Quote History Originally Posted By joecav:
GC yourself on this one. It's a simple claim. If you had a major fire claim you would want the contractor working with the adjuster.
Have a couple local contractors come out and give you estimates with their scope of work to be done. Choose your contractor, have work done, send photos to insurance to collect the remaining depreciation/hold back. Do not tell the contractor that this is an insurance claim as it's none of their business.
Good luck.
I'm an insurance adjuster.
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@joecav
My insurance paperwork says I have a RCV policy and have 1 year to recover depreciation.
Ok so I have paperwork from my insurance company stating the RCV is $17584. Depreciation is $5957 ACV is $11727.
I was sent a check for $11227. I made a verbal agreement with this contractor stating that I want all work done and nothing out of my pocket. That is gutters, roof, soffit and fascia. They said ok and started on the work. All work is now complete.
I initially paid $8000. Out of the $11227 check that was sent to me. They had a bid on the entire job for $17184.
They want me to sign a form stating I owe $9184.
I’m hesitant as I am being told I have to sign the paperwork for the insurance company to release the depreciation.
Well, what if I sign this paperwork and the insurance company only mails me a check for $2k?
Please help!