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re: Hurricane Ida damage question. Roofer asked to see the insurance estimate from my adjuster
Posted on 9/16/21 at 1:21 pm to rmnldr
Posted on 9/16/21 at 1:21 pm to rmnldr
You show him the scope of loss. If the adjuster says 15,000 plus deductible and the roofer says 10,000 plus deductible you aren't making a 5k profit. The roofer will replace what the adjuster buys. If you make the roofer go in blind then he will replace the roof. Maybe the adjuster thought the vents should be replaced, maybe a downspout, etc.
Also, there is so much work out there that 10,000 people will hand over their scope of loss and 200 won't. They are going to pass right over the ones that won't.
Also, there is so much work out there that 10,000 people will hand over their scope of loss and 200 won't. They are going to pass right over the ones that won't.
0
Posted on 9/16/21 at 1:22 pm to rmnldr
quote:
I don’t know which people to believe. Half the thread says don’t show them and half says do.
The ignorant, small-minded, pessimistic half is telling you to not show it.
The informed, confident, manly half is telling you it's no big deal.
Then of course, many of us, unlike most Louisianans, don't default to "he's trying to frick me somehow" in work requests with third parties.
Posted on 9/16/21 at 1:24 pm to Meauxjeaux
quote:
The ignorant, small-minded, pessimistic half is telling you to not show it.
a contractor is supposed to submit a bid for the work he's being asked to bid on, would be incredibly stupid and naive to show what insurance estimate is
Posted on 9/16/21 at 1:25 pm to Meauxjeaux
Follow-up:
The insurance companies use a pretty standard format/rate structure when giving their estimates.
The contractors will generally follow that.
The contractors want to maximize their sales (shocker!) and usually try to make sure the insurance company is giving the homeowner everything they homeowner is entitled to.
The insurance companies use a pretty standard format/rate structure when giving their estimates.
The contractors will generally follow that.
The contractors want to maximize their sales (shocker!) and usually try to make sure the insurance company is giving the homeowner everything they homeowner is entitled to.
Posted on 9/16/21 at 1:28 pm to Meauxjeaux
Showing the roofer the scope of the work being covered and the actually $$$estimate from the insurance company are 2 different things.
I wouldn't have a problem showing them what the insurance company is covering....but it's his job to quote the work...thats how you keep them honest.
I wouldn't have a problem showing them what the insurance company is covering....but it's his job to quote the work...thats how you keep them honest.
Posted on 9/16/21 at 1:29 pm to tgrbaitn08
quote:
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.
that is the main reason why you should show it to them.
This is your first rodeo. The roofer has ridden this bull hundreds of times. They know what they are looking for. Go with someone reputable. I'm sure you know someone who's gotten a new roof recently. ask around.
you aren't going to be pocketing money if they come in under what the insurance estimate was. Idiots telling you this or just that. There's no way to actually do that unless you know the roofer and he's on board with it, meaning he tells the insurance company he did $20k worth of work, while the estimate was $20k, and he actually only does $17k of work, so when you get that second small check from the insurance company for $5K and you're supposed to be giving that all to the roofer to pay for the remainder of the job, your pocketing $3k.
That's called insurance fraud.
Posted on 9/16/21 at 1:31 pm to TeddyPadillac
quote:
TeddyPadillac
This guy gets it...
Posted on 9/16/21 at 1:32 pm to tgrbaitn08
quote:
I wouldn't have a problem showing them what the insurance company is covering....but it's his job to quote the work...thats how you keep them honest.
sure, you can do this if you so desire when the demand isn't high.
You do this right now and the roofer will tell you "ok, i'll just go do the other 200 roofs i've got to do. good luck smartass."
They aren't dealing with dumbasses that think they are smarter than everyone else and think everyone is out to get them. They'll just move on to the next job if you're going to be a pain in the arse.
Posted on 9/16/21 at 1:32 pm to 777Tiger
quote:
a contractor is supposed to submit a bid for the work he's being asked to bid on, would be incredibly stupid and naive to show what insurance estimate is
Perfect example of
quote:
ignorant, small-minded, pessimistic
Pro tip: the contractor knows how much the insurance companies pay for all of the items in replacing a roof. He's going to hit that number.
You're not going to get insurance paying $300/square and hope your contactor tells you $200/square.
They BOTH KNOW it's $300/square already.
(note: DO NOT use the figures I just stated, they are round-number examples only. Actual market rates might bet $10,000/square for all I know right this minute. I'm not in the market for a roof replacement)
Posted on 9/16/21 at 1:33 pm to tgrbaitn08
quote:
..but it's his job to quote the work...thats how you keep them honest.
my dad was a gc, he would occasionally have subs that would approach him after the bid award trying to lowball the sub whose bid was accepted, he didn't put up with that shite
Posted on 9/16/21 at 1:34 pm to toosleaux
quote:
Is this normal practice? Or should I ask for an estimate without him seeing what insurance wants to give me?
sadly it is normal....and shockingly One of those cock suckers actually had the audacity to ask for a $5,000 cash down payment before getting started. I laughed him off my property.
Tell him to piss off though, and either give you his estimate to fix or you will wait and find another who will.
This post was edited on 9/16/21 at 1:35 pm
Posted on 9/16/21 at 1:34 pm to Meauxjeaux
quote:
Perfect example of
quote:
ignorant, small-minded, pessimistic
yeah right, grew up in the contracting bidness, baw, am a licensed contractor as well, wtf do I know?
Posted on 9/16/21 at 1:35 pm to TeddyPadillac
quote:
This is your first rodeo.
Yeah, I've never made in insurance claim
..although..I'll admit I've never made a roofing claim....yet. I'm on the fence about making one after IDA...I'm waiting on my contractor to come by and take a look before I file a claimPosted on 9/16/21 at 1:37 pm to Shexter
quote:
Insurance will give roofer half the money up front. After the roof is done, insurance will cut a check to roofer for remaining balance.
ins co doesn't pay roofer directly. they pay their insured the recoverable depreciation directly.
Posted on 9/16/21 at 1:38 pm to tgrbaitn08
quote:
Yeah, I've never made in insurance claim ..although..I'll admit I've never made a roofing claim....yet. I'm on the fence about making one after IDA...I'm waiting on my contractor to come by and take a look before I file a claim
sleazeballs come out of the woodworks after a natural disaster, a reputable roofer should accompany the insurance adjustor if possible to lobby for what work needs to be done, then submit a bid to you for what he thinks he can do the job for, he has no need to see what the insurance will allow and shouldn't even ask you for it
Posted on 9/16/21 at 1:39 pm to toosleaux
Both my brother and I went through this two years ago when experiencing a lot of hail damage in a spring storm. He dealt with a company that wanted to negotiate with the insurance company. Once my insurance adjuster came and my insurance company told me what they would pay for me to have my roof replaced, I spoke to his company along with another company, and neither of them wanted to give me a quote. Finally got a quote out of one of them which I compared to the roofer recommended by my original home builder. It was several thousand higher than the roofer that my builder recommended who simply gave me a non-nonsense quote from a satellite shot without even coming by. I can't stand wheeling and dealing so I simply went with the no-nonsense quote guy who came in about $6,000 less than what my insurance company would pay me, so I only ended up spending $1,600 out of pocket for a brand new roof as I had about a $7,000(2%) deductible. YOUR ADJUSTER IS THE MAIN DETERMINANT HERE!!
Posted on 9/16/21 at 1:42 pm to 777Tiger
quote:
ignorant, small-minded, pessimistic
yeah right, grew up in the contracting bidness, baw, am a licensed contractor as well, wtf do I know?
Did I forget to mention this applies for sellers as well as buyers?
Posted on 9/16/21 at 1:49 pm to tgrbaitn08
One of the biggest misconceptions is when a homeowner gets the adjusters estimate. Many believe they will be getting a check for that amount, but the amount on the adjusters estimate is what they are willing to pay up to.
The first check will be the depreciated amount of the existing roof, appx. half of the amount of the new roof. the second check will be for the balance of the roofing contractors final invoice. If the homeowner gets three quotes, and goes with cheapest quote, you didn't pocket any money, you only saved the insurance company a few thousand dollars.
They want you get three or more quotes, hoping you go with the lowest, to save them money, unless you got some fraud going on. There is no reason to hide the adjusters estimate from the contractor, it will actually help you.
Deductibles can be absorbed through yard signs etc. if reasonable.
The first check will be the depreciated amount of the existing roof, appx. half of the amount of the new roof. the second check will be for the balance of the roofing contractors final invoice. If the homeowner gets three quotes, and goes with cheapest quote, you didn't pocket any money, you only saved the insurance company a few thousand dollars.
They want you get three or more quotes, hoping you go with the lowest, to save them money, unless you got some fraud going on. There is no reason to hide the adjusters estimate from the contractor, it will actually help you.
Deductibles can be absorbed through yard signs etc. if reasonable.
Posted on 9/16/21 at 1:53 pm to toosleaux
Screw him
Posted on 9/16/21 at 1:55 pm to tgrbaitn08
I had one tell me the same thing. Another gave me an estimate already. Told the first to kick rocks
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