Federal Judge in Mississippi 'Storm Surge' Case Upholds Home Insurance Flood Exclusion
National News • April 13, 2006
A federal judge in Mississippi has upheld the water damage exclusion in homeowners insurance policies in a ruling welcomed by insurers.
U.S. District Judge L.T. Senter, Jr. of the Southern ...
Insurance Journal is not responsible for the content of the message below.
Subject: RE: RE: Tony - Have You Ever Owned A Construction Business?
Posted On: May 18, 2006, 1:25 am CDT
Posted By: Tony
Comment:
Roger,
It was a small company that mainly handled small new construction or minor to moderate reconstruction. Usually our contracts were between $1000 to (the largest was) approx $30,000. We used a time/material cost basis. We would figure out the materials and the approx amount of time and give a price based off that. If we estimate a job would take 40 hours and it took 50 we didn't whine and complain, it was our mistake, we ate the difference. In the same vein if it took 30 hours, we weren't offering refunds either. Now having said that, if we ran up against something unexpected (rot for instance) we would notify the owner and discuss what needed to be done.
Like I said, a small company, but we were happy with it. You would be amazed how many people need help on the little things.
Subject: RE: RE: Tony - Have You Ever Owned A Construction Business?
It was a small company that mainly handled small new construction or minor to moderate reconstruction. Usually our contracts were between $1000 to (the largest was) approx $30,000. We used a time/material cost basis. We would figure out the materials and the approx amount of time and give a price based off that. If we estimate a job would take 40 hours and it took 50 we didn't whine and complain, it was our mistake, we ate the difference. In the same vein if it took 30 hours, we weren't offering refunds either. Now having said that, if we ran up against something unexpected (rot for instance) we would notify the owner and discuss what needed to be done.
Like I said, a small company, but we were happy with it. You would be amazed how many people need help on the little things.