Why is a builders or contractors estimate insufficient to enable the insurance company to make an equitable settlement?
Building contractors do not have experience in interpreting insurance policies and how they apply to a loss. They are not knowledgeable in calculating depreciation, coinsurance, actual cash value provisions of the policy, and other elements of your loss. Further, a contractor is competitive with his bid, attempting to provide his lowest bid to get the job. Hidden heat, smoke damage, and water damage could cause you problems even after you settle your loss. These items and many more are usually overlooked because many contractors are unfamiliar with the methods of preparing a detailed estimate in a format that the insurance company recognizes. In addition, a contractor can’t handle your contents inventories, prepares your additional living expense loss, or business interruption loss. A Public Adjuster use skilled, knowledgeable, experienced engineers, builders, and/or loss experts to prepare highly detailed estimates of all aspects of your loss. The building estimate is in a form and co
