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13 sats \ 1 reply \ @kr OP 10 Jan \ on: What % of Natural Disaster Repair Costs Do Insurers Pay? econ
I figure with these questions there is a "here's how it's supposed to work" answer and a "here's how it really works" answer, and I'm definitely more interested in the latter.
It mostly depends on the specific wording of your policy- and the ability of your insurers and their reinsurers, to pay.
READ YOUR INSURANCE POLICY.
In large claims events they may delay payment as they gather funds to settle claims.
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