fair market value

[megadadie]

my home was hit by sept 7th hail storm in peoria az. i was wondering how do i establish fair markey value for my roof the reason im asking this is my insurance companie tells me my roofing contractors price is to high. well the same contractor has done both my neighbors roofs they have american family and state farm.my contractor has completed over 10 roofs on my street and has not had to change is pricing on any of the ten roofs he has completed. my neighors and my roof are the exact same size they are track homes yet there insurance companies payed them 1200 higher than my insurance companie. would fair market value be the pricing state farm american family farmers all state farm hxartford has paid my nieghbors. my contractor uses xactimate software for his pricing as does american family state farm and farmers do as well. how do i get my insurance company to pay what state farm american family farmers insurance is paying so i can have my contractor install my roof. thanks for any help. how do i estabilish fair market rate

 

[ALawyer]

Call the Arizona State Insurance Department and complain and ask its assistance.

You could also ask the insurance company to arrange to fix it with a qualified contractor of its choice.

True, some contractors overcharge and try to "steal" money from insurance companies by overpricing. But the insurance company owes you an answer.

IF your house is the same size as the others, and the other companies had no problem with the pricing, that sounds as if the pricing was c0mmercially reasonable.

You may choose to just get the work done by the contractor you found (if it rains and the house is damaged you'd have a bigger problem), and let the insurance company pay what it is prepared to pay, and tell them you are going to get a lawyer to collect the full amount (or the rest) as you believe they are engaging in unfair claim settlement practices.

 

[tammy8]

Also depends on the age of your current roof.

 

[JETX]

Each insurance adjuster sets their own values... .depending on the specifics of the roof, age, condition, etc. There really is no such thing as 'fair market value' on roof estimates (just like the estimates for car repairs are different for each shop).