Insurance Claim - Settlement

socrates

I currently have a claim for water damage - Insurers Loss Adjusters have come up with a figure of £17,500 or so for their builders to rectify the problems caused - plus any loss of rent.

I would prefer to use my own builders and am seeking a settlement by cheque.

My insurance brokers for another property have told me that I am entitled to get £17,500 as a settlement plus loss of rent.

During initial conversations with the LA his view is the cash alternative would be lower - loss of rent is not in question

i.e the £17,500 figure would be negotiated downwards.

Does anyone know where I stand?

lisyloo

Slightly off topic from your question.
But if you get a cheque and subsequently the works takes a little longer or there are minor difficulties I then suspect you would have to pay for the extra having already agreed a sum.
If their builders do the job, then presumably they continue until they have finished whatever problems they uncover or however long it takes.