Panama City - Hurricane Michael - $100,000 Settlement

A Panama City, Florida homeowner (N.M.) contacted VIP Adjusting after receiving an unimpressive initial payment. After suffering damage to the dwelling and other structures from a category 5 hurricane, the insurance company only paid $11,000 after withholding the deductible of $5,000 and excessive depreciation of over $6,000! That payment included a hefty amount for debris removal and downed trees on the property as well.

The insurer had essentially paid only for the replacement of the roof and nothing for the interior of the home.

VIP Adjusting documented damages to the interior and exterior of the home, with extensive photographs and videos, as well as documented damage to the owner’s personal property.

An estimate was prepared which included the roof, the exterior including the brick veneer, and interior rooms exposed to water damage. An extensive estimate was put together for a finished barn and outdoor entertaining space.

Unfortunately for the homeowner, their policy’s limits for the detached structure and outdoor entertaining space were very low (which served to absorb the deductible). After just a few months of discussion, the insurance company agreed to pay the full amount of VIP Adjusting’s estimates after the policy’s limits were applied, netting more than $100,000 for the total claim.