Tornado Insurance in Alabama
Before After Sunday’s (6/26/2011) Birmingham News has several well composed stories featuring homeowners in Cahaba Heights and other Alabama towns who are having difficulty obtaining enough insurance money to repair of rebuild their homes to the necessary codes and updates required by building codes in our state. Insurance companies initialize procedures to payoff insureds after a large scale loss situation. These procedures implement reduced payment formulas known as catastrophe payments. Catastrophe payments are released in the hope that the recipient will accept the amount tendered as final payment. What owners don’t understand is that the too good to be true cost per square foot construction amount they heard that their brother-in-law gets from his best buddy the builder isn’t going to come close to the expenses required to demolish, update, repair or rebuild a house with substantial damage. There are always incidentals and upgrades because of available materials and methods or con...