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re: Isnurance company denied my roof hail damage claim. Options?

Posted on 5/4/24 at 11:39 am to
Posted by Tiger Prawn
Member since Dec 2016
21967 posts
Posted on 5/4/24 at 11:39 am to
quote:

The SF adjuster told me they wouldn't give me replacement money for the fence because it was older than 3 years old. I said so I need to replace my fence every 3 years to be fully covered? Insurance sucks.
”Other Structures” (like a fence) are usually covered for actual cash value (aka depreciated value) because they have short life expectancy compared to the actual house. Thats not unique to State Farm
Posted by wickowick
Head of Island
Member since Dec 2006
45821 posts
Posted on 5/4/24 at 11:58 am to
quote:

”Other Structures” (like a fence) are usually covered for actual cash value (aka depreciated value) because they have short life expectancy compared to the actual house. Thats not unique to State Farm


Yea, on almost all HO3 policies in Louisiana, a non-building structure (a building structure is typically defined in the policy as having a roof and walls) is paid out on an actual cash value basis. A repair is not typically deprecated but a replacement is, this is why a repair typically puts more money in the insured's pocket than a replacement even though the homeowner gets pissed that they are getting a repair and not a replacement.
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