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We had a pretty severe flood from hurricane Irene. The entire basement and two feet on the first floor had water damage. The adjuster was out and has given me a very low estimate for the damage. I live in an expensive area of nothern new Jersey (Bergen County).
Paint walls two coats – .65 a square foot
remove and replace drywall – $ 2.07 a square foot
Remove and replace sub floor – $ 6.99 a square foot

Many other low prices. Contractors are telling me that this is way too cheap. What are your thoughts? Did you have a flood claim ever? Do these rates seem low?

Feel free to contact me.
This is from a flood insurance policy with the National flood insurance program. (FEMA).

4 Thoughts on Insurance claim for flood damage?
  1. Reply
    Bill Z
    October 18, 2011 at 6:45 am

    your regular home insurance DOES NOT cover flood damage. you need separate flood insurance for that. if you do not have it, you are out of luck.

  2. Reply
    skeeter
    October 18, 2011 at 7:42 am

    have your contractor work it out with the insurance adjuster.

  3. Reply
    Dustin
    October 18, 2011 at 7:59 am

    there is WAY more to it than that. They will cover: Safety gear
    Cleaners, electrical fixtures etc.water heater, furnace and duct work….They will also cover food, hygeine, personal items etc…….
    They are almost broke so they are tryin to pinch pennies anywhere….but be stern and they will come through….eventually.
    I do not know what type of structure you are talking about, but yes those rates are way too low….Usually they estimate based on the job not per sq ft……weird

  4. Reply
    Nicholas
    October 18, 2011 at 8:03 am

    Get a good general contractor. They will negotiate a proper settlement with the insurance company and their consultation is usually free even if you decide not to use their services.

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