HopelessAmateur
New Member
- Joined
- Oct 23, 2015
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Hello, everyone,
I hope I'm posting this in the correct forum. I'll try to keep it brief, but at the same time not leave out any relevant information.
We've had some water damage to our house, and our insurance company has accepted the claim but is lowballing us very badly on the proposed settlement. Short version is, they claim that according to Xactimate the workcan be done for around 20 K. we've had over a dozen contractors look at it, and none of them will touch it for anything short of the low 40s. So obviously we're at an impasse here, but the insurance company is refusing to budge off of their 20K offer.
We've currently got a contractor that we feel really good about, but the problem is, the estimate that he submitted is not itemized - he lists everything that needs to be repaired, but does not attach a specific cost to each item; just "Total cost: $43,684" at the end of the estimate.
The insurance company's estimate (while badly flawed) is at least itemized with the cost of each individual repair. I feel that if we submit this estimate to the insurance company, it will just give them an excuse to reject it out of hand for being too vague. Our relationship with the insurance company on this is already adversarial, and I don't want to give them any excuses to throw up any more roadblocks. So my question is - is this sort of thing normal? Submitting a non-itemized estimate like that, with just the total cost of the estimated repair rather than the cost of each item? We've never been in this situation before, and have no idea what is standard practice and what is not.
Thank you!
I hope I'm posting this in the correct forum. I'll try to keep it brief, but at the same time not leave out any relevant information.
We've had some water damage to our house, and our insurance company has accepted the claim but is lowballing us very badly on the proposed settlement. Short version is, they claim that according to Xactimate the workcan be done for around 20 K. we've had over a dozen contractors look at it, and none of them will touch it for anything short of the low 40s. So obviously we're at an impasse here, but the insurance company is refusing to budge off of their 20K offer.
We've currently got a contractor that we feel really good about, but the problem is, the estimate that he submitted is not itemized - he lists everything that needs to be repaired, but does not attach a specific cost to each item; just "Total cost: $43,684" at the end of the estimate.
The insurance company's estimate (while badly flawed) is at least itemized with the cost of each individual repair. I feel that if we submit this estimate to the insurance company, it will just give them an excuse to reject it out of hand for being too vague. Our relationship with the insurance company on this is already adversarial, and I don't want to give them any excuses to throw up any more roadblocks. So my question is - is this sort of thing normal? Submitting a non-itemized estimate like that, with just the total cost of the estimated repair rather than the cost of each item? We've never been in this situation before, and have no idea what is standard practice and what is not.
Thank you!