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Can adjuster deduct profit and overhead?

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Posted: Thu Oct 08, 2009 5:37 pm   Post subject: Can adjuster deduct profit and overhead?   I've had a fire loss and the claims adjuster says that if I do the work myself instead of his low-bid contractor, he is going to deduct the 10k "overhead" and "profit" line items from the contractor's written bid, since I don't have the overhead, and I'm allowed not to profit from the claim. So he says unless I sign a contract with this contractor for him to do the work, the settlement check to me/mortgage company will be minus the 10k contractor P&O. I'm familiar with the concept of not profiting from an insurance claim but does this sound right?	dm777 New member Joined: 08 Oct 2009 Posts: 2 2.80 Dollars($)
Posted: Fri Oct 09, 2009 4:11 am   Post subject:    Some companies will do this and some will allow for overhead for the insured's hassle. It really depends on the state you are in. I would contact the department of insurance in your state to see their stance. I believe that in Texas that both have to provided to the insured. In either case I would contact the DOI and let them know that this adjuster is directing you to their contractor. _________________ Can I say I’m working if I stare blankly at my computer all day?	Dasfuk Senior member Joined: 27 Feb 2008 Posts: 597 Location: Ohio 24.03 Dollars($)

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