If you are a homeowner or want to make some adjustments or replace your roof, there is a huge chance you have already contacted your insurance carrier. However, you may have great concerns with showing the contractor what your estimate is, and most times, the insurance company sends out an adjuster whose job is to come and assess the extent of the damage. This is where you would get an estimate for the repairs, and should I show my contractor, my insurance estimate article has a lot to teach you today.
It might start becoming a problem if the contractor starts to ask for insurance estimates, which leaves you with thoughts on if it is the right thing to show the contractor your insurance estimates. This article would help you understand why most people feel reluctant to show contractors their insurance estimates. Most people believe that doing that would turn everything around, and the contractor would get to use everything against you.
Should I Show My Contractor My Insurance Estimate
Contrary to what most people think or believe, contractors, especially roofers, are advocates for homeowners. They are very helpful to homeowners when it comes to checking out for more damages which the insurance adjuster must have missed and not included in his own estimate. You can find this in what is called the Supplementing process, and you should also know that the initial statement of work from your insurer must not be accepted immediately. There is also an option for a second and third statement of work.
A roofer or contractor has no need or reason to use that against you and most especially if you have decided to get on with the work using his company. Furthermore, we are still not taking away the possibility that a contractor will not use all of this against you though. Still, any contractor that is quick when it comes to agreeing to an insurance adjuster’s estimate while asking for a deposit something to be concerned about. However, if you do not feel at ease with such a contractor, you always have the option of getting another.
You can always get another contractor to carry out the same inspection for you, and the next question you might have on your mind right now is what happens when you eventually get another contractor who ends up finding more damages, would your insurance carrier dispute and go on to have an issue with it or not? This isn’t as difficult as it might seem because there are discrepancies between insurance carriers and homeowners regarding claims. Every homeowner would expect his insurance policy to cover all of his needs.
However, on the insurance company’s part, it is up to them to pay out a small amount on any homeowner’s claim. Picking a knowledgeable contractor is the first and right thing that needs to be done because it is only the contractor that would provide the insurance carrier with sufficient evidence and provide the homeowner with guidance during an insurance claims process. This same contractor should also identify what to look for when comparing the insurance carrier’s SOW and damages.
The goal or the bottom line of all this isn’t to fraud anyone or try to make money off anybody, but to make sure that both parties can come to a common ground or understand what is at stake. Meanwhile, one last problem we want to address is how most contractors tend to take the easy way out.
They use the estimate as a shortcut and do not verify or double-check the accuracy of the report. Failure to double-check means that you place the homeowner at risk of paying out of pocket for some damages.
Working with a contractor that supplements are the right thing to do because they would always find a way to make sure you do not pay out of your pocket for any of the damages. With all this being said, it totally rests on you if you would want to show your contractor, your insurance estimate or not.
If you truly believe in them and have also build a certain level of trust, then I don’t see the issue in showing your insurance estimate. If you doubt or do not trust your contractor, remember you can always get another to carry out the inspection.