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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 1:56 pm to TeddyPadillac
Posted on 9/16/21 at 1:56 pm to TeddyPadillac
quote:That was my thought as well but the way you phrased it has me triggered....
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.
0
Posted on 9/16/21 at 2:00 pm to Turf Taint
quote:
He should provide you a quote, the end.
The insurance is not his business.
Classic OT retard. Why do you need a quote from the roofing company up front? Any reputable insurer will request that from the roofing company that did the work before releasing the final RD check anyway. You are NOT pocketing money
Posted on 9/16/21 at 2:02 pm to TeddyPadillac
I don't disagree with you but why the need to jump all over the OP as if he said he knew better?
He clearly was seeking help on how to handle the matter.
Ease back on the roids bruh.
He clearly was seeking help on how to handle the matter.
Ease back on the roids bruh.
Posted on 9/16/21 at 2:03 pm to WigSplitta22
I'd be more concerned about getting valid certificates of insurance from roofing company from their agent. If its a legit been in business local company, not as big of a deal... but every contractor of different types is trying to dip their foot in the roofing game. Let me tell you, tons of GL policies have roofing exclusions on them. Most work comp companies don't want roofing exposures. There's a huge cost difference in work comp vs someone been in business to the "newly started" business who just got LWCC rated with a 28 dollar roofing rate. Be careful people.
Also, make sure its a Louisiana work comp company, not some work comp policy from oklahoma or texas that doesn't have LA as an added state of coverage.
Also, make sure its a Louisiana work comp company, not some work comp policy from oklahoma or texas that doesn't have LA as an added state of coverage.
This post was edited on 9/16/21 at 2:09 pm
Posted on 9/16/21 at 2:07 pm to wickowick
Oh I love these threads.
Posted on 9/16/21 at 4:17 pm to RockyMtnTigerWDE
quote:
I don't disagree with you but why the need to jump all over the OP as if he said he knew better?
I didnt' mean to be a jerk to him, more so the idiots giving him stupid advice.
Posted on 9/16/21 at 4:30 pm to toosleaux
Here's my experience after Zeta (I replaced a very steep roof on my home and also replaced the roof of my detached garage).
First off even getting someone to show up to give a quote took a while. Eventually I got three quotes. Two did not ask me for anything. One asked me to see the scope of work that the insurance adjuster came up with. I took the pages from the report, whited out the price, and gave it to him. He was fine with it.
All three came to the conclusion I needed to replace the entire roof of both structures... which was the same conclusion the adjuster came up with.
All three quotes were very close to each other and all three were about 5% less than adjuster came up with.
I picked the roofer that was reccomended to me by the most people.
They did a good job... however they said it would be a one-day job and it took two and a half days.
I think if the roofer wants to know exactly how much insurance is paying... you need to run. However, I also understand that good roofers are hard to find right now.
First off even getting someone to show up to give a quote took a while. Eventually I got three quotes. Two did not ask me for anything. One asked me to see the scope of work that the insurance adjuster came up with. I took the pages from the report, whited out the price, and gave it to him. He was fine with it.
All three came to the conclusion I needed to replace the entire roof of both structures... which was the same conclusion the adjuster came up with.
All three quotes were very close to each other and all three were about 5% less than adjuster came up with.
I picked the roofer that was reccomended to me by the most people.
They did a good job... however they said it would be a one-day job and it took two and a half days.
I think if the roofer wants to know exactly how much insurance is paying... you need to run. However, I also understand that good roofers are hard to find right now.
Posted on 9/16/21 at 4:37 pm to LSUFanHouston
make sure your contractor provides proof of Workmans comp insurance, and tax payer id. The property owner will be liable when it does not exist. Also be sure they understand that Osha might be doing safety inspection
Posted on 9/16/21 at 4:38 pm to guttata
quote:
I wouldn’t show the roofer that. Just tell the roofer to give you a price to roof your house. A friend of mine had his roof redone and adjuster estimated more than the roofer’s price and he basically ended up with a new roof and didn’t have to pay a deductible.
That's not how it works at all.
Posted on 9/16/21 at 4:39 pm to toosleaux
Appreciate the conversation. My insurer said that because a hurricane was involved they waived the depreciation process and cut me a single check for roof replacement. They did say I could come back and ask for a supplemental payment if warranted.
Now the roofer is a friend of mine and gave a quote of $18K, which for my size house is pretty damn good. Higher quality shingles and replacing stacks vs painting them. Other quotes were in the $22-24K range.
Neither party asked for estimates.
Now the insurer will cut me a check for $16K after my deductible of $7500. So it looks like Im paying $2K oop for a new roof.
Anything I am missing here?
Now the roofer is a friend of mine and gave a quote of $18K, which for my size house is pretty damn good. Higher quality shingles and replacing stacks vs painting them. Other quotes were in the $22-24K range.
Neither party asked for estimates.
Now the insurer will cut me a check for $16K after my deductible of $7500. So it looks like Im paying $2K oop for a new roof.
Anything I am missing here?
This post was edited on 9/16/21 at 6:40 pm
Posted on 9/16/21 at 5:12 pm to toosleaux
I would straight up ask him why...maybe he'll go the opposite way and try to save you some cash
Posted on 9/16/21 at 5:48 pm to 4LSU2
quote:
Exactamate is currently paying 450-475/ square for a shingled roof with a decent pitch for residential. The residential roofers are typically 350-385/ square for the removal and replacement while making a decent profit margin at this rate.
THIS.
Xactimate is the only game in town when it comes to insurance claims. Xactimate tells everyone what will be paid. It is a collaboration between insurance companies and contractors regarding price.
Posted on 9/16/21 at 6:35 pm to MTG325
quote:
he 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.
Nope, didn't happen with me. My insurance company sent me a check for the full amount that they were paying on the roof minus the deductible of 2%. So they sent me one check for appx. $17,000 which I deposited into my bank account while I waited for my roof guy to replace my roof that he had quoted me for about $18,500. Once it was replaced I called my mortgage company to let them know as they were supposed to send out an inspector to make sure it was replaced, but they decided they didn't need to come out after all.
Posted on 9/16/21 at 6:37 pm to LSUnatick
quote:
My insurer said that because a hurricane was involved they waived the depreciation process and cut me a single check for roof replacement.
That's what happened to me except it was hail damage as opposed to hurricane. Same difference on my policy as wind/hail is a 2% deductible.
Posted on 9/16/21 at 7:40 pm to ESKFreedom
USAA is the best insurance company available if you are eligible (military, former dependent). They paid 100% to replace my roof which was 25 years old at no cost to me. The roofing company waived my $500 deductible if I agreed to plant their sign in my yard for a few weeks.
Posted on 9/16/21 at 7:56 pm to toosleaux
Ask me how I know you about to get raped
Posted on 9/16/21 at 8:09 pm to Meauxjeaux
quote:
The insurance companies use a pretty standard format/rate structure when giving their estimates.
The contractors will generally follow that
It's not just a standard guide but rather the whole industry uses one piece of software called Xactimate.
quote:
The contractors want to maximize their sales (shocker!) and usually try to make sure the insurance company is giving the homeowner everything the homeowner is entitled to
Yes but also a contractor worth his salt can get everything in his bid without seeing the estimate then if something is missed the homeowner can double back to the adjuster.
That last part being said, the average homeowner will have no idea to break down an Xactimae scope to understand the differences in the contractor's estimate and the adjusters.
As far as showing it or not, I don't think you can go wrong either way you go as long as you are confident enough to break both estimates down.
Posted on 9/16/21 at 8:12 pm to tgrbaitn08
quote:
thats how you keep them honest.
Honest for what? You aren't going to make a profit on your roof and as far as saving your deductible in the days of deprecation and named storm deductibles you would have to get the contractor to aid you in committing insurance fraud to recover the depreciation.
Anytime there is a storm, the entire market shifts to the current Xactimate pricing structure.
Posted on 9/16/21 at 8:14 pm to 777Tiger
quote:
a reputable roofer should accompany the insurance adjustor if possible to lobby for what work needs to be done
Yea I agree with this and I usually try to do it.
Posted on 9/16/21 at 8:17 pm to Trevaylin
quote:
Osha might be doing safety inspection
Osha isn't showing up on random residential roof jobs. They and the licensing board enforcers are all short-handed.
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