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If insurance company makes check to you and contractor, what happens if the repairs actually cost less?

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  • If insurance company makes check to you and contractor, what happens if the repairs actually cost less?


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Answer #1 | 21/12 2013 11:51
The difference is returned to the insurance company.
Positive: 56 %
Answer #2 | 21/12 2013 12:07
You get a refund. You get to keep the difference.
Positive: 50 %
Answer #3 | 21/12 2013 16:31
It shouldn't be less, as it was based on the contractor's estimate, minus your deductible. The actual repairs being less, is a huge red flag for a shoddy job, or the contractor using cheaper materials, or skipping crucial steps.
Positive: 30 %
Answer #4 | 21/12 2013 17:14
How much are you talking about? If it is minimal, I wouldn't worry about. Keep it to apply to the deductible you paid. If it is significant, better talk to the contractor and figure out why the difference. Something may be amiss.
Positive: 10 %

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