FreeAdvice.com is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.

Ask An Insurance Pro - Question and Answers

Answers to your Insurance Questions - Ask Your Question

Home Insurance Question from Aloma, Florida

Asked on 7/21/2019.   This question has received 64 views.
Insurance claim check is more than the cost of repairs . What will happen?   Property is in FL. We had a water damage claim and fixed the bathroom and the one bedroom floor that was affected. Insurance sent us a check to replace entire flooring which was not damaged which was not necessary.

Answer given on July 21, 2019


If you received a claim check that exceeds the actual cost of the repairs for your damaged home, you have a couple of options.  You can go ahead and replace the flooring that was apparently deemed to need replacement due to the water damage.  If you do not want to do that, it is recommended that you contact your insurance adjuster and advise that the flooring did not need to be replaced and you have an overpayment from them for the difference.  Ask the adjuster what you should do.  Most likely they will ask that the overage be returned to them.  It is unlikely you will be told to keep the money and it is best that you be up front about the situation.  In the event that there is future water damage and it is determined you did not replace the floor in question but kept the money an issue could arise that might adversely affect any future payments for the home.



NOTE: The IMPORTANT NOTICE below is a part of this answer!

IMPORTANT NOTICE: These answers are for general information purposes only and are provided by the person answering and FreeAdvice.com AS IS. It has not necessarily been reviewed by the management staff of FreeAdvice.com nor is it binding any insurance agent, broker, or other insurance professional or any attorney or insurance company. Insurance laws, regulations and practices vary from state to state and insurance policies and practices differ from company to company, by type of policy, by state and locality and by type of insurance. Tiny variations in the facts, policy language or a detail not set forth in a question often can change the outcome or a professional's conclusion. Although FreeAdvice.com has confirmed that the answer(s) was/were provided for the account of an experienced insurance professional, that professional may not be licensed in the state referred to in the question, and may not be experienced or up to date in the subject area. Unlike the answers provided here, upon which you should NOT rely, for personal advice you can rely upon we suggest you consult a licensed insurance professional in your area or retain a licensed attorney listed on AttorneyPages.com to represent you.