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Non-Cattle Specific Topics
Coffee Shop
roofing question.
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<blockquote data-quote="pwilli3" data-source="post: 653774" data-attributes="member: 8647"><p>I'm with you Walt. The amount the insurance company pays on a claim is totally based on fixing the damages completely. If you choose not to fix the damages to that spec, you are still incurring the cost in other ways (i.e. lesser appraisal) therefore the money allotted is fully yours. What you choose not to fix is, quite simply, balanced out with opportuinity cost.</p><p></p><p>The difference between this and contracting someone to do the work is vast. Only the owner of the structure has the luxury of such a decision. The government contracting argument only holds water if you do hire someone to do the full job to certain specs and they do not do it. Then your claim is against the contractor, not the insurer.</p><p></p><p>In other words, take the money. Make the structure livable to your standards, and retain the leftovers. You are assuming an added cost that is not immediately tangible.</p></blockquote><p></p>
[QUOTE="pwilli3, post: 653774, member: 8647"] I'm with you Walt. The amount the insurance company pays on a claim is totally based on fixing the damages completely. If you choose not to fix the damages to that spec, you are still incurring the cost in other ways (i.e. lesser appraisal) therefore the money allotted is fully yours. What you choose not to fix is, quite simply, balanced out with opportuinity cost. The difference between this and contracting someone to do the work is vast. Only the owner of the structure has the luxury of such a decision. The government contracting argument only holds water if you do hire someone to do the full job to certain specs and they do not do it. Then your claim is against the contractor, not the insurer. In other words, take the money. Make the structure livable to your standards, and retain the leftovers. You are assuming an added cost that is not immediately tangible. [/QUOTE]
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roofing question.
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