I recently had a good amount of storm damage to my house.?ÿ The repairs will run somewhere north of 30K.?ÿ Thankfully it's all covered by my insurance.
The adjuster told me on the phone I would be receiving approximately 30% of that amount in the mail.?ÿ Cool.
Today I received 5 checks, from the same bank with the same claim number on them, with amounts ranging from $237 to $6350 or so.?ÿ None of these amounts reflect any specific item on the adjuster's estimates.?ÿ I've t tried every combination or percentage and there is no logic or sense to them.?ÿ They appear to be randomly generated amounts but they do total what the adjuster had told me.
My question is why?!
?ÿ
Efficiency?????
I'd be thinking only one of the checks was meant for you.
@paden-cash Did you try 30% of each item or major category to see if that matches up with the checks?
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Are you absolutely, positively certain he isn't a government employee disguised as an insurance adjuster?
Job security for someone at the bank. ????ÿ
I did, several different ways.?ÿ Nothing fits...not even remotely.
After thinking about it I have a theory:?ÿ There are five major accounts this insurance company uses for payment of claims.?ÿ Each one represents various major stock holdings of the company.?ÿ The check amounts vs my total each represent a specific liability each entity owes the whole...That's all I can come up with.?ÿ
Or maybe the "3" is stuck on their check-writing machine.?ÿ Someone figured out how to disperse the amount without having to print a 3...
Makes about as much sense as five checks.
Really. Retired from the GAO and went to work at an insurance company because his wife can't stand to have him around the house.?ÿ 😉
Four will bounce if yer lucks anything like mine. ?????ÿ
So the routing numbers should be the same if they came from the same bank, but are the account numbers the same on all of the checks or are there 5 different accounts the checks were drawn from?
The insurance company's accounting system should be sophisticated enough to debit the correct accounts who were liable yet issue only 1 check to the insured.
It is probably less about the ability and more about the "paper" trail.
My question is why?!
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AI
The multiple-underwriter, shared risk, theory makes the most sense to me.?ÿ
It is good to keep track of individual items.?ÿ My wife just sent separate checks for the labor her nephew is doing to seed some of her ground, and for the seed that he had put on his account.?ÿ Don't lump things together.
I had a serious amount of damage to my home and one of my vehicles after hurricane Florence. Dealing with my insurance company was worse than cleaning up after the storm. They paid out, but their accounting is horribly complicated and borderline atrocious.?ÿ
Odd.?ÿ Every insurance claim (cars only) I've ever filed paid off no questions, except for one.?ÿ Got T-boned on an arterial by a an uninsured Stop sign runner and they claimed my obviously totaled VW Bug was worthless and offered a ridiculously low quote.?ÿ It's the only time I hired an attorney and for only a few bucks he said my passenger, who broke the windshield with his head but was OK should visit clinics complaining of severe headaches, vision problems and send the bills to the insurance company.?ÿ Voila', in a few weeks the insurance company bought my car for replacement value and actually did not take possession, so I junked it but pulled the engine at the junkyard because I had 3 Vee-Dubs that used the same engine (Ghia/Bug/Van) so it was actually a payoff.
A cheap trick but sometimes you "Better Call Saul".
