SoCal 2007 Wildfire Roadmap to Recovery: Legal Issues Revisited…Bad Faith, Insurance Code Section 2051.5(c) (Replace vs. R...
Mark your calendar for upcoming Roadmap to Recovery meetings… <ul><li>Thursday, July 17:   (1)  Interfacing with an HOA af...
Additional Support Resources from United Policyholders to Help You Navigate the Catastrophic Property Loss Recovery Proces...
Videos  of Roadmap to Recovery Meetings Now Available… <ul><li>Previous Rancho Bernardo Roadmap to Recovery meetings  may ...
United Policyholders Website
Previous Roadmap to Recovery Meetings Now Available… <ul><li>Previous Rancho Bernardo Roadmap to Recovery meetings may now...
Thank you to the following for making the online viewing possible… <ul><li>Rancho Bernardo Community Presbyterian Church <...
The Fine Print… <ul><li>The information provided in this program is intended  for general educational purposes only.  It s...
Going home one step at a time Celebrating along the Road Home:  Ideas and Encouragement for 2007 Fire Survivors  from Ceda...
<ul><li>Native San Diegan </li></ul><ul><li>Graduate of Georgetown University Law Center, 1983 </li></ul><ul><li>Member, A...
INSURANCE BAD FAITH By:  Charles S. LiMandri, Esq.
Three Tier Analysis: <ul><ul><li>1. Coverage </li></ul></ul><ul><ul><li>2. Bad Faith </li></ul></ul><ul><ul><li>3. Punitiv...
Coverage: 1.  Structures 2.  Personal Property 3.  Additional Living Expenses 4.  Prejudgment Interest    (Liquidated Amou...
Bad Faith Analysis: <ul><li>1.  Requires Coverage </li></ul><ul><li>2.  Not Mere Mistakes </li></ul><ul><li>3.  Unreasonab...
Bad Faith Damages: <ul><li>1. Attorneys’ Fees </li></ul><ul><li>2. Emotional Distress </li></ul><ul><li>3. Punitive Damage...
Punitive Damages: <ul><li>1.  Malice </li></ul><ul><li>2.  Oppression </li></ul><ul><li>3.  Fraud </li></ul><ul><li>4.  Am...
Examples of Bad Faith: <ul><li>1. Overly restrictive interpretation of policy </li></ul><ul><li>2. Wrongful denial of poli...
STANDARDS FOR ADJUSTING CLAIM: <ul><li>1.   Respond to written inquires in writing within   15 days </li></ul><ul><li>2.  ...
Duties Owed By Insurer: <ul><li>1.   Good faith and fair dealing </li></ul><ul><li>2.   Prompt response to claim </li></ul...
Insurer Defenses: <ul><li>1. Contractual limitations period (tolling) </li></ul><ul><li>2. Statute of limitations  </li></...
Appraisal: <ul><li>1. Not required in disasters </li></ul><ul><li>2. Determination of actual cash value </li></ul><ul><li>...
Claim Related Documents: <ul><ul><li>1.  Repair and replacement estimates and bids </li></ul></ul><ul><li>2.   Appraisals ...
Advice to Insureds: <ul><li>1.  Be truthful </li></ul><ul><li>2.   Don’t overstate damages </li></ul><ul><li>3.   Be court...
Litigation With Insurer: <ul><li>1. Duty of good faith and fair dealing continues </li></ul><ul><li>2. Low-ball settlement...
Closing : <ul><li>Thank you. </li></ul><ul><li>Law Offices of Charles S. LiMandri, APC </li></ul><ul><li>Website:  www.lim...
<ul><li>PROFILE FOR CHARLES S. LiMANDRI </li></ul><ul><li>Charles S. LiMandri is a native San Diegan who has been represen...
 
Roadmap to Recovery: June 26 th , 2008 Follow the green (brick road):  We’re in California, not Oz  Amy Bach, Esq.  www.un...
Q:  I don’t want to rebuild.  I want to max out my insurance benefits and buy elsewhere.  What should I do?   <ul><li>A:  ...
Q:   But  my  insurer says I only get paid replacement cost if I rebuild… <ul><li>A:  That’s not true.   Under California ...
CA. law offers a special protection for those who want to buy, not rebuild after losing a home: <ul><li>  Ins. Code  §  20...
United Policyholders’ view: <ul><li>It is our understanding that this section requires insurers to pay RC policyholders  a...
It can’t be that simple…right? <ul><li>Right.  This is a new, untested law </li></ul><ul><li>Insurance companies are takin...
What did the CDI opinion say? <ul><li>Extended RC provisions apply even if you buy, not rebuild </li></ul><ul><li>You can’...
Can my insurer deduct the value of the land @ the new location? <ul><li>If your insurer has put wording in your policy tha...
Are there any other arguments I can make to convince my insurer to commit to pay my full RC benefits so I can replace my h...
What does the word “replacement” mean on Planet Earth”?  <ul><li>“A person or thing that takes the place of another” Sourc...
What Does &quot;Replacement Cost&quot; Mean on Planet Insurance Industry? <ul><li>REPLACEMENT COST INSURANCE: DEFINITION  ...
Underinsurance is a challenging problem and there is no “one size fits all” solution <ul><li>It is such a common problem a...
2007 UP/RBUnited/RMHL Wildfire Claim Status Survey results: <ul><li>After 8 months, 46% of those surveyed had received a d...
2007 UP/RBUnited/RMHL Wildfire Claim Status Survey results: <ul><li>Less than 22% of respondents got the list of reimbursa...
Other notable results: <ul><li>The survey contradicts industry claims that nearly 90% of the Fall 2007 disaster claims wer...
Other notable results: <ul><li>The most common reason given for not complaining to the CDI was that the homeowner is still...
Underinsurance RX “to do” recap: <ul><li>Network with others insured with your same company </li></ul><ul><li>Visit “Under...
CDI Consumer Hotline:  800-927-HELP
Our heartfelt thanks to: <ul><li>The Rancho Bernardo Community Presbyterian Church </li></ul><ul><li>David Shalinsky/Janis...
Mark your calendar for upcoming Roadmap to Recovery meetings… <ul><li>Thursday, July 17:   (1)  Interfacing with an HOA af...
<ul><li>Break Out Sessions </li></ul><ul><ul><li>State Farm : Dormer West </li></ul></ul><ul><ul><li>Farmers :  Skylight W...
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R2R Meeting 16 ppt

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June 26, 2008

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R2R Meeting 16 ppt

  1. 1. SoCal 2007 Wildfire Roadmap to Recovery: Legal Issues Revisited…Bad Faith, Insurance Code Section 2051.5(c) (Replace vs. Rebuild) and Underinsurance Meeting 16: June 26, 2008 Rancho Bernardo Community Presbyterian Church www.unitedpolicyholders.org Karen Reimus [email_address]
  2. 2. Mark your calendar for upcoming Roadmap to Recovery meetings… <ul><li>Thursday, July 17:   (1) Interfacing with an HOA after a total loss; (2) City of San Diego Code Upgrade Update </li></ul><ul><li>Thursday, July 31: Integrating fire-resistant technology/techniques into your rebuild </li></ul><ul><li>August - Insurance interest group meetings only </li></ul><ul><ul><li>Thursday, August 14 </li></ul></ul><ul><ul><li>Thursday, August 28 </li></ul></ul><ul><li>Thursday, September 11: Pre-1 st Year Fire Anniversary Legal Issues </li></ul>
  3. 3. Additional Support Resources from United Policyholders to Help You Navigate the Catastrophic Property Loss Recovery Process: <ul><li>Disaster Recovery Mentor Program </li></ul><ul><li>Previous catastrophic loss survivors are available to provide emotional support and “real-life” insight about recovering from a catastrophic property loss. For more information, e-mail Karen Reimus at karen@unitedpolicyholders.org ; </li></ul><ul><li>“ Survivor to Survivor” Listserve </li></ul><ul><li>A restricted listserve for ‘07 Firestorm Survivors only. It provides a convenient means of sharing valuable information with others who are similarly situated. For more information, e-mail Karen Reimus at karen@unitedpolicyholders.org ; </li></ul><ul><li>“ Ask An Expert” On-line Forum </li></ul><ul><li>A restricted on-line forum where 2007 Firestorm Survivors can easily obtain answers to disaster recovery-related questions from experts in the field. Forum participants can direct questions to: 1) an attorney, 2) a claims handling professional, or 3) a previous catastrophic loss survivor. For more information, e-mail Emily Cabril at emily@unitedpolicyholders.org. </li></ul>
  4. 4. Videos of Roadmap to Recovery Meetings Now Available… <ul><li>Previous Rancho Bernardo Roadmap to Recovery meetings may now be viewed as videos at the United Policyholders website </li></ul><ul><li>To view previous meetings, go to www.unitedpolicyholders.org .  On the homepage, at the top left corner.  It says, &quot;'Roadmap to Recovery' </li></ul><ul><li>Watch and listen to live videos&quot;.  Click on that verbage and you will be directed to a page that lists the previous Roadmap to Recovery meetings </li></ul><ul><li>From there, simply click on the meeting date/topic that you want to view.  Download time for the videos varies depending on computer and internet connection </li></ul>
  5. 5. United Policyholders Website
  6. 6. Previous Roadmap to Recovery Meetings Now Available… <ul><li>Previous Rancho Bernardo Roadmap to Recovery meetings may now be viewed from the United Policyholders website;  </li></ul><ul><li>To view previous meetings, go to www.unitedpolicyholders.org .  Once on the homepage, look at the top left corner.  It says, &quot;'Roadmap to Recovery' Watch and listen to live videos&quot;.  Click on that verbage and you will be directed to a page that lists the previous Roadmap to Recovery meetings; </li></ul><ul><li>From there, you simply click on the meeting date/topic that you want to view.  Download time for the videos will vary depending on your computer and internet connection. </li></ul>
  7. 7. Thank you to the following for making the online viewing possible… <ul><li>Rancho Bernardo Community Presbyterian Church </li></ul><ul><ul><li>Jann Hoff </li></ul></ul><ul><li>TV Magic, Inc. </li></ul><ul><ul><li>Stephen Rosen (2003 Cedar Fire Survivor – Scripps Ranch) </li></ul></ul><ul><ul><li>Scott Richison </li></ul></ul><ul><li>   United Policyholders Staff </li></ul><ul><ul><li>Amy Bach, Executive Director </li></ul></ul><ul><ul><li>Stefanay Allen, Dragoon Studios </li></ul></ul><ul><li>The Fire Relief Biotech Recovery Fund of the San Diego Regional Disaster Fund </li></ul><ul><li>The California Community Foundation </li></ul>
  8. 8. The Fine Print… <ul><li>The information provided in this program is intended for general educational purposes only. It should not be construed as legal advice. </li></ul><ul><li>The speakers at today’s program are volunteering their time as educators. </li></ul><ul><li>Neither United Policyholders nor the Rancho Bernardo Community Presbyterian Church endorse or warrant the quality or services of any volunteer speakers. </li></ul>
  9. 9. Going home one step at a time Celebrating along the Road Home: Ideas and Encouragement for 2007 Fire Survivors from Cedar Fire Survivors, United Policyholders, and RBCPC NEW PAMPHLET Jan Rasmussen, RB United will distribute
  10. 10. <ul><li>Native San Diegan </li></ul><ul><li>Graduate of Georgetown University Law Center, 1983 </li></ul><ul><li>Member, American Board of Trial Advocates, National Board of Trial Advocacy, District of Columbia Bar and U.S. Supreme Court Bar. </li></ul><ul><li>Authored several articles on insurance coverage </li></ul><ul><li>Has lectured to insurance professionals and attorneys locally, nationally, and internationally </li></ul><ul><li>Successfully prosecuted and defended numerous civil cases in State and Federal court, including fire loss claims. </li></ul><ul><li>Firm includes a licensed architect/attorney specializing in construction related cases. </li></ul><ul><li>The firm has handled hundreds of insurance coverage and bad faith claims. </li></ul><ul><li>Firm is located in Rancho Santa Fe, California, http://www.limandri.com </li></ul>CHARLES S. LiMANDRI
  11. 11. INSURANCE BAD FAITH By: Charles S. LiMandri, Esq.
  12. 12. Three Tier Analysis: <ul><ul><li>1. Coverage </li></ul></ul><ul><ul><li>2. Bad Faith </li></ul></ul><ul><ul><li>3. Punitive Damages </li></ul></ul>
  13. 13. Coverage: 1. Structures 2. Personal Property 3. Additional Living Expenses 4. Prejudgment Interest (Liquidated Amounts)
  14. 14. Bad Faith Analysis: <ul><li>1. Requires Coverage </li></ul><ul><li>2. Not Mere Mistakes </li></ul><ul><li>3. Unreasonable Conduct </li></ul><ul><li>4. Not Genuine Dispute </li></ul>
  15. 15. Bad Faith Damages: <ul><li>1. Attorneys’ Fees </li></ul><ul><li>2. Emotional Distress </li></ul><ul><li>3. Punitive Damages </li></ul>
  16. 16. Punitive Damages: <ul><li>1. Malice </li></ul><ul><li>2. Oppression </li></ul><ul><li>3. Fraud </li></ul><ul><li>4. Amount: 4 to 9 times Compensatory </li></ul><ul><li> Damages </li></ul>
  17. 17. Examples of Bad Faith: <ul><li>1. Overly restrictive interpretation of policy </li></ul><ul><li>2. Wrongful denial of policy benefits </li></ul><ul><li>3. Failure to fully and fairly investigate claim </li></ul><ul><li>4. Delay in paying policy benefits </li></ul><ul><li>5. Failure to pay undisputed amount due </li></ul><ul><li>6. Unreasonable demands for Proof of Claim </li></ul>
  18. 18. STANDARDS FOR ADJUSTING CLAIM: <ul><li>1. Respond to written inquires in writing within 15 days </li></ul><ul><li>2. Upon receiving Proof of Claim, accept or deny </li></ul><ul><li> claim within 40 calendar days </li></ul><ul><li>3. If claim is denied in whole or part, cite facts </li></ul><ul><li> and policy provisions applicable to denial </li></ul>
  19. 19. Duties Owed By Insurer: <ul><li>1. Good faith and fair dealing </li></ul><ul><li>2. Prompt response to claim </li></ul><ul><li>3. Use of superior knowledge of policy and damages </li></ul><ul><li>4. Seek out and offer benefits </li></ul><ul><li>5. Timely investigation, decision and payment </li></ul><ul><li>6. Willingness to keep an open mind </li></ul><ul><li>7. Willingness to reconsider </li></ul><ul><li>8. Use of independent investigators </li></ul><ul><li>9. Misrepresenting coverage </li></ul><ul><li>10. Hostile attitude and threats </li></ul>
  20. 20. Insurer Defenses: <ul><li>1. Contractual limitations period (tolling) </li></ul><ul><li>2. Statute of limitations </li></ul><ul><li>3. Effect of insured’s conduct - No comparative bad faith </li></ul><ul><li>4. Advice of counsel - Attorney as adjuster </li></ul><ul><li>5. Offer of appraisal </li></ul><ul><li>6. Settlement and release </li></ul>
  21. 21. Appraisal: <ul><li>1. Not required in disasters </li></ul><ul><li>2. Determination of actual cash value </li></ul><ul><li>3. No coverage questions </li></ul><ul><li>4. Avoidance of bad faith </li></ul><ul><li>5. Prerequisites to appraisal </li></ul><ul><li>6. Obtain claim-related documents </li></ul>
  22. 22. Claim Related Documents: <ul><ul><li>1. Repair and replacement estimates and bids </li></ul></ul><ul><li>2. Appraisals </li></ul><ul><li>3. Scopes of loss </li></ul><ul><li>4. Drawings </li></ul><ul><li>5. Plans </li></ul><ul><li>6. Reports </li></ul><ul><li>7. Third party findings on the amount of loss </li></ul><ul><li>8. Covered damages </li></ul><ul><li>9. Cost of repairs </li></ul><ul><li>10. And all other valuation, measurement, and loss adjustment calculations of the amount of loss, covered </li></ul><ul><li> damages, and cost of repairs </li></ul>
  23. 23. Advice to Insureds: <ul><li>1. Be truthful </li></ul><ul><li>2. Don’t overstate damages </li></ul><ul><li>3. Be courteous </li></ul><ul><li>4. Keep copies of all correspondence </li></ul><ul><li>5. Keep journal of all telephone calls </li></ul><ul><li>6. Do chronology of key events </li></ul>
  24. 24. Litigation With Insurer: <ul><li>1. Duty of good faith and fair dealing continues </li></ul><ul><li>2. Low-ball settlement offers </li></ul><ul><li>3. Litigation conduct privileged </li></ul><ul><li>4. Use of claim file </li></ul><ul><li>5. Use of claims manual </li></ul><ul><li>6. Juror attitudes </li></ul>
  25. 25. Closing : <ul><li>Thank you. </li></ul><ul><li>Law Offices of Charles S. LiMandri, APC </li></ul><ul><li>Website: www.limandrilaw.com </li></ul>
  26. 26. <ul><li>PROFILE FOR CHARLES S. LiMANDRI </li></ul><ul><li>Charles S. LiMandri is a native San Diegan who has been representing insurance companies and insureds in coverage and bad faith litigation since graduating from Georgetown University Law Center in 1983. He is one of a select few California attorneys who are members of both the American Board of Trial Advocates and the National Board of Trial Advocacy, as well as the District of Columbia Bar and the U.S. Supreme Court Bar. He has successfully prosecuted and defended numerous civil cases in State and Federal court, including fire loss claims. He is a member of the Board of Editors of the California Insurance Litigation Reporter and the California Tort Reporter , published by West Group. Mr. LiMandri has also authored several articles on insurance coverage issues and he has lectured to insurance professionals and attorneys locally, nationally, and internationally. His firm includes a licensed architect/attorney specializing in construction related cases. The firm has handled hundreds of insurance coverage and bad faith claims. Mr. LiMandri also represented the City of San Diego, pro bono, in the highly successful Mt. Soledad Cross litigation. His firm is located in Rancho Santa Fe, California, and can be visited at www.limandri.com. http://www.limandri.com . </li></ul>
  27. 28. Roadmap to Recovery: June 26 th , 2008 Follow the green (brick road): We’re in California, not Oz Amy Bach, Esq. www.unitedpolicyholders.org
  28. 29. Q:  I don’t want to rebuild.  I want to max out my insurance benefits and buy elsewhere.  What should I do?   <ul><li>A: Document and “prove up” the cost of rebuilding your destroyed home with one of like kind and quality, according to current building codes, via a well-prepared scope of loss and rebuilding estimate, even though you do not intend to rebuild .  </li></ul><ul><li>Try to negotiate a settlement with your insurer for the amount it would cost if – in theory – you were going to rebuild.  Ideally, you should be able to use that settlement to buy elsewhere. </li></ul>
  29. 30. Q:  But my insurer says I only get paid replacement cost if I rebuild… <ul><li>A:  That’s not true.  Under California law – if your insurer sold you a replacement cost policy, it must pay you the reasonable replacement cost of your dwelling, including amounts owing under extended replacement cost provisions/endorsements, regardless of whether you replace it by rebuilding or buying elsewhere .  </li></ul>
  30. 31. CA. law offers a special protection for those who want to buy, not rebuild after losing a home: <ul><li>  Ins. Code § 2051.5  (c) was passed after the Cedar fire: </li></ul><ul><li>In the event of a total loss of the insured structure, no policy issued or delivered in this state may contain a provision that limits or denies payment of the replacement cost in the event the insured decides to rebuild or replace the property at a location other than the insured premises. </li></ul><ul><li>However, the measure of indemnity shall be based upon the replacement cost of the insured property and shall not be based upon the cost to repair, rebuild, or replace at a location other than the insured premises. </li></ul>
  31. 32. United Policyholders’ view: <ul><li>It is our understanding that this section requires insurers to pay RC policyholders an amount equal to the full replacement cost of the original, insured, destroyed dwelling (up to policy limits, including all extended limits provide via endorsements/riders) upon reasonable proof of the policyholder’s intent to rebuild or replace their dwelling, without adjustment for lot values, realtor commissions or amounts actually spent to buy elsewhere. </li></ul>
  32. 33. It can’t be that simple…right? <ul><li>Right. This is a new, untested law </li></ul><ul><li>Insurance companies are taking differing positions on what and how they will pay those who want to buy, not rebuild </li></ul><ul><li>The CDI issued a legal opinion stating its view </li></ul><ul><li>The CDI opinion did not address the issue of land values </li></ul><ul><li>At least one insurer is saying it will not comply with the CDI opinion </li></ul><ul><li>Specifics of the law will be tested in court </li></ul><ul><li>United Policyholders has been working for over six months to help homeowners take advantage of the flexibility and protection this law offers </li></ul><ul><li>Hiring a qualified policyholder attorney may be the best option for those who want to buy not rebuild without being penalized financially </li></ul>
  33. 34. What did the CDI opinion say? <ul><li>Extended RC provisions apply even if you buy, not rebuild </li></ul><ul><li>You can’t buy a smaller/cheaper home and pocket the difference </li></ul>
  34. 35. Can my insurer deduct the value of the land @ the new location? <ul><li>If your insurer has put wording in your policy that specifically states it will deduct land value if you replace by buying elsewhere, consult with a qualified attorney to get his or her view on whether your insurer can enforce the deduction given the wording of Ins. Code 2051.5(c) </li></ul><ul><li>Argue that it’s not “unjust enrichment” to allow you to keep the old (devalued due to fire damage) lot plus a new one b/c the new home is by definition lesser than the old one b/c the new home plus a lot cost the same amount as my old house cost on its own without a lot. </li></ul>
  35. 36. Are there any other arguments I can make to convince my insurer to commit to pay my full RC benefits so I can replace my home with an existing one? <ul><li>A cash-out settlement will be in everyone’s best interest </li></ul><ul><li>The insurer’s reps unreasonably delayed payments, responding to calls, letters, etc. </li></ul><ul><li>Document in writing and review: </li></ul><ul><ul><li>Any abusive behavior by adjusters/company personnel </li></ul></ul><ul><ul><li>Lowball offers, lowball estimates </li></ul></ul><ul><ul><li>Company’s failure to advance ALE or contents funds </li></ul></ul><ul><ul><li>Any misrepresentations of policy provisions or limits </li></ul></ul><ul><ul><li>Failure to explain the process or provide necessary forms, instructions, etc. </li></ul></ul><ul><ul><li>Unreasonable requests for info/EUO/recorded statement </li></ul></ul>
  36. 37. What does the word “replacement” mean on Planet Earth”? <ul><li>“A person or thing that takes the place of another” Source: Webster’s New Universal Unabridged Dictionary </li></ul>
  37. 38. What Does &quot;Replacement Cost&quot; Mean on Planet Insurance Industry? <ul><li>REPLACEMENT COST INSURANCE: DEFINITION Insurance which replaces lost, stolen or destroyed property by paying current market prices, rather than depreciated value . www.investorwords.com </li></ul><ul><li>The term &quot;replacement cost&quot; is defined or explained in the policy. Simply stated, it means the cost to replace the property on the same premises with other property of comparable material and quality used for the same purpose. This applies unless the limit of insurance or the cost actually spent to repair or replace the damaged property is less. </li></ul><ul><li>Refer to your policy for the exact definition and explanation of replacement cost. Source: Allen Financial Group, www.egggroup.com </li></ul>
  38. 39. Underinsurance is a challenging problem and there is no “one size fits all” solution <ul><li>It is such a common problem after large- scale disasters that UP has an entire section of our website devoted to the subject.  </li></ul><ul><li>UP’s Executive Director is working closely with the CA. Ins. Comm’r and his legal team, as well as private attorneys and insurer representatives to help 2007 wildfire survivors who are underinsured. </li></ul><ul><li>UP is working to “depublish” a recent legal decision </li></ul><ul><li>Go to the &quot;Claims Tips“ section at www.uphelp.org and find &quot;Underinsurance Help“ to learn more… </li></ul>
  39. 40. 2007 UP/RBUnited/RMHL Wildfire Claim Status Survey results: <ul><li>After 8 months, 46% of those surveyed had received a dwelling claim settlement offer. Of these, one third said the offer was enough to rebuild their home. </li></ul><ul><li>75% of respondents reported that their dwellings were underinsured. The average amount of underinsurance among those surveyed was $240,000. </li></ul><ul><li>Only 18% of respondents have complained to the California Department of Insurance. </li></ul>
  40. 41. 2007 UP/RBUnited/RMHL Wildfire Claim Status Survey results: <ul><li>Less than 22% of respondents got the list of reimbursable ALE items that insurers are required by California law to provide. </li></ul><ul><li>Insurers had waived the requirement that every single destroyed item be itemized/inventoried for 25% of the respondents. </li></ul><ul><li>Underinsurance is less of a problem on personal property and temporary living expenses than on dwelling coverage. </li></ul>
  41. 42. Other notable results: <ul><li>The survey contradicts industry claims that nearly 90% of the Fall 2007 disaster claims were settled by April, 2008. Underinsurance remains a severe problem for homeowners. </li></ul><ul><ul><li>See http://www.iinc.org/articles/247/1/Majority-of-October-Fire-Insurance-Claims-Resolved/Page1.html </li></ul></ul><ul><li>Homes were insured for approx. $157 per square foot. </li></ul><ul><li>The actual cost of rebuilding is $220-$350 per SF. Survey respondents were insured for as little as $31.20 per square foot and as much as $425.34 per square foot. </li></ul>
  42. 43. Other notable results: <ul><li>The most common reason given for not complaining to the CDI was that the homeowner is still in negotiation with their insurance company. </li></ul><ul><li>Almost 25% of people who hadn’t filed a complaint believed it would do no good, would make matters worse or were afraid of angering their insurance company. </li></ul>
  43. 44. Underinsurance RX “to do” recap: <ul><li>Network with others insured with your same company </li></ul><ul><li>Visit “Underinsurance Help” at www.uphelp.org </li></ul><ul><li>Start at the “Find Help” section of www.uphelp.org to find qualified professional help </li></ul><ul><li>Pursue all avenues to get the insurance company to cooperate informally </li></ul><ul><li>If you have a strong case, use our civil justice system – it’s a cornerstone of our democratic system </li></ul><ul><li>If you do not have a strong case, pursue alternatives </li></ul><ul><li>  </li></ul>
  44. 45. CDI Consumer Hotline: 800-927-HELP
  45. 46. Our heartfelt thanks to: <ul><li>The Rancho Bernardo Community Presbyterian Church </li></ul><ul><li>David Shalinsky/Janis Rasmussen </li></ul><ul><li>All our UP Mentors and Sponsors </li></ul><ul><li>The speakers at tonight’s meeting </li></ul>
  46. 47. Mark your calendar for upcoming Roadmap to Recovery meetings… <ul><li>Thursday, July 17:   (1) Interfacing with an HOA after a total loss; (2) City of San Diego Code Upgrade Update </li></ul><ul><li>Thursday, July 31: Integrating fire-resistant technology/techniques into your rebuild </li></ul><ul><li>August - Insurance interest group meetings only </li></ul><ul><ul><li>Thursday, August 14 </li></ul></ul><ul><ul><li>Thursday, August 28 </li></ul></ul><ul><li>Thursday, September 11: Pre-1 st Year Fire Anniversary Legal Issues </li></ul>
  47. 48. <ul><li>Break Out Sessions </li></ul><ul><ul><li>State Farm : Dormer West </li></ul></ul><ul><ul><li>Farmers : Skylight West </li></ul></ul><ul><ul><li>Allstate : Upper Courtside East </li></ul></ul><ul><ul><li>USAA: Small room off lobby </li></ul></ul>

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