I'm after a bit of advice here.
We have a washing machine worth $1,200 new; we bought it second-hand for $600 about a month ago. A part has broken and a repairman has come out and quoted $325 (parts and labor) to repair it.
Our Homeowners Insurer has stated that they will not pay. Instead, they will give us $300 toward a new machine (after we buy it and supply them with the receipt). Of course, that means we can't get a machine of the same quality as the one we have unless we shell out about a thousand bucks, which we don't have.
The terms of our policy state (in part), under 'Limitations Of Liability', that the insurer "has the sole right to determine whether a covered system is repaired, replaced, or given a cash disbursement."
Does that mean we are totally screwed? They can just say "nope" and give us whatever payout amount they like and we can do nothing?
Any advice is more than welcome. Thanks in advance.
We have a washing machine worth $1,200 new; we bought it second-hand for $600 about a month ago. A part has broken and a repairman has come out and quoted $325 (parts and labor) to repair it.
Our Homeowners Insurer has stated that they will not pay. Instead, they will give us $300 toward a new machine (after we buy it and supply them with the receipt). Of course, that means we can't get a machine of the same quality as the one we have unless we shell out about a thousand bucks, which we don't have.
The terms of our policy state (in part), under 'Limitations Of Liability', that the insurer "has the sole right to determine whether a covered system is repaired, replaced, or given a cash disbursement."
Does that mean we are totally screwed? They can just say "nope" and give us whatever payout amount they like and we can do nothing?
Any advice is more than welcome. Thanks in advance.
