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Insurance and roofing question

1,049 Views | 8 Replies | Last: 7 yr ago by lightningcat12
AW 1880
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AG
I've got my check for a new roof and From what I can tell it is more than enough to get a new roof. I've called several companies asking for a bid. They all say they can't just give me a bid and want to see my insurance estimate. In my opinion, the fact that it is an insurance claim should have nothing to do with it. The deductible has already been deducted from the amount I have. Am I calling the wrong companies or just need to keep looking?
permabull
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AG
Copp
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Say you are cash pay. Roofers know insurance companies pay way more than the actual cost to roof a house, so if they think you are making a claim they will try and milk the insurance company for every penny they can
Comeby!
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AG
They want to see what you got then take that and your deductible. If a company won't bid, move on.
blumpkin
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AG
Usually they'll quote you at what you got from insurance minus the deductible if you let them put a sign in your yard. Home improvement board had a big thread on this being insurance fraud or not. But meh.
Ol Jock 99
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AG
Head guy of the roofing company that is heavy in our old neighborhood is driving a brand new Ford F450 King Ranch.
AW 1880
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AG
Found an old family friend who runs a roofing company and he's going to give me a bid. We were talking ballpark numbers on the going rate on roofing and his costs for labor on an average roof have gone from $40 per square before the spring storms to $90-100 per square. I'll update this thread as I get quotes if anyone is interested.
aggielostinETX
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AG
quote:
Found an old family friend who runs a roofing company and he's going to give me a bid. We were talking ballpark numbers on the going rate on roofing and his costs for labor on an average roof have gone from $40 per square before the spring storms to $90-100 per square. I'll update this thread as I get quotes if anyone is interested.
you can also wait a bit till business slows back down...
DadAG10
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quote:
Usually they'll quote you at what you got from insurance minus the deductible if you let them put a sign in your yard. Home improvement board had a big thread on this being insurance fraud or not. But meh.
It is, meh or not.

I would guess if insurance payout is enough to get a roof even without the deductible, then we won't be seeing threads about underpayment from same insurance companies.

lightningcat12
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If they withheld depreciation I would let them see the paperwork. Because you still have to invoice the insurance company to obtain the depreciation. They may also catch something that some new adjuster missed, that you have no clue about.

example: insurance company says roof is worth $10,000, deductible is $3,000, depreciated $3,000

The first check you receive should be $4,000, if you take bids and choose a bid at $9,000 then the insurance company is only going to send you up to $6,000, and you still have to pay your $3,000 deductible. The insurance company is not going to give you an extra grand to take a vacation.

If you let the companies see your paperwork, check your paperwork and do it for the RCV well then you can maximize your deductible. Your roofing company may even upgrade you.

According to the law it is your obligation to pay the deductible so you might as well get the bang for the buck. Take this opportunity to choose the contractor you like, and have that company double check the insurance representatives paperwork. There are a lot of shotty roofers, and a lot of shotty adjusters out there, so choose one you trust and have him look over the paperwork with you.

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