You are not required to get three bids for damages to your home. In fact, you are not required to get any bids. Getting a bid not only affects your claim but could limit the quality of your repairs, force you to hire the cheapest contractor and put your home at risk. Your insurance company has bidding software that handles your claim and prices its contents for your contractor. If there is a discrepancy in the bid, your contractor can then work with the insurance company to settle the difference. In the end, if you get bids, you will flip the bill for any items not documented in your claim
With all the bad news and horror stories out there it is important to know what to look for in a contractor. Many people who are taken advantage of are those who neglected to do their research. We at Lasting Improvements believe that a great contractor is one that has insurances, licenses, bonds, a record of successfully completed projects and references to back them up. With all the options available, don’t trust your home to just anyone.
If the damages to your home requires several different trades, it is important that you hire a company who is qualified to address the full scope of the job. Hiring such a contractor protects you from being taken advantage of by a single trade and protects your home repair’s bottom line. Not hiring a general contractor may leave your repairs unfinished and over budget. Furthermore, hiring contractors individually may affect uncollected monies you may be entitled to.
Hiring a qualified contractor to do the work is the best decision you can make. A qualified contractor will ensure that you get the most out of your insurance company and that nothing is left unfinished or uncollected. Each year millions of dollars are left uncollected and thousands of jobs unfinished. Hiring the right contractor not only protects you, but forces your insurance company to work for you on a policy you may have paid on for years.