Review and Understand the Offer:

Your claims representative at CPR Claims will present the insurance company’s offer details to you, ensuring transparency and clarity:

• Structure Replacement Cost: Understand the proposed settlement for the replacement of your property’s structure, ensuring it reflects the true cost of rebuilding.

• Structure Actual Cash Value: Review the actual cash value offer to see how the insurance calculates depreciation and aligns with the replacement cost.

• Additional Structures: If applicable, review both the replacement cost and actual cash value for any other structures included in the claim.

• Debris Removal: Review the 5% debris removal offer for both the primary structure and additional structures, ensuring clean-up costs are adequately covered.

• Contents Coverage: Assess the offer regarding the replacement cost and actual cash value for your contents, ensuring all items are fairly valued.

• Contents Debris Removal: Confirm the 5% allocation for debris removal of personal contents is sufficient.

• Landscaping and Features: Review damages coverage offered for trees, shrubs, and lawns, ensuring these are in line with incurred damages.

• Code Improvements: Verify any additional coverage provided for code improvements, ensuring that repairs meet current standards and regulations.

• Additional Living Expenses: Ensure agreed additional living expenses cover the period of displacement during repairs, confirming they are sufficient and within expected timelines.

Submit and Agree:

• Structure Replacement Cost Letter: Submit a letter to the insurance company confirming agreement with the structure replacement cost, solidifying this aspect of your claim.

• Deadlines: Reach a consensus on all deadlines related to replacement costs for both the structure and contents, ensuring clarity on the timelines for completing repairs.

Make an Informed Decision:

With the terms clearly outlined, you can make an informed decision about accepting the offer. This step is about confirming that you, as the insured, are satisfied with the settlement and that it adequately covers all areas of concern identified throughout the claims process.

The acceptance phase marks a significant milestone—a transition from securing a financial settlement to focusing on the repair and rebuilding process. CPR Claims is here to support and guide you as you begin restoring your property and your peace of mind. In Part 5 of our series, we will delve into managing the repair process and ensuring compliance and quality control. Stay tuned!