far short of what is truly needed.
Coast 2 Coast Adjusters ensured this client received the full and fair compensation required to rebuild their home.
Initial Offer: $45,000.00
Final Settlement: $228,610.71
Total Increase: $183,610.71
Percentage Increase: 541.36%
