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Started By
Message
WWTOTD, property claim
Posted on 2/21/18 at 12:21 pm
Posted on 2/21/18 at 12:21 pm
(no message)
This post was edited on 2/26/18 at 9:53 pm
8
Posted on 2/21/18 at 12:24 pm to bigblake
did you document your hours or just show him your bills?
Posted on 2/21/18 at 12:24 pm to bigblake
Yes
Posted on 2/21/18 at 12:25 pm to bigblake
You are not supposed to profit from Insurance
The answer is you get your invoices but you should draw something up for labor costs suck as $20.00 per hour.
The answer is you get your invoices but you should draw something up for labor costs suck as $20.00 per hour.
Posted on 2/21/18 at 12:26 pm to NYCAuburn
quote:
did you document your hours or just show him your bills
This. You MAYBE could get some labor only hours paid to you, but you would have to show documentation of your efforts.
Posted on 2/21/18 at 12:26 pm to bigblake
Should've just let the insurance company overpay the contractor.
If you get work done cheaper than adjuster's estimate, then the insurance company reaps the benefit. They aren't going to let you offset the deductible or end up pocketing money by getting work done cheaper then the adjuster estimated.
Only thing you can try to do at this point is to get paid for your labor on work you did personally.
If you get work done cheaper than adjuster's estimate, then the insurance company reaps the benefit. They aren't going to let you offset the deductible or end up pocketing money by getting work done cheaper then the adjuster estimated.
Only thing you can try to do at this point is to get paid for your labor on work you did personally.
Posted on 2/21/18 at 12:28 pm to Tiger Prawn
quote:
If you get work done cheaper than adjuster's estimate, then the insurance company reaps the benefit. They aren't going to let you offset the deductible or end up pocketing money by getting work done cheaper then the adjuster estimated.
People fail to understand this as well. they only owe for the cheaper option insured vs contractor
Posted on 2/21/18 at 12:28 pm to NYCAuburn
(no message)
This post was edited on 2/26/18 at 9:53 pm
Posted on 2/21/18 at 12:31 pm to bigblake
You can give them an invoice of your own time and labor that you spent doing the work yourself. As long as your figures are average, they should pay you for your labor.
Posted on 2/21/18 at 12:31 pm to bigblake
quote:
They now want work documentation for my hours and receipts. I did store all my receipts (only like $200) but haven't submitted hours worked.
Show good documentation of hours and a wage per hour that is fair. look up some comparables, make sure you use the word insurance when searching for rates. Contractors do get higher rates from insurance.
Posted on 2/21/18 at 12:33 pm to bigblake
Get something together documenting the hours you worked and submit it to the adjuster, then consider yourself lucky that they aren't giving you a hard time about having plumbing repairs done by someone who isn't a licensed plumber (unless you are a plumber). A lot of insurance companies want plumbing/roof/electrical repairs done by licensed contractors due to the potential of a 2nd claim caused by a DIY'er screwing up the repair.
Posted on 2/21/18 at 12:41 pm to Tiger Prawn
(no message)
This post was edited on 2/26/18 at 9:53 pm
Posted on 2/21/18 at 1:25 pm to bigblake
You are screwed. You re-mediated your own claim.
Posted on 2/21/18 at 1:32 pm to bigblake
quote:
Then the insurer sent out their general contractor for an estimate.
You should have gotten your own contractor.
quote:
I saw the estimate and saw the prices they were stating and told the insurer that I'd like to do it myself and to stop payment.
Should have gotten a contractor to write a full estimate at that point. Insurance would review and approve the amount, then you work with your contractor so he only does the items you can't or don't want to do yourself. They pay him and he reimburses you the difference.
quote:
Am i screwed?
Unless you can document $5K of work you did, yes.
Posted on 2/21/18 at 1:38 pm to bigblake
quote:
but the GC baked in $350 to have the toilet removed to paint behind the toilet. I just took off the top section myself (2 bolts and a hose).
I mean that's why it was $10,000 instead of $5,000. The GC knew the insurance company would pay it, and now you are saving them money.
They aren't going to pay you back what you saved them, they are only at absolute most if you are very lucky going to pay you for your work.
Posted on 2/21/18 at 1:43 pm to bigblake
If the company was going to cover the cost, why would you interject?
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