will your property be put back exactly the way it was

Will your property be put back exactly the way it was prior to the loss?

Indemnity (in·dem·ni·ty) Security or protection against a loss or other financial burden.
It’s not a concept that comes up in everyday conversation. But it is the basic premise of all insurance policies. Your average homeowners, business, or property insurance policy is to bring you back to your exact financial position as the day before the loss. This is after deductibles, depreciation, and any prior policy condition that were agreed to.

In short, if you own a typical 2,500 square foot home with basic amenities and it’s destroyed, your insurance policy includes a covered loss. That’s what the insurance company owes for replacing with something of “like kind and quality.” This means that your belongings in your home will be repaired or replaced with items similar to the originals before the loss.

Insurance companies can’t replace your loss with a log cabin, and they are not required to build a Victorian mansion. If you had tile floors, they owe to replace the tile floors. Did you have oak moldings? Oak moldings should be paid for.

Like most people you may not have known or cannot remember how your home or property was constructed or the many components that go into rebuilding. Architects, permit fees, and access issues all need to be considered when valuing the replacement cost of your home or property.

You need the experts in policy and restoration practices that we at Bell Operations Systems provide. We will provide a detailed inventory and all collateral costs to make certain your property is put back the way it was in accordance with your policy and regulatory guidelines. We serve the entire northeast region, including the states of Connecticut, New York, and New Jersey, for insurance claims for policyholders.

Case Study


We are often called in when an insurance claim has reached an impasse. If you have reached this stage in your claim, there are a couple of things you should keep in mind:
No carrier can unilaterally declare an insurance claim settled by simply sending you a check.
That doesn’t mean that they won’t try to bully you into signing releases or waivers.
The Problem:
We were called in on a year-old claim that an insurance carrier deemed “concluded.” They had brought in their experts and tried to get the insured to sign off on a deeply unfair and poorly investigated claim. They were pressuring the policyholder to settle for what they were given, which would have meant that the policyholder would have to pay out of their own pocket to finish the repairs. The carrier ignored repeated requests by the policyholder to reconsider their position.

We got involved and conducted an independent investigation. We discovered the carrier had acted so badly and in such bad faith that we contacted the district claims manager and resubmitted documentation, which we carefully and thoroughly prepared for the policyholder.

We also assisted the insured preparing official complaints to the State and moved up the corporate ladder to file additional complaints with regional management.
The Result:
A win for the policyholder. We got the claim paid fairly and the adjuster was disciplined by the state Insurance Department.
READ ALL CASE STUDIES

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