One of the computer programs is called Exactimate. I have a freind that was an insurance adjuster. They get paid, for the most part, on a percentager basis. They try to be as liberal as they can justify without spending all day fighting for you. I know a guy that owns a Service Master business in town. I don't get the idea that that is a business with a huge margin.
On Tue, Mar 5, 2019 at 9:39 AM Joe Novak <[email protected]> wrote: > There is actually a estimation program built for the insurance industry > for Fire/Flood rehab and remodeling. In my experience, the entire industry > is very murky and the people ('General' contractors, as in the 'owner' of > the job) are just as murky. > > I worked for a Contractor just out of high school doing fire restoration. > It was fun while it lasted, but it seems like no one related to the > insurance industry actually wants to pay the going rate for work to be > completed. Insurance didn't want to pay, then the general contractor didn't > want to pay... and that is how I got started installing internet. > > On Tue, Mar 5, 2019 at 8:47 AM Ken Hohhof <[email protected]> wrote: > >> 20% sounds normal for a general contractor. >> >> >> >> Neighbors trying to get small remodeling jobs done tell me the market is >> so good right now the contractors only want big projects like $100K+ and >> flat-out tell people they don’t want the smaller jobs. Not sure if that’s >> what you are running into, or fraud as you suspect. >> >> >> >> I have a certain amount of sympathy for a contractor doing a small >> project which maybe involves the same a mount of work pulling permits, >> getting inspections, supervising the workers, and meeting with the >> homeowner as a larger project, yet pays a smaller amount. But insurance >> companies weren’t born yesterday and presumably know what it should cost to >> get the job done. >> >> >> >> >> >> *From:* AF <[email protected]> *On Behalf Of *Sterling Jacobson >> *Sent:* Tuesday, March 5, 2019 8:29 AM >> *To:* AnimalFarm Microwave Users Group <[email protected]> >> *Subject:* [AFMUG] OT Insurance Fraud? >> >> >> >> 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? >> -- >> AF mailing list >> [email protected] >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
-- AF mailing list [email protected] http://af.afmug.com/mailman/listinfo/af_af.afmug.com
