Tag: Cash Settlement
Cash Settlement for Home Claims
Posted: June 15, 2021
Cash Settlement for Home Claims Replacement Cost Settlement Most of us don’t have home claims very often—but when we do, the types of coverages we have in place are important. The majority of insurance companies pay claims on a depreciated basis until the loss is repaired or replaced. Assuming 50% depreciation, a home loss of $100,000 after deductible would be paid at $50,000 up front—with...
