BIDS/ESTIMATES: WHO’S REALLY SAVING THE MONEY?
MANY THINK THEY CAN POCKET A FEW BUCKS ON THIER INSURANCE CLAIM BY FINDING A LOWER PRICE…NOT TRUE!
Get Three Bids….. We have all heard this sage advice, but in reality this applies to a project that does not involve an insurance claim.
After your insurance company has approved your roof they will provide you with a scope of loss report that will itemize the type and quantity of each item that needs to be replaced by utilizing of a third party software program called Xactimate. Most reputable contractors also subscribe to this program as the two parties must have a standardized pricing model so as to not have disputes over pricing. Xactimate calculates the cost of materials, labor and profit for the contractor for each item that is being replaced on your home.
So ask yourself this…. if you are going to have to pay your deductible since IT’S THE LAW, and Xactimate knows the current market value for each item, do you really want to find a guy that going to do it for less? The answer is NO, you want your contractor to have all the money as needed to replace ALL of your damaged items with like kind, not with sub-par materials or labor.
Tell your contractor you want the job done right! If your contractor believes they did not pay enough ask them to supplement your insurance company for the additional funds needed. Do not allow your contractor to cut corners to save a few bucks!