Balance Brings CMA On As Strategic Partner
Contractors play a critical role when damage occurs at a home or business, especially when the damage is storm related. However, to be compliant with...
It’s a familiar situation for many roofing contractors: insurance claim approved, and first payment issued – but everything is waiting on the mortgage company’s endorsement. The dual-payee provision in most insurance policies typically kicks in for the part of a settlement that pays for the repair if a home or building has sustained damages costing more than $10,000.
While adding the mortgagee’s name to a settlement check protects the bank’s financial interest in the property, the added step can delay rebuilding and repairs. Still more delays can arise if the lender is slow to release funds from an escrow account, where insurance proceeds are usually held to pay contractors. Payments can take even longer in the wake of a natural disaster like wildfires, hurricanes and hail storms.
What can roofing contractors do to speed up the process?
Interested in saving more time? Learn about our third-party claims process and how we can help ensure every claim you work is ethically and legally compliant, paid correctly and processed quickly. Have questions or other ideas on how roofing contractors can streamline efficiencies in their business? Follow Balance Claims on Facebook and join the conversation.
Contractors play a critical role when damage occurs at a home or business, especially when the damage is storm related. However, to be compliant with...
Storm season is upon us and for many roofing contractors that means more customers, more jobs and ultimately more headaches if your business is...
Having worked with hundreds of storm restoration contractors across the nation, we’ve seen it all when it comes to missed items on insurance...