Question about insurance procedures and replacement choices
Say most of a bathroom has to be replaced in an insurance claim and the value of all the components that need to be replaced is determined as $x (by both their adjuster and your repair guys).
- Is it the case usually that if you put in a replacement that cost less than $x, they don't pay you the additional value (just what you actually replace)?
- How much latitude do you have to reach $x but going cheaper on some components and more on others? (Say I found some great tile cheaper than what I had, but want a sink more expensive than what I had, and the whole project still equals $x. They don't say "you can only be reimbursed for a sink up to $a and a toilet up to $b," do they?)