We had significant hail storm last week where I live in SW Ohio. 2+
inch hail. Major damage to roof, gutter, windows, vinyl siding, and
rear deck.
I've talked to a couple of contractors so far, and they come with the
same pitch "Sign here, and this says we'll handle all repairs, for
whatever the insurance company pays. We'll work with the mean old
insurance company so you don't have to."
My spidey sense is tingling. Seems to me that they end up doing $25K
worth of work, and charge the insurance company $30K, and keep the
extra $5K as additional profits.
Talking to neighbors, the prices are already marked up significantly.
One lady had a roof replaced last year for $5k, not as an insurance
job, but simply time to replace an old roof. The same guy comes this
week and quotes $15K for the exact same job, because he knows it's
insurance.
I'd rather gather some estimates, get money from the ins company, then
let me sub out the work to contractors after a competitive bidding
process.
Any thoughts or advice on this topic? Are my concerns valid?
In article
> We had significant hail storm last week where I live in SW Ohio. 2+
> inch hail. Major damage to roof, gutter, windows, vinyl siding, and
> rear deck.
>
> I've talked to a couple of contractors so far, and they come with the
> same pitch "Sign here, and this says we'll handle all repairs, for
> whatever the insurance company pays. We'll work with the mean old
> insurance company so you don't have to."
>
> My spidey sense is tingling. Seems to me that they end up doing $25K
> worth of work, and charge the insurance company $30K, and keep the
> extra $5K as additional profits.
>
> Talking to neighbors, the prices are already marked up significantly.
> One lady had a roof replaced last year for $5k, not as an insurance
> job, but simply time to replace an old roof. The same guy comes this
> week and quotes $15K for the exact same job, because he knows it's
> insurance.
>
> I'd rather gather some estimates, get money from the ins company, then
> let me sub out the work to contractors after a competitive bidding
> process.
>
> Any thoughts or advice on this topic? Are my concerns valid?
Contact an independent insurance adjuster.
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> inch hail. Major damage to roof, gutter, windows, vinyl siding, and
> rear deck.
>
> I've talked to a couple of contractors so far, and they come with the
> same pitch "Sign here, and this says we'll handle all repairs, for
> whatever the insurance company pays. We'll work with the mean old
> insurance company so you don't have to."
>
> My spidey sense is tingling. Seems to me that they end up doing $25K
> worth of work, and charge the insurance company $30K, and keep the
> extra $5K as additional profits.
>
> Talking to neighbors, the prices are already marked up significantly.
> One lady had a roof replaced last year for $5k, not as an insurance
> job, but simply time to replace an old roof. The same guy comes this
> week and quotes $15K for the exact same job, because he knows it's
> insurance.
>
> I'd rather gather some estimates, get money from the ins company, then
> let me sub out the work to contractors after a competitive bidding
> process.
>
> Any thoughts or advice on this topic? Are my concerns valid?