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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.
Answer #2 | 21/12 2013 12:07
You get a refund. You get to keep the difference.
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.
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.

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