Legal Question in Insurance Law in Florida
Disputed Appraised Value
A Oriental rug was damaged due to a water leak that collapsed part of my ceiling. My homeowners policy paid for the repairs to the ceiling and also to have the rug cleaned. The rug was returned to me but I refused to accept it because the stained area was still noticeable. The insurance company picked up the rug and sent it out for appraisal. The company they sent it to is a general contracting firm that specializes in cleaning and restoration. They appraised the rug at $650.00. I paid $900.00 for the rug six years ago at a wholesale factory. I do not have a receipt. I disagree with the both the appraised value and with the qualifications of the firm that provided it. My insurance company is about to send me a check. Can I dispute the appraisal and how do I go about it?. Also do I have to pay for any of the costs involved in contesting this matter?.
1 Answer from Attorneys
Re: Disputed Appraised Value
Read your policy. It should include a procedure for contesting their offer. I suggest you get it appraised by an expert.
Related Questions & Answers
-
Wife sue's husband can a wife sue husband for neglence in motorvechicle operation Asked 12/08/02, 7:13 am in United States Florida Insurance Law
-
Does Insurance Company have duty to not underinsure Does insurance company have a... Asked 11/27/02, 11:19 am in United States Florida Insurance Law
-
Disability denial - should I pursue it? Tonight I saw the report on 60 Minutes about... Asked 11/18/02, 1:49 am in United States Florida Insurance Law
-
Loss of wage recovery I am under a medical doctors note to not return to work until... Asked 11/13/02, 10:41 am in United States Florida Insurance Law
-
Settlement. guestion, my brother was in auto accadent last year. he was found not at... Asked 10/23/02, 11:59 pm in United States Florida Insurance Law