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Insurance companies and contractor law
Posted on 7/31/20 at 3:23 pm
Posted on 7/31/20 at 3:23 pm
If two different licensed contractors tell an insurance company the same thing and the insurance company disagrees and that they are hiring their contractor to attempt a repair the first two contractors say should not be done what are my options?
12
Posted on 7/31/20 at 3:25 pm to Strannix
Get Gordon, brah
Posted on 7/31/20 at 3:34 pm to Strannix
Whatever you do, don’t hire a lawyer or you’ll be responsible for our rising rates and may even put the lil mom and pop insurance company out of business.
Posted on 7/31/20 at 3:42 pm to Strannix
1) Accept what the insurer decides
2) Sue them, then probably end up having to accept what the insurer decides
3) Get the work you want done out of pocket
2) Sue them, then probably end up having to accept what the insurer decides
3) Get the work you want done out of pocket
This post was edited on 7/31/20 at 3:43 pm
Posted on 7/31/20 at 3:55 pm to Strannix
quote:Never heard of an insurance company hiring their own contractor to handle claim repairs because it makes them liable if the contractor they hire does a shitty job and doesn't fix the problem or won't stand behind their work if there's an issue later. What insurance company?
insurance company disagrees and that they are hiring their contractor to attempt a repair
Posted on 7/31/20 at 3:55 pm to Gravitiger
I mean obviously "their" contractor is going to agree with them.
Posted on 7/31/20 at 3:57 pm to Tiger Prawn
quote:
because it makes them liable if the contractor they hire does a shitty job and doesn't fix the problem or won't stand behind their work if there's an issue
Posted on 7/31/20 at 3:58 pm to Tiger Prawn
Neither have I. What kind of insurance are we talking about?
Posted on 7/31/20 at 4:04 pm to CaptainsWafer
Homeowners
Posted on 7/31/20 at 4:12 pm to Strannix
Hire an expert (i.e. engineer), request an expert (paid by the insurance company), hire a public adjuster, request the claim go to appraisa, or accept the insurance companies offerl. That's about the limits of your options.
This post was edited on 7/31/20 at 4:16 pm
Posted on 7/31/20 at 4:34 pm to Strannix
Probably file for appraisal if it’s a damages issue.
If it’s a coverage issue different story
If it’s a coverage issue different story
Posted on 7/31/20 at 4:40 pm to Strannix
Get your agent involved ASAP !!!
There’s probably a consent to settle clause In your contract but the insurance company only adjusts and pays fair market value to put it back together pre-claim.
Is this a demotec Carrier you have insurance with?
There’s probably a consent to settle clause In your contract but the insurance company only adjusts and pays fair market value to put it back together pre-claim.
Is this a demotec Carrier you have insurance with?
Posted on 7/31/20 at 4:41 pm to ItTakesAThief
quote:
Probably file for appraisal if it’s a damages issue.
If it’s a coverage issue different story
Most insurance companies use a similar software to what the contractors use to calculate cost.
Exceptions are sometimes a 3rd party guarantor (i.e. Home Depot guarantees the work of an independent contractor. Home depot marks up the cost for a little of their own skin and to cover the future headaches of the guaranty).
Do you know why the numbers are off?
Is it a measurement difference?
Is it a quality of material difference?
Is it a labor cost difference?
Is there some brand name between you and the actual contractor throwing additional cost?
Posted on 7/31/20 at 4:41 pm to Strannix
What is the issue. Maybe the board can tell you who is right
Posted on 8/1/20 at 5:47 am to Strannix
quote:Sure. But "they" also probably know the intricacies of your policy better than you, too. They wrote it. And like most insureds (including me), you probably never even read it.
I mean obviously "their" contractor is going to agree with them.
This post was edited on 8/1/20 at 5:49 am
Posted on 8/1/20 at 6:13 am to KemoSabe65
Haha, you think this guy has an agent? You know he went with the cheapest coverage. People are so dumb about protecting their homes. They buy the policy that is $25-50/cheaper a month and then wonder why they get screwed out of thousands.
Posted on 8/1/20 at 6:16 am to jscrims
Yeah agent is involved and it's State Farm, sorry you would assume most people on here are poors like yourself.
Posted on 8/1/20 at 6:50 am to Strannix
Is it a coverage issue or a scope of damage issue?
Posted on 8/1/20 at 7:02 am to wickowick
Scope of damage, basically the insurance company said get a professional opinion with a licensed contractor which I did, they didnt like the answer so they said get another licensed contractor and contractor must attempt to repair.
Which I did, licensed contractor said repair wasn't feasible.
So now the insurance company has hired their own general contractor who is going to sub out another licensed contractor to attempt this for the third time.
This is all over less than 4k dollars to replace the item.
I just think the insurance companies are hurting, we will have spent as much on contractors as it would have cost to fix the issue, it's like its personal for them now.
Which I did, licensed contractor said repair wasn't feasible.
So now the insurance company has hired their own general contractor who is going to sub out another licensed contractor to attempt this for the third time.
This is all over less than 4k dollars to replace the item.
I just think the insurance companies are hurting, we will have spent as much on contractors as it would have cost to fix the issue, it's like its personal for them now.
This post was edited on 8/1/20 at 7:04 am
Posted on 8/1/20 at 7:04 am to Strannix
quote:It's never personal for an insurance adjuster. They're just following the policy terms.
it's like its personal for them now.
It's personal for you now. That's what insurers rely on.
This post was edited on 8/1/20 at 7:13 am
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