Hi - Our Insurance company sent us a building repairs settlement amount before receiving a quote from our contractor. We also asked to delay receiving the settlement until after demo was performed. (There are questions over whether part of the structure can be saved - and we won't know the answer until after demo.) 1. Why did they rush us a settlement check? 2. If we cash the settlement check does that constitute us accepting that amount? Our adjuster indicates that he will continue to pay for repairs over the amount of the settlement check until the repairs are complete. Please advise. Thanks you, Rachel & Jeremy

About The Expert

Amy Bach

Amy Bach has been a professional advocate for insurance policyholders since 1984 and an attorney since 1989. She co-founded United Policyholders in 1991 and serves as the organization's Executive Director and primary spokesperson; shaping and overseeing the Roadmap to Recovery™, Roadmap to Preparedness, and Advocacy and Action programs. She is a nationally recognized expert on insurance claim and legal matters; frequently interviewed in print and broadcast media, and the author of numerous publications including "The Disaster Recovery Handbook", "WISE UP: The Savvy Consumer's Guide to Buying Insurance" and consumer tips and guides in the UP Claim Help Library.  Recognized by Money Magazine as a Money Hero, Bach is in her eighth consecutive term as an official consumer representative to the National Association of Insurance Commissioners, and is a member of the Federal Advisory Committee on Insurance.