Should I Use a “Preferred Contractor” Recommended by My Insurance Company for Fire Damage Claims & Repairs?
My insurance company says I should use the insurance company’s “preferred contractor,” but do I have to? NO you do not. Do not be bullied into thinking you do. Do not think the insurance company will play nicer because you are agreeable to using their “guys”. The reality is the “preferred contractor’s” estimate for the work will be much lower than a public adjuster. The reason is obvious. The preferred contractor’s estimate and work is less because they are receiving work and referrals from your insurance company. This is not always advantageous because they cannot negotiate a better settlement on your behalf. Your insurance company has more control over what a preferred contractor says, meaning that you are not guaranteed the maximum repair payments.
Pro’s & Con’s Of Hiring The Insurance Company’s “Preferred Contractor” Vs Your Own Fire Damage Contractor & Public Claims Adjuster Team
Do not be fooled into thinking that the insurance company is warranting the work of the preferred contractor. This is an old school trick. The insurance company adjuster will give you the impression that the insurance company is warranting the work. When pressed you will not find anything in writing nor will the adjuster put in an email that the company is warranting the work of the preferred contractor. In fact the small print on the preferred contractor’s contract will say specifically that the insurance company is not recommending them and that you the property owner have contracted and chosen the preferred contractor. Get an attorney to always read the small print. You will also note the preferred contractors contract will most likely state that payments from the insurance company are to go directly to the preferred contractor. That they can endorse and deposit the monies with or without your approval. While not all state this most do.
So, although it may cost you more initially, a trusted and licensed public adjuster has the knowledge that a preferred contractor does not. The public adjuster is obligated to you the property owner and policyholder. The public adjuster will be able to negotiate a higher settlement with your insurance company. The preferred contractor, the insurance company contractor cannot. And so when hiring a public adjuster rather than a preferred contractor you are more likely to earn your money back and up to 35% more.
Public adjusters can assist you in any claims you may have including the following:
- Fire damage claims
- Smoke damage claims
- Storm damage claims
- Explosion damage claims
- Vandalism damage claims
- Business interruptions from the damage (i.e. rental income, improvements, etc.)
For More Information & Help with Your Fire Claim & Damage Restoration:
Contact Harris Claims Services, located in Lincolnwood, IL near Chicago. We are attorneys, public adjusters, and fire damage contractors (the trifecta) that work for you, NOT the insurance companies. Don’t be taken advantage of by the insurance company preferred contractor or the insurance company’s claims adjuster.