Insurance Payout

MichiganCash Flow

I am having a hard time getting.the insurance company to compensate for todays lumber prices on a loss I incurred. They originally said the premium had a 10% overage but are balking at giving ke any more money.

2 replies

May 11, 2021
Difficult question. With lots of moving parts. Did you have a fixed price quote or a T&M quote and if so who bears the risk of loss. How long ago was the quotation and estimates? Did you delay at all in getting things fixed? All of those are relevant facts that may bear into the issue.
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May 11, 2021
This sounds like a contractual issue. More facts, policy provisions, would be helpful. A demand letter applying facts to law may help to demonstrate that you are serious and past the “inertia problem.” Also, insurance companies are regulated and the state licensing bureau presents another area of leverage in terms of a potential administrative complaint. Good luck.
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