Here in florida, all the retail quotes are 30% + under insurance estimated scope of work which goes through xactimate. Basically retail on OC is around $500-550 square vs insurance is paying $650-$800 square. Retail margins are thin especially considering some companies are bidding $375-425 sq so insurance work is 2-3x more profitable but can take some time to get paid, on top of the lawyers taking 15-40% off the claim. Florida is a mess.
I have been fighting adjusters about ITEL pricing on every claim, but haven't gotten any more successful. In XM8 pricing, it says RFG300 includes nails per local code, which isn't included in ITEL pricing. If there's a problem with my order or delivery, or I need to return unused products, buying from ITEL would be a huge inconvenience compared to a local supplier. On top of that, as a GC, I don't charge my actual cost for materials used.
She's so knowledgeable. I would love to see a dollar estimate on how much her free training from RU-vid videos alone, has impacted the insurance restoration industry.
What about when the insurance company argues overhead and profit is not justified on the roof if you are a roofing company? For example, gutters, siding, and roofing are approved to be replaced…contractor asks for OP on all 3 trades and subs a gutter and siding company to complete all of the work. Insurance company says they will only pay overhead and profit on the gutters and the siding with subcontractor estimates because the GC on the job is a roofing company.
Especially if it’s a situation where there are multiple other trades involved which total less than 20% of the claim total… In those situations, it’s literally more time than it’s worth to coordinate, for example, a window repair, a little painting, and a partial gutter replacement if the insurance company is only paying 10% OP on those few things and not the roof.
@@allisonhammons5837 yes, it's getting ridiculous. We have some clients that have put their dumpsters into separate business entities, solely for this reason, and in the winter months when roofing is slower, it's a separate revenue stream; the rent them to interior restoration contractors or mitigation people.
@@EstimateonDemandnothing but the process. You should never supplement after. Because you risk denial on the supplements. If in production, something is discovered then a call into the adjuster and submit photos.
Well, we did about $7 million last year in gains for roofers in post build only supplements. With proper documentation, it's all good. We're all former adjusters, we know how these carriers work.
@RavenClariceStahrling supplementing post build with photos is completely fine. No one is waiting 20 days for State Farm to look at photos before finishing the roof.
I’ve tried supplementing several dozen claims in TX and I’ve received so much pushback from these insurance carriers. Question on the IWS code for TX when it says “where there is a history of ice forming…” don’t they have history now after the well documented ice storm several years ago? Wouldn’t this mean IWS needs to be applied to eaves now and not just valleys?
@@allisonhammons5837 From a building code standpoint, codes usually lag the actual effects of local climates and are only mandated once catastrophic occurences force changes. Here in florida in 2009, our codes on decking, drip edge, underlayment changed due to hurricanes. If there is a history of ice formation on eaves, i would agree that 1-2 rows of IWS is neccessary on the eaves and valleys but local code likely does not dictate it so insurance will push back and say, they wont pay for it bc its not neccessitated in the code requirements. I always have an honest conversation w/ the homeowner when doing insurance work. I tell them on supplements, if the insurance wont pay, your responsible for the bill and they sign paperwork accordingly. But yes i agree w/ you, if theres a history of ice formation on the eaves, building code should be updated to reflect this.
You really have to get documentation from the county or local building official stating that it is enforced in their area. One Click Code is also another good source for that, especially IWS.
Thats why i have cancel any one that does or decide what the price will be! Hey Mr Smith your roof have this problems and it cost this much. Here the estimate and have a good day! If they show any paper from adjuster and any from home inspectors etc Call them to do the roof There is no adjuster or home inspector that geting brain wash on big stage that have real knowledge to what a roof is! Most of them have frait of the hight
That’s such bad advice to say not to pay people as W2 and make them 1099. Uncle Sam will say otherwise. If they are full time and working for you it is very clear they are W2. She needs to put the disclaimer up that this is not tax advice because it’s bad advice. It’s good for exactimate, bad for dept of labor.
I prefer 1099 work as i can deduct my gas, materials, etc. W2 sucks, you pay taxes up front and cant cover alot of your operating expenses unless you have a company truck & gas card. Most of the companies that offer a company vehicle also offer lower commissions. Just my 2 cents, talking from experience.
A 1099 can set their own schedule and work when they want. Now many companies try to treat 1099's like employees and make them go to meeting or work set hours which can get them in trouble. And she is talking more about crews than employees
