I have a remodeling company and am a contractor. I have 6 properties coming up for Roof replacement thru insurance. Can I myself have my team do the work and then bill the insurance under my company name? Or even I can sub contract work out to other companies and bill it via my own company name. This will allow me to have better deals and can profit on the work as a contractor.
I have a remodeling company and am a contractor. I have 6 properties coming up for Roof replacement thru insurance. Can I myself have my team do the work and then bill the insurance under my company name? Or even I can sub contract work out to other companies and bill it via my own company name. This will allow me to have better deals and can profit on the work as a contractor.
Usually the insurance company will let you pick a licensed company to do the work to your property. They are going to write up a field estimate and are willing to (usually) pay you (the homeowner) or your preferred Contractor that money for the repair.
Often they under quote what they could pay given being shown additional work needed, etc…. So be aware of that.
If there is a lien holder they are usually more picky on distributing the money and will often make the check payable to you and the insurance company (jointly) who will then piecemeal the money back to you as repairs are completed. (The idea being the insurance company doesn’t want you to walk off with $30k and leave the roof not repaired, so they put controls in place to prevent that).
Just tell your insurance company you want to use (the name of your company).
We have ‘project managed’ a fire claim before and we did all the painting and replaced the cabinets ourselves. We used the insurance company's preferred vendor for the smoke remediation… but we ‘made out like bandits’ on the painting / fixture replacement because they were wrote up like $8,000 for the work and it probably took us 20 hours of work and $750 in materials to put things back together.
If you are staying in their field estimate for the repairs they likely aren’t going to care who does the work. I would just talk to your adjuster… you aren’t going to ‘mess up your claim’ or piss anyone off by asking them about your specific question. they are usually pretty straight forward to work with.