Panama City - Hurricane Michael - Policy Limits

A Panama City Homeowner (L.C.) contacted VIP Adjusting in December of 2018 after receiving an initial payment of $31,000 from her insurance company. The property was owned by a member of the armed forces stationed across county, and at the time of Hurricane Michael, the property was being rented to a tenant.

With extensive damage to the roof and exterior, and water damage throughout the whole property, the damages were far more costly than the insurance company paid for. In addition, the property was uninhabitable and the insured lost their tenant

VIP Adjusting prepared an estimate of the damages that exceeded the policy limits and provided it to the insurance company. The insurance company scheduled an additional inspection and VIP Adjusting walked the new inspector through the property and explained the discrepancies in the estimates and the required repairs.

After some delays on the part of the insurance company, they agreed to pay the policy’s limits of 157,000, over five times the original payment!

From the time VIP Adjusting was retained to the final payment was just a little over three months for an added bonus.