Their adjuster (and Xactimate) may not account for skyrocketing construction costs in your area.
In the wake of a natural disaster, basic economic laws of supply and demand go into effect. This means that the prices for construction labor and materials will likely go up, sometimes by as much as double.
With that in mind, your insurance company adjuster will most likely rely on a software called Xactimate to calculate your repair costs. Because Xactimate’s pricing model is based on a median survey, it may or may not reflect current market conditions in your area. For example, if your property is custom-built, historic or located in a high value area, Xactimate’s numbers may not represent the actual cost of repairing and replacing your specific damage. Don’t leave money on the table.
Get estimates from at least three licensed and insured contractors in writing.
It is imperative that you get at least three estimates for repairing your property damage from licensed and insured contractors who have experience with hurricane damage repairs. An experienced local construction professional will have a realistic understanding of the materials, time and labor costs needed to repair your damage.