It is interesting to see how the insurance firms are handling the after economic effect of the storm. The question is, would there be a form of cover for such eventualities, and would the premium be reasonable? what would be the yard stick for premium payment, the conditions for claims recovery and the likes. At least the insurance firms have got a listening ear and that’s what count
As a contractor in another state where there have been big hail storms, we have found that the insurers have been good at paying the insureds, however; most mortgage companies are named on the checks, and getting the money out of them has been devastating to our business. USbank and Wells Fargo are the worst. We have had to threaten liens to get our money. The State of Tennesee is the only state I know of that requires the contractor name on the check too. That is as it should be.
It is interesting to see how the insurance firms are handling the after economic effect of the storm. The question is, would there be a form of cover for such eventualities, and would the premium be reasonable? what would be the yard stick for premium payment, the conditions for claims recovery and the likes. At least the insurance firms have got a listening ear and that’s what count
As a contractor in another state where there have been big hail storms, we have found that the insurers have been good at paying the insureds, however; most mortgage companies are named on the checks, and getting the money out of them has been devastating to our business. USbank and Wells Fargo are the worst. We have had to threaten liens to get our money. The State of Tennesee is the only state I know of that requires the contractor name on the check too. That is as it should be.