Comments on: I Got a Golden Letter

By: Michael Homan

Michael Homan — Tue, 15 Jan 2008 02:13:26 +0000

Obviously you had at least $82,000 damage. Plus I know you’ve paid more than that. I would certainly check their figures, and officially contest their findings.

By: mikesmiley

mikesmiley — Mon, 14 Jan 2008 15:17:01 +0000

Oh, I forgot to mention it’s a rental so my proceeds were all structure. My contents were negligible.

By: mikesmiley

mikesmiley — Mon, 14 Jan 2008 15:13:41 +0000

I have a split level house similar to yours in Broadmoor. Our flood insurance settlement was $55k.

By: mominem

mominem — Sun, 13 Jan 2008 06:34:33 +0000

I’ve had the same experience, however I’m still contesting their determination because their cost estimate is well below market value for construction costs.

It appears to me that if your value was ore than 50% then you got $125/per square foot. If it was below 50% you get about $0 /per square foot.

It is as irrational aas most of the rest of the process.

I hope at least you contest their estimate of the cost of repairs, even if its only sending in the form, since as of January 1, I hear you are entitled to a written response, ssomething we have not yet recieved.

So far we have not gotten any ‘formal’ response to our (multiple) objections.