Why You Should Be Wary Of The Vendors Suggested By Your Insurance Company After A House Fire?
Why be wary of your insurer's suggested vendors after a fire? Because although they work for you, they're in direct contact with the insurer about what they're authorized to spend, explains Pierce County, Washington fire-loss attorney Spencer Freeman. In effect, those vendors help set your claim's value—often below its worth—since they want the insurer's repeat business, not your best interest.
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Answered by Spencer Freeman · Pierce County, WA
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Frequently Asked Questions
Why be wary of your insurer's suggested vendors?
Because although they work for you, they're in direct contact with the insurer about what they're authorized to spend—a 'wink-wink' referral where the vendor really answers to the insurer.
Whose interest do those vendors serve?
In effect they help set your claim's value, often below its worth, since they want the insurer's repeat business, so it's worth questioning whether that vendor keeps your interests first.
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