Marshall Fire Insurance Questions
I lost everything; shouldn’t I receive policy limits?
The insurance laws of Colorado require the policyholder to prove the amount of their loss. Whether you do it on your own or get help from a knowledgeable insurance professional is up to you.
Where do I live now?
Your homeowners policy should provide for temporary housing until your home is rebuilt or you buy a house elsewhere.
Am I fully insured or underinsured?
First of all, is the insurance company paying everything that the policy allows? Talk with your insurance agent or a public insurance adjuster to understand your policy coverages.
Do I rebuild on the same lot or buy elsewhere?
Some insurance policies allow you to take your settlement funds and build or buy in another location and some policies are more restrictive on how much money you can use at a different location. It depends on the policy.
What are my options?
Your policy and insurance industry laws will determine what options you have.
Should I let the insurance company prepare my claim?
Generally, the answer is “No”. It’s like having the IRS prepare your tax return. Are they going to be looking out for your best interests? If you are certain that you are under-insured and have squeezed all of the money out of your policy, there is no more you can do except sign up for help from FEMA or other local agencies.