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Started By
Message
re: Hurricane Ida damage question. Roofer asked to see the insurance estimate from my adjuster
Posted on 9/16/21 at 1:04 pm to rmnldr
Posted on 9/16/21 at 1:04 pm to rmnldr
quote:
I don’t know which people to believe. Half the thread says don’t show them and half says do.
If you’re not trying to commit insurance fraud and just want it done in a timely manner by reputable people, what do you do?
If they’re paying out ACV and withholding depreciation, you will have to submit the paid invoice to recover your withheld depreciation. If the invoice is less than the ACV plus withheld depreciation, you’re only getting the difference that makes you whole up to the invoiced amount (less deductible, obviously). This is essentially a tool used to make sure you make the repairs they’re paying you to make. The two party check (if you have a mortgage) will be another.
If they pay out full replacement cost and don’t withhold any depreciation, you could theoretically put some money in your pocket if the invoice was less than the replacement cost paid. That would in no way, shape or form be fraud.
1
Posted on 9/16/21 at 1:04 pm to tgrbaitn08
Yeah that’s insurance fraud. I’ll pay my 1,000 deductible
Posted on 9/16/21 at 1:05 pm to rmnldr
quote:
I don’t know which people to believe. Half the thread says don’t show them and half says do.
If you’re not trying to commit insurance fraud and just want it done in a timely manner by reputable people, what do you do?
If it’s your only damage there isn’t a ton of harm in giving him the estimate. He will probably make more than he would before the storm but the insurance is setting the market right now. Just how it goes.
Again, the main thing is that it will eat into other coverages (or other repairs on your dwelling). You give him $20k on at $10k job that is $10k less than you will get in other areas. This is really only a concern when approaching limits, but keep in mind your policy might be calendar year or policy year limit so if there is another storm that crashes a tree through your house and totals it, you will get $10k less to cover the repairs because you overpaid the roofer.
Posted on 9/16/21 at 1:05 pm to toosleaux
go find stouts thread and do exactly what it says
Posted on 9/16/21 at 1:06 pm to yellowfin
Disputing your adjusters estimate and/or hiring a 3rd party adjuster is not insurance fraud.
ok
quote:
I’ll pay my 1,000 deductible
ok
Posted on 9/16/21 at 1:08 pm to toosleaux
Never show the estimate to the contractor.
Posted on 9/16/21 at 1:08 pm to TeddyPadillac
I think your jumping down on the wrong person. Sounds to me like OP is a little green when it comes to dealing with insurance & contractor and is asking what is standard practice. It is better to air on the side of caution with the number of scams out there.
I agree, there is no reason for the roofer not to see the estimate. It is not uncommon for insurance companies to miss something when building the quote (whether intentional or not), and it's their jobs to keep the prices as low as possible. On the other side, it is the roofers job to replace the roof to a quality that they can stand behind. They will be the ones helping you go to bat with the insurance companies (some do it for you, some give you the info to handle yourself) to make sure you insurance properly covers all of the repairs.
If you did your homework on the roofer and trust them to fix/replace your roof; you should be able to trust them to see the insurance estimate.
I agree, there is no reason for the roofer not to see the estimate. It is not uncommon for insurance companies to miss something when building the quote (whether intentional or not), and it's their jobs to keep the prices as low as possible. On the other side, it is the roofers job to replace the roof to a quality that they can stand behind. They will be the ones helping you go to bat with the insurance companies (some do it for you, some give you the info to handle yourself) to make sure you insurance properly covers all of the repairs.
If you did your homework on the roofer and trust them to fix/replace your roof; you should be able to trust them to see the insurance estimate.
Posted on 9/16/21 at 1:08 pm to toosleaux
Never show the estimate to the contractor.
Posted on 9/16/21 at 1:08 pm to rmnldr
quote:
I don’t know which people to believe. Half the thread says don’t show them and half says do.
i can tell you who not to believe. The insurance companies.
The roofer wants to make money. He can very easily do that without you have to pay for more. He can find ways to get you more than you originally thought you could. Yes he'll make more money, but you aren't paying more. What are you expecting them to do, find things to do that will cost more and expect you to pay for it over your deductible. They aren't dumbasses. They are not going to expect you to pay a cent over your deductible b/c they know if they ask for that you'll just go to someone else, and if they are asking for that, then you know you've got a shitty contractor so go find someone else.
And no i'm not a roofer. but i've experienced it twice now.
Go with a reputable roofer and give them the insurance estimate.
Posted on 9/16/21 at 1:08 pm to toosleaux
He should provide you a quote, the end.
The insurance is not his business.
The insurance is not his business.
Posted on 9/16/21 at 1:09 pm to GeauxldMember
quote:
If they pay out full replacement cost and don’t withhold any depreciation, you could theoretically put some money in your pocket if the invoice was less than the replacement cost paid. That would in no way, shape or form be fraud.
Bingo!!
Posted on 9/16/21 at 1:10 pm to toosleaux
This is just like a frick8ng,low life,car salesman will ask you how much you owe or what you are trading in before they tell how much the product cost.
He wants to work you over. Run the motherfricker offf.
He wants to work you over. Run the motherfricker offf.
This post was edited on 9/16/21 at 1:11 pm
Posted on 9/16/21 at 1:11 pm to rmnldr
quote:Get the estimate from the roofer before you let him see what insurance adjuster had estimated. If the roofer's estimate is higher and you want them to do the job, submit the roofer's estimate to your adjuster to ask for them to review for a supplemental payment.
If you’re not trying to commit insurance fraud and just want it done in a timely manner by reputable people, what do you do?
Most insurance claims will hold back "recoverable depreciation" from the initial claim payment. Then you recoup the RD upon submitting proof of repairs with receipts to the adjuster. Ensures you do the repair work with same quality and kind of material that insurance paid you for and prevents people from submitting estimates to their adjuster from a contractor who was more expensive, then going with the cheap guy later to offset the deductible or pocket extra cash.
Posted on 9/16/21 at 1:12 pm to tgrbaitn08
quote:
Just because your insurance adjuster gave you an estimate doesnt mean that's all they will give you....you can fight their estimate.
What do you do to fight the insurance estimate? Get quotes from roofers who will state the damage is higher than the insurance claims?
Posted on 9/16/21 at 1:13 pm to Sampson
quote:
This guy gets it.
BUT BUT DONT SHOW THOSE ROOFERS ANYTHING!!!!! ITS CLASSIFIED INFO AND THEY ARE ALL SCUM!!!! ACTUALLY JUST SHOOT TO KILL WHEN THEY SHOW UP!!!
How about reviewing the quote when you get it and not just blindly follow what the roofer says. Roofing is not complicated. There are only a handful of items to consider for materials cost and the calculations for plywood (if needed), underlayment, shingles, drip edge, and gutters are fricking simple. Then everything else is removal of old roof and labor. If you don't know anything about basic construction, let your husband deal with the contractor.
Posted on 9/16/21 at 1:13 pm to toosleaux
“Or should I ask for an estimate first....”
They don’t call you
“Toosleaux” for nuthin
Posted on 9/16/21 at 1:13 pm to toosleaux
Common, no reason not to show it. The roofers and adjusters are all working off the same Xactimate software. The roofer wants to make sure the adjuster included all the components needed to do the job.
Posted on 9/16/21 at 1:15 pm to toosleaux
quote:
Is this normal practice? Or should I ask for an estimate without him seeing what insurance wants to give me?
Have him give you his estimate then you can compare the two. Then you know if you need to fight with your insurance or not.
That’s how I’ve done it in the past.
Posted on 9/16/21 at 1:16 pm to Chrome
quote:
What do you do to fight the insurance estimate? Get quotes from roofers who will state the damage is higher than the insurance claims?
Sometimes insurance adjusters miss things...if you can show them what they missed here and there and underestimated the cost of repairs they can revise the claim settlement.
Posted on 9/16/21 at 1:18 pm to Steadyhands
quote:
There are only a handful of items to consider for materials cost and the calculations for plywood (if needed), underlayment, shingles, drip edge, and gutters are fricking simple.
yeah real simple.
there's only 1 underlayment to choose from, and one type of shingle to choose from and one type of gutter to choose from. They all cost the same amount, just pick whatever.
I'm sure everyone is an expert in roofing construction and knows exactly what they are looking at on the insurance adjustment so they can effectively tell the contractor exactly what is being covered.
If you're that paranoid about it, then make a copy of the estimate and black out the price, that way the contractor can actually do his job right and know exactly what he's being asked to do.
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