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Final Settlement: $39,551.02
When a sudden water loss disrupted our client’s home, he trusted his insurance company to restore his property. Instead, their offer fell far short of the true cost to rebuild.
Initial Incident
Water damage can devastate a household and requires immediate action to restore the property. Our client filed a claim expecting full coverage for the necessary repairs to bring his home back to pre-loss condition.
The Insurance Company’s Response
The carrier grossly underpaid the claim:
- Issued a settlement of $19,022.46
- Failed to account for the full scope of repairs needed to rebuild
- Left the insured without the funds necessary to complete restoration
How Coast 2 Coast Helped
Once Coast 2 Coast was called in, we:
- Reviewed the carrier’s lowball estimate
- Prepared a comprehensive damage report and cost estimate
- Negotiated directly with the insurance company for a fair settlement
- Doubled the carrier’s original payment offer
The Final Result
Settlement Achieved: $39,551.02
This represented a 107.92% increase over the insurance company’s initial offer.
Conclusion
Water damage claims are among the most commonly underpaid by insurance companies. With Coast 2 Coast representing him, our client received a settlement that truly allowed him to restore his home.
Initial Offer: $19,022.46
Final Settlement: $39,551.02
Total Increase: $20,528.56
Percentage Increase: 107.92%
