(Comment posted by StopFemaNow Member on 3/27/17 )
“This email was sent by me, Pat O’shea, today to Roy Wright, Sen Menendez, Congressman MacArthur and others –
To: Roy Wright
I have ask FEMA repeatedly for the following answers. My current offer after the joke of a JAMS review equals a total payout from my policy of $127,500.00 ($78,000 initial plus $49,500 subsequent).
If my house was substantially damaged and needed to be demolished WHY AM I NOT BEING PAID THE FULL $250,000 I I was insured for since 1990??????
1) If I paid for the full $250,000 for building insurance and FEMA valued my house lower, why did they never inform me that I was over insured and I could lower my coverage to save annual premiums?
2) Why was I never informed of my FEMA value till after the claim was filed?
3) Why are there 2 vastly different FEMA values?
4) How did FEMA determine the Building Values?
5) Why are significantly lower than my home state, homeowners values?
The following is a detail of my case –
Value of Building Discrepancies –
$175,881.60 – FEMA ? States actual cash value of building structure $183,210.00 less depreciation total $175.881.60.
See FEMA File Page 14 of 412
$139,239.60 -FEMA ? States actual cash value of building structure $139,239.60 less depreciation total.
See FEMA File Page 183 of 412
$241,810.00- Marshall & Swift/Boeck replacement Cost Analysis provided by New Jersey Manufacturers Insurance Company Homeowners Policy dated 7/22/2012(3 months prior to Sandy) states $241,810.00.
$257,461.00- Marshall & Swift/Boeck replacement Cost Analysis provided by New Jersey Manufacturers Insurance Company Homeowners Policy dated 7/22/2015 states $257,461.00.
$374,663.09 – State of NJ RREM Program stated total development cost
$330,561.00- Actual Building Contract Cost $330,561.00
Contract does not include permit costs,additional soil delivery, engineering report costs, soiling boring costs, other necessary items. Also, expensive luxuries such as my Woodmode custom kitchen, Woodmode paneling and window trim and carriage house roof were not replaced – too costly at this time.
Subsequent NJState RREM mandated upgrade ? Insulation $ 2,053.56
Let’s see if I get any answers!
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