DIYbanter - View Single Post - New roof after hail damage

In article ,
says...

But I am thinking I want to get it in writing that they will sent me a check
back for any budgeted work that is not in fact done.

I would expect to get a check for the settlement directly from the
insurance company...what I do w/ it is my business.

The way most insurance policies are written, you'll get depreciated
Actual Cash Value if you want a check up-front, Replacement Cost paid
only after the replacement work is done.

I'd be wary of asking a contractor to promise in writing that he'll
bill for work not done and pass the excess on to you, if your
insurance company gets picky that's written proof of a prior
consipracy rather than simple insurance fraud.

Read the "Loss Settlement" provisions of your own insurance policy to
see whether you get replacement cost or ACV, and whether you have to
actually do the work to get a replacement cost settlement.

--
is Joshua Putnam
http://www.phred.org/~josh/
Updated Bicycle Touring Books List:
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