National Fire & Marine: the denial record

To cure the circumstances giving rise to the violations described in this notice, the Insurers must promptly tender $8,069,040.94 to [name redacted] minus the applicable deductible and prior payments.

Whereas, the carrier furnished a wrongful estimate and, having withheld the deductible, offered a deficient payment in the amount of $34,500.74 only, leaving a remainder in the amount of $114,967.00 to be paid in order to cure the breach, less any applicable policy deductible.

On May 31, 2023, the Insurer sent a letter to the Insureds advising of their preliminary estimate, in which the damages to the Property totaled $25,222.52 for the dwelling and $4,512.27 for ordinance and law.

Specifically, the Insureds, with assistance from their public adjuster, submitted an estimate for $68,705.54, which was a fair and reasonable assessment for the repair/replacement of damages.

The Complainant has made repeated efforts to engage the Insurance Company regarding the lender-placed insurance policy and seek a determination of coverage, but the Insurance Company has failed to involve the Complainant in the resolution of the claim.

Baxter generated an estimate totaling over $200K, adjusting for things including but not limited to roof damage, window and fenestration damage, stucco and paint damage.

Baxter generated an estimate totaling over $200K, adjusting for things including but not limited to roof damage, window and fenestration damage, stucco and paint damage.