I have an insurance claim for a home project that pays out about $15k. The insurance itemization shows a 10 and 10 overhead and profit for each item, so 20 percent of that $15k goes to the restoration company for management or whatever.
When I was given a budget for materials to pick on restoration it seemed rather low so I challenged them on their itemization. They flat out told me 20 percent isn't enough, so they take out 45 percent, or roughly half of that $15k goes to the management/restoration company instead of 20 percent. The rest is used for the actual labor and materials to get the job done. Is that normal? Should I just let them eat all that money, or should I be shopping around for another restoration company that thinks 10 and 10 is enough for them?
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