Insurance Claim

Something unusual happened today. While opening my mail I was surprised when from one envelope, out fell a cheque for $500. Unbelievable. It was from my Insurance Company, responding to a claim for the fee I had paid to an engineer relating to his inspection, and the report that he had put together regarding the condition of my home. We did this on our own bat, after getting impatient while waiting for officialdom to respond. More to the point, our question is, ‘Can I remain in my home safely?’ I didn’t think they would look at paying me out for this service at all. I said my last letter that I wrote to my sister. ‘Now, I truly believe that there is a tooth fairy, and Santa Claus’. I have other claims pending, and thank goodness I’m getting help putting them all together.

We, no I should say Hillary has been hunting to find prices to submit further claims, relative to the more expensive broken items. Easy you say, but not when many of the broken and damaged items have been collected over a lifetime. A lot too, have been given to my wife and self as gifts, some even as wedding presents dating back to more than some sixty years ago. How do you put a value on those items? The Grandfather Clock, most of the jewellers don’t even want to know about it. They say they have containers full, ‘around the back’ to look at.

I had considered moving, possibly to a Retirement Village over recent years, I had looked too at the home where Laura is receiving her Nursing care. But at the time I didn’t wish to sell the family home. But I would if I had to. With my present financial position, I need an income stream to keep Laura in care. This is costing us $3250 per month, I have also discovered that now I do need a little assistance to live alone, I can’t manage to do everything on my own.

We are lucky with Laura in that we pay a monthly rental for her unit. There are traps that have surfaced recently for some of our elderly, especially those who purchased a ‘licence to occupy’, for a lump sum in a retirement village. It would seem that the case of one large home which sadly, was amongst those destroyed. One woman purchased her unit, fourteen years ago. The principals have now indicated that they only wish to pay her out, on the valuation they made fourteen years ago, less of course the 20% or 30% claw back arrangement, These conditions would of course be in her contract. So she can look to receiving a very meagre payout. This sum will not enable her to buy anything at all when she moves on. This information is only what I’m able to glean from the media, and the people who are looking at assisting her, One article released in the press this week said, ‘We are endeavouring to get a peek, to see if the principals of the Home had increased their insurance cover, I will take a bet on that they did, and bringing the property up to today’s valuation’. This will have more than doubled or even more over that period. They would also like to know how much the Earthquake Commission are paying out for each unit. I’m certain it won’t be at the fourteen year old valuation either. So they will have no problem in rebuilding,

But unfortunately it will be a different story for some of the former residents. Most being pensioners will not have enough in investments, to buy into another unit. The homes operators won’t be mentioning this kind of treatment in their glossy advertisements, to seek prospective clients, when they rebuild. This situation will need to be looked at, so that the buyer is protected as well.

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