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Home » Topics » Restoration Insurance/Legal Issues
The deal, called "a very major event" by RIA President Mark Springer, combines Next Gear and CoreLogic’s Claims Connect platforms, property data and analytics, and tools for restoration contractors and insurance carriers.
David Dybdahl discusses the insurance picture for restorers’ business insurance over the next 12 months and suggest some adaptations to address impending changes in that risk picture.
It’s been a wild ride in the restoration and insurance business for the past year. Here David Dybdahl recaps the past 12 months, including the actual versus perceived risks of COVID-19.
My hope is that the information in this article will shed some light on what it can cost for a restoration contractor to stay in business and provide the level of service consumers expect after a disaster.
The inability of contractors to cover overhead expenses is one of the key factors why so many restoration companies fail and will continue to do so unless the overhead burden of the company is accurately reflected in their estimate’s markup.
In addition to a recently released position paper, there is a lot of work being done on the hot topic of Assignment of Benefits, and unique training opportunities available through the new AGA Academy.
What is a liability money trap? For what I am addressing here, it is a set of facts and circumstances that can lead to potential liability issues for restoration firms. Facts and circumstances have already set the trap for the unaware; below is some advice on how to not into the traps.