Quote:
Originally Posted by Dion
The DRP program is supposted to pay for a full rebuild based on the construction cost per square footage. In this case the foundation has sunk and the house needs to be bulldozed and rebuilt. Based on the dollars per square footage it would come out to a bit over $153,000. The govt is only going to give them $48,000 to rebuild.
Add to the fact they haven't seen any of the money the govt says they should get and have no clue how long the appeal will take. Winter is coming and the uncertainty is causing a lot of stress. That and Ron is now cutting hair in his garage.
Forgot to add that the extended part of the house was his barber shop.
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I might be wrong but I believe commercial insurance would have covered the portion of the house that he uses for his business. It is only residential home insurance that doesn't/won't cover overland flooding. $48k/150k might be the portion that he lives in versus the business.
If he had the option to get insurance and chose not to, then, while it appears he made a financial mistake, it certainly isn't up to the Alberta Government to make him whole again.