Insurance claim and payment

[Ramrod]

I'm a tenant farmer who recently had a fire in one of my landlords buildings which I insure, on a farm that is awaiting a planning decision (will be granted very soon).

Have agreed amount of claim and insurance are willing to pay.

Problem is my insurance company, like I believe all insurance companies, will only pay on receipt of invoice after work is completed.

So basically to receive agreed money, I have to pay out to repair damage to a building, which the landlord doesn't want me to repair and in a few months will be levelled.

I can see that if I don't repair to receive claim, I won't have lost anything.

After 35 years of paying the premium and a genuine claim, I feel I should receive the agreed claim, irrespective of whether I repair or not.

A fair thing is a rare thing, but it feels like I'm being sh1t on from a great height.

Rant over!! Please feel free to comment

 

[goodevans]

I'm not sure that the job needs to be done before payment is true,certainly not in all instances,

 

[Exfarmer]

as far as I can gather, if the Landlord, does not require you to repair the property you have lost nothing, surely you insure Against a claim from him.
or have you lost other things in the building which are yours and you believe should be replaced?

 

[steveR]

I'm a tenant farmer who recently had a fire in one of my landlords buildings which I insure, on a farm that is awaiting a planning decision (will be granted very soon).

Have agreed amount of claim and insurance are willing to pay.

Problem is my insurance company, like I believe all insurance companies, will only pay on receipt of invoice after work is completed.

So basically to receive agreed money, I have to pay out to repair damage to a building, which the landlord doesn't want me to repair and in a few months will be levelled.

I can see that if I don't repair to receive claim, I won't have lost anything.

After 35 years of paying the premium and a genuine claim, I feel I should receive the agreed claim, irrespective of whether I repair or not.

A fair thing is a rare thing, but it feels like I'm being sh1t on from a great height.

Rant over!! Please feel free to comment

I understand your annoyance, but what have you actually lost?

The Insurance should pay to have the shed levelled and cleared in this instance??

 

[Nearly]

Clear site as above. Could cost a lot.
I've specified for one of my sheds that replacement may be at a different address.

 

[Ramrod]

as far as I can gather, if the Landlord, does not require you to repair the property you have lost nothing, surely you insure Against a claim from him.
or have you lost other things in the building which are yours and you believe should be replaced?

I understand your annoyance, but what have you actually lost?

The Insurance should pay to have the shed levelled and cleared in this instance??

Said building housed all the electrical system for irrigation, several £0000s (delta starter etc), which won't be required after planning decision, other than that, building was empty.

 

[thesilentone]

If you have no loss, what is their to claim ?

 

[bobajob]

If you don't need to claim I wouldn't, they just put future insurance premiums up........

 

[KennyO]

If you do claim your premiums will go up in the following years. So you might be better off not claiming.

 

[Exfarmer]

The only possibility of a claim is if the Landlords agent would threaten to claim for dilapidations due to the fire.
your own personal equipment in there should be fully covered

 

[Sid]

Can you charge the landlord for clearing the site for him?
Any clearance of debris should be covered under insurance?

 

[Ramrod]

The only possibility of a claim is if the Landlords agent would threaten to claim for dilapidations due to the fire.
your own personal equipment in there should be fully covered

It is covered, that’s what they want to pay me for.
But I no longer need it!

 

[Ramrod]

If you don't need to claim I wouldn't, they just put future insurance premiums up........

When planning granted there will be no farm or premium.

 

[Roger Perry]

I'm a tenant farmer who recently had a fire in one of my landlords buildings which I insure, on a farm that is awaiting a planning decision (will be granted very soon).

Have agreed amount of claim and insurance are willing to pay.

Problem is my insurance company, like I believe all insurance companies, will only pay on receipt of invoice after work is completed.

So basically to receive agreed money, I have to pay out to repair damage to a building, which the landlord doesn't want me to repair and in a few months will be levelled.

I can see that if I don't repair to receive claim, I won't have lost anything.

After 35 years of paying the premium and a genuine claim, I feel I should receive the agreed claim, irrespective of whether I repair or not.

A fair thing is a rare thing, but it feels like I'm being sh1t on from a great height.

Rant over!! Please feel free to comment

Seems there are two things going on, you have suffered an incident to a property you have insurance cover on............you make the claim for the damage, its not the insurance companies job to dictate what happens next (not in U.S. ), they are using your future plans as a cop out to not pay you.............this smacks of extortion on their part which i am pretty sure is illegal.............might pay to check with your attorney

 

[Exfarmer]

It is covered, that’s what they want to pay me for.
But I no longer need it!

Ah , now I see. Your equipment was damaged and because you have no use for it after the building is redevolped, you should still be entitled to the value of it.
if you are with NFU , I know very well since Covid they have gone completely haywire and not one person knows what the other is doing.
Have you a helpline to ring? The problem is generally Emails go to central sorting points and frequently get forgotten about if they dont end up in the right hands.
concentrating on a phone generally yields better results , even if sitting listening to endless music is very frustrating.
i have certainly had a claim drag out for 6 months this year thanks to this issue. Dont lose your rag!

 

[Mixedupfarmer]

I'm a tenant farmer who recently had a fire in one of my landlords buildings which I insure, on a farm that is awaiting a planning decision (will be granted very soon).

Have agreed amount of claim and insurance are willing to pay.

Problem is my insurance company, like I believe all insurance companies, will only pay on receipt of invoice after work is completed.

So basically to receive agreed money, I have to pay out to repair damage to a building, which the landlord doesn't want me to repair and in a few months will be levelled.

I can see that if I don't repair to receive claim, I won't have lost anything.

After 35 years of paying the premium and a genuine claim, I feel I should receive the agreed claim, irrespective of whether I repair or not.

A fair thing is a rare thing, but it feels like I'm being sh1t on from a great height.

Rant over!! Please feel free to comment

I cannot see how you could be expected to pay to replace a building before getting paid by the insurance company. It could be hundreds of thousands of pounds which most could not afford hence having insurance.

 

[Ramrod]

I cannot see how you could be expected to pay to replace a building before getting paid by the insurance company. It could be hundreds of thousands of pounds which most could not afford hence having insurance.

Insurance will pay on production of invoice.
To get invoice I have to have the work done, I wouldn’t have to pay until claim paid. Neither I nor the landlord wants the work done.
It just annoys me that I’ve insured this building and fixtures for 35 years and now can’t get recompense on the first claim, which has already been agreed and an offer to pay received.

 

[Tomr10]

I might be reading it wrong but they will pay sounds like your trying to get money for nothing. If the building was there and was getting taken down would you expect anything

 

[Ramrod]

I might be reading it wrong but they will pay sounds like your trying to get money for nothing. If the building was there and was getting taken down would you expect anything

No!
But I would expect an opportunity to remove fixtures.

 

[Roger Perry]

I might be reading it wrong but they will pay sounds like your trying to get money for nothing. If the building was there and was getting taken down would you expect anything

Yes, I would say its' irrelevant what the future plan is for the building............no business of the insurance co if the barn is surplus to requirements'..
This gentleman paid his premium over an extended period, he rightfully expects them to step up when he suffers a loss.

Trying to impose conditions after the fact smacks of dishonest dealing.