I had my house insured for almost 500K until october 2014. Farmers increases the premium each year, then now wanted 3.3k. I went on pension and could not afford it. In 2010 I had finished the upgrades to the house, it was deluxe. To get the coverage up to 500k the agent included the decks etc in sq ft. otherwise they could not justify that for the 1500 sq on record. So, in october, the agent lowered the sq back to 1500 and coverage down to 270k, with the auto umbrella, that got the cost back down within reason. I went overseas and the house flooded. My GC estimates 650k to redo interior to existing. Farmers says 240k. They have a Ind. Consulting Contractor now working on new figure. My question is; Do I have a legit suit against Farmers for the underinsurance ?

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.