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Facebook Twitter Linkedin YouTube
        Toll Free Hotline
1-800-777-3333
About Us
& Personnel

Retaining NFA
Clients
Case Studies
FAQ
Commercial
& Industrial

Governmental
& Institutional

Residential
& Condo

Articles &
Presentations

Misc

NFA home
1-800-777-3333
Facebook Twitter Linkedin YouTube
About Us
& Personnel

Retaining NFA
Clients
Case Studies
Commercial
& Industrial

Governmental
& Institutional

Residential
& Condo

Articles &
Presentations

FAQ
Misc


Governmental & Institutional
Frequently Asked Questions


Typical Questions That Arise After Suffering a Loss


 

Establishing the proper Replacement Cost for the building

Replacement cost means, how much it would cost for you to replace the item today that was damaged, with like, kind and quality. But, what if you cannot replace an item that was damaged (ie. Historic buildings, antiques, items that are no longer in production)? How is a monetary value determined for those items?

 

How do you establish the correct Actual Cash Value?

Actual Cash value can equal the Replacement Cost minus Depreciation…this is why determining the proper Replacement Cost is extremely important. It can also mean a "broad evidence" approach to market value, as well as other factors. A state-by-state review is important.

 

Insurance Limits and Under-insured?

Insurance limits vary greatly depending on your policy. Within a typically policy there are a number of Endorsements that may be added, that could raise your recovery limit in excess of the policy limit stated with your Declaration Page.

 

Is debris removal extra and in excess of my policy limit?

Debris removal is the necessary expense to clean-up/remove debris after a covered peril.

Depending on your policy debris removal may be included within your policy limit, or you maybe entitled to recover in excess of your policy limit. Having an knowledgeable professional review your policy and explain your coverages could be one of the best decisions you make….NFA offers this review at absolutely No Cost or obligation.

 

Do I have inflation guard?

Inflation guard is a provision that can automatically increase coverage limits periodically throughout the term of the policy. It is often computed by a specific formula.

 

Do I have Increased Code of Construction coverage, due to building codes and ordinances?

Code Coverage can be added to your policy, but is not always included within a standard insurance policy. If you suffer a loss and are now required to bring your building up to code (electrical/sprinkler system handicap access), your insurance may cover these additional costs, but limitations may apply.

 










Torch Award
Corporate Headquarters:
One NFA Park
Amherst, NY 14228-1187

Toll Free
1-800-777-3333
Phone (716) 689-7700
Fax (716) 689-7768
nfa.com
Contact Us
Ask an Expert


National Association of
Public Insurance Adjusters


Building Owners & Managers
Association Buffalo


Building Owners & Managers
Association Rochester


New York Public Adjusters Association, Inc.


Texas Association of Public Insurance Adjusters


National Emergency Management Association


Florida Association of Public Insurance Adjusters


New Jersey Public Adjuster Association


Massachusetts Association of Public Adjusters


Insurance Appraisal And Umpire Association, Inc.

Copyright © 2019, National Fire Adjustment Co., Inc., All Rights Reserved       Site Map
Corporate Headquarters:
One NFA Park
Amherst, NY 14228-1187
Toll Free 1-800-777-3333
Phone (716) 689-7700
Fax (716) 689-7768
nfa.com


Torch Award
Contact Us
Ask an Expert

National Association of
Public Insurance Adjusters


Building Owners & Managers
Association Buffalo


Building Owners & Managers
Association Rochester


New York Public Adjusters Association, Inc.


Texas Association of Public Insurance Adjusters


National Emergency Management Association


Florida Association of Public Insurance Adjusters


New Jersey Public Adjuster Association


Massachusetts Association of Public Adjusters


Insurance Appraisal And Umpire Association, Inc.

Copyright © 2019, National Fire Adjustment Co., Inc., All Rights Reserved       Site Map
Corporate Headquarters:
One NFA Park
Amherst, NY 14228-1187

Toll Free 1-800-777-3333
Phone (716) 689-7700
Fax (716) 689-7768
nfa.com


Torch Award
Contact Us
Ask an Expert

National Association of
Public Insurance Adjusters


Building Owners & Managers
Association Buffalo


Building Owners & Managers
Association Rochester


New York Public Adjusters Association, Inc.


Texas Association of Public Insurance Adjusters


National Emergency Management Association


Florida Association of Public Insurance Adjusters


New Jersey Public Adjuster Association


Massachusetts Association of Public Adjusters


Insurance Appraisal And Umpire Association, Inc.

Copyright © 2019, National Fire Adjustment Co., Inc., All Rights Reserved       Site Map