I have heard stories about insurance companies looking for receipts before releasing further tranches of cash on a rebuild following a fire, but I don't know if they are just stories.Mine was just an innocent question..merely to know whether one had to use the funds to rebuild.
Anytime we have had clients in this situation, the insurance company usually put the rebuild to tendor and then go for the lowest bid from a reputible builder. They usually have the right to do this in their t&c's. I would think in the current environment they may be even more inclined to do this. I have heard that a lot of independent assessors working on behalf of the client have been able to optain a chq from the company (I would think this is to facilitate them getting paid, thats not to say the assessor is not worth paying for, they usually are in a big claim), but don't think this is a certainty.
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