Hi, will a word association determine to compensate me contend $5,000 instead of profitable a executive directly, as well as concede me to sinecure someone else? How does it work technically? we get $5,000, afterwards if we am means to find executive we similar to for reduction contend $4,000, we get to keep a rest!? (pls pretence e.g. of $5,000 is formed upon a allude to word association got from a contractor) THANKS.
Tags: agree, claim, company, contractor, damage, home, instead, Insurance, Tornado, Will
Yes, you may choose to do your own repairs. The estimates the contractor provides are just that, estimates.
Be aware though that the insurance company may only pay you a partial payment until all work is completed. Once the work is totally done you will receive the remainder of the replacement costs.
Make SURE you go with a contractor who is licensed and insured. There are way too many out there who take your money and leave you with unfinished work. Get referrals from your agent and ask the contractor for names of clients he has done work for before. Be sure to call those clients.
They should issue the check payable to you and your mortgage company.
Yes, they will – however, if you have a mortgage on the house, the check gets paid jointly to you and the mortgage company. You won’t be able to cash it – after the work is completed to the mortgage company’s satisfaction, they’ll release the funds.
If you don’t have a mortgage, your plan will work – and you can keep the difference. You can even do the work yourself – but if you do/get bad work, they won’t pay to fix it.