re: Need help haggling with liberty mutual after a hail storm (Long) - iwyLSUiwy shoutout pg 2

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the fun part is ahead of you....Liberity mutual will write the first partial check to both you and your mortgage company. the mortgage company will not release the check till a contractor bill is presented. The second check for the depreciation amount will also be written to you and the mortgage company. Mortgage company will not release the second check till you get the contractor to sign a lien release....but but but.. what rational contractor would sign a release prior to payment. So you get to source payment out of your own funds to get contractor to sign off for mortgage company. Thats how texas works.. been there done that.

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It is kind of like that, but not 100%. It will vary by lender and amount of claim.

In my case in Texas -
- Insurance (USAA) came out and did inspection and provided estimate.

- Week later Check minus depreciation and deductible arrived in mail from Insurance.

- Uploaded to bank insurance estimate and name of roofing company. No contractor signature or bill required. If over $50,000, lender would require it.

- Went to bank branch with approval email and we both endorsed check. They have to see you sign it.

- Work was started by contractor, upon completion they were presented with first check. You work with a reputable roofing company, initial payment will be paid at a completion interval or completion, not up-front.

- Contractor then presented bill with remaining money owed, which would be the recoverable depreciation. Sent that to insurance and they released the remaining funds. No lender signature was required on this check, as the total project was under $50,000. Endorsed check and gave it to roofer.

The only money from my account was deductible. This is my second roof and it is a simple process, if you do not try to cheat and use real roofing companies that are local to your area.