Originally Posted by Glenn Baglo
CBC Marketplace just did a show on insurance companies and how they manage to avoid paying claims.
It can be near criminal. I know of many instances here in Calgary after the flooding where they offer WAY less than the work would cost.
On one customers basement that we had finished 18 months earlier, one cost they assessed was $175 to replace an interior door with casings and jambs. This includes material and labour to pick up and install. My cost on the solid maple shaker door slabs was $170, before markup, and this included no labour or the jambs and casings. My cost estimates for repair was 50% higher, and there is absolutely no way that the insurance company could do it for the price they gave, something is fishy there.
I could go on and on with issues I have had with insurance companies over the years. Basically, you just keep doling out money for premiums, and hope like hell you never have to use it.