Re: concerning Allan's situation

Posted by John in La on November 01, 2015 at 09:10:06 from (96.33.136.54):

In Reply to: concerning Allan's situation posted by Paul Janke on November 01, 2015 at 07:22:58:

I agree it sure sounds like no insurance but I was afraid to say anything in fear of speaking out of turn.

I can understand bringing the old truck out of moth balls because your head is spinning so fast you do not know what way to turn. He may be holding off buying a new truck with the insurance money till he can make sure he has a place to live.
As new as that truck was I got to assume he had insurance on it unless he paid cash for it.

As far as the house (mobile home for me) goes it takes a long time to get your money.
For me it was about 6 to 8 weeks to get final payment.
But talking about fixing up a old farm house out at his ranch so he will have a place to live sure sounds like he is not expecting to get a replacement house.
Even with a house to tear down and rebuild (several months) the insurance would be paying the motel bill all the while.

Time line for my case.
Called the insurance the day of the fire.
Was given a claim number and a list of motels that would take this number.
Eat out every meal and save the recites. Boy you sure get tired of eating out real fast.
At the end of each week I would meet with the adjuster and get a check for my meals minus what a average week of groceries cost and a check for the motel.
All the cloths I had to buy or things I had to replace right now came out of my pocket.

Spend every waken hour you have making a list of everything you own and the cost of each item.
Try and remember everything you have stuffed away in some unused bedroom closet off the top of you head.
Even if you remember it try and prove what grade it was or even that you had it.
If it's not on the list it does not get replaced.
Search out and find a new mobile home you are willing to take.
Go to the bank and pay the monthly note on your house that is now burnt to the ground.

Then comes the hard part.
Try; just try to replace 1/2 of what you had with the depreciated value they give you.

I got lucky. I had full replacement cost.
If I bought a $500 washer I got $500 even though my old one had depreciated to $300.
No money changes hands till a recite is given with a full log of what you bought.
So with out a credit card or a nice nest egg in the bank you are still sol even if you have insurance.

I would not wish a house fire on my worst enemy even if he had very good insurance.

My advise to everyone.
Get a credit card even if you never use it.
And price full replacement cost upgrade for your home insurance.

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