Originally Posted by patchoulipal
I am in Kansas and just got off the phone with my LCO and found out about 50% of their customers have received settlement offers and said offers are trickling in daily. All of the dead trees in my yard were removed by the LCO last fall already. I was told there is a "service credit" whatever that means, that will be part of the settlement for the value of that removal. He gave me the "chart of value" Dupont is basing the value of the trees here which only takes into consideration the height of the trees, not the type, which in my case were all exotic evergreens that are more expensive than your basic white pine or arborvitie. From what the LCO stated, these values are based on Dupont making agreement with tree companies to replace that size tree for that amount of money which is why they want you to use the companies they recommend in your area. If you want to hire your own people or do the work yourself, that is still the amount of money you will get. Here is the chart values, which from what LCO understands is the same values throughout the country.
5-6 ft -$230
7-8 ft -$360
9-10 ft -$520
11-12 ft -$650
13-14 ft -$930
15-16 ft -$1000
I did not go any further since I did not have any bigger than that.
Also, it is the LCO's understanding on the customers that do not accept the initial offer, all counter offers will go to the bottom of the pile and be handled AFTER all of the initial offers have gone out. Have any of you made counter offers and received correspondence of acceptance of them? This in my opinion is a forced deterent to make a counter offer since it might be another years process dealing with the counter offer.
The LCO stated of those that accepted the initial offer (70-80%) some have already received checks.
I talked to Dupont and the subject of rejections came up. I told the rep that I had heard that rejected proposals went to the bottom of the pile and were only looked at after all originals were dealt with. He stated that was not true. The rejected proposals go to a completely different group and should be dealt with promptly. I also talked to my LCO and they said they heard that it takes about 4 weeks to respond to a rejected proposal. Now I take all this with a grain of salt especially since I was once told my proposal would be here in the first quarter, and then later told it would be between May and June, and then later by end of June, and I still haven't seen it. I am told now it is in the drafting stage.
For me, it's all about getting this done and over as quickly as possible. I know that plays right into Dupont's hands, but as a retired person, I don't want this hanging on. Get it done and get it over with. If that means I don't get everything owed to me, I can live with that. That is the primary reason I don't want to lawyer, because I could see that dragging on for years. And then who knows what will come of it. I know Starbuy says it's a no brainer, but Dupont will have a team of excellent lawyers. And since their insurance will be the ones really on the hook, I am sure they will have top notch lawyers, and I have never known insurance companies to be loose with their money.