Comments on: Homeowner's insurance: calculating the tax portion of our claim? http://www.cheap-breakdowncover.com/2010/03/homeowners-insurance-calculating-the-tax-portion-of-our-claim/ Sat, 28 Aug 2010 20:14:52 +0200 http://wordpress.org/?v=2.9.2 hourly 1 By: MTR http://www.cheap-breakdowncover.com/2010/03/homeowners-insurance-calculating-the-tax-portion-of-our-claim/comment-page-1/#comment-150 MTR Fri, 05 Mar 2010 03:51:34 +0000 http://badz.info/cheap-breakdown-cover/2010/03/homeowners-insurance-calculating-the-tax-portion-of-our-claim/#comment-150 Looks like your carrier is using xactimate. They aren't taxing labor, and I suspect if you look at the units which require labor and materials that the tax is lower than you would expect and that they are only taxing the materials portion of that. Base service charges are for getting the guy out there (after all, he won't go for 8 shingles). Yes, you can demand a further breakdown, but it's going to be hard to get as it seems as though your adjuster isn't all that skilled or he'd explain all this to you. If you aren't satisfied, contact him, or his supervisor. If you can't get what you think is fair, then contact your insurance division complaint department Looks like your carrier is using xactimate. They aren’t taxing labor, and I suspect if you look at the units which require labor and materials that the tax is lower than you would expect and that they are only taxing the materials portion of that. Base service charges are for getting the guy out there (after all, he won’t go for 8 shingles). Yes, you can demand a further breakdown, but it’s going to be hard to get as it seems as though your adjuster isn’t all that skilled or he’d explain all this to you.

If you aren’t satisfied, contact him, or his supervisor. If you can’t get what you think is fair, then contact your insurance division complaint department

]]> By: MSAD http://www.cheap-breakdowncover.com/2010/03/homeowners-insurance-calculating-the-tax-portion-of-our-claim/comment-page-1/#comment-149 MSAD Fri, 05 Mar 2010 03:04:46 +0000 http://badz.info/cheap-breakdown-cover/2010/03/homeowners-insurance-calculating-the-tax-portion-of-our-claim/#comment-149 Most insurance companies use "unit cost estimating" to write estimates. This means, that the one price listed per unit of measure - includes all materials/labor. For example: It might show 1 sq of shingles for $130.00. That means the 130 includes all materials, labor, overhead/profit. In general- about 1/3 or less of the cost is materials. The vast majority is labor. The adjusters system breaks down how much is material and how much is labor inside the system. I know mine does not have a way for me to print that out. The taxes are also figured by the computer system. Most likely there is not a formula they can give you. They should be able to tell you the tax rate. My estimating program does not show taxes line by line or item by item - it adds the tax as one line at the bottom of the estimate. How the claim is handled is greatly affected by the type of policy you have. Some polices provide limited coverage for damage to the interior - such as requiring a hole be created by wind therefore allowing water to enter the structure. Since we don't have access to your policy - we can't really tell you any specifics there. Since you have questions about why they are paying what they are -- follow up with the adjuster. Or contact your agent. A good agent is usually willing to make some inquiries and get back to you. Good Luck. Most insurance companies use “unit cost estimating” to write estimates. This means, that the one price listed per unit of measure – includes all materials/labor.

For example: It might show 1 sq of shingles for $130.00. That means the 130 includes all materials, labor, overhead/profit. In general- about 1/3 or less of the cost is materials. The vast majority is labor.

The adjusters system breaks down how much is material and how much is labor inside the system. I know mine does not have a way for me to print that out.

The taxes are also figured by the computer system. Most likely there is not a formula they can give you. They should be able to tell you the tax rate. My estimating program does not show taxes line by line or item by item – it adds the tax as one line at the bottom of the estimate.

How the claim is handled is greatly affected by the type of policy you have. Some polices provide limited coverage for damage to the interior – such as requiring a hole be created by wind therefore allowing water to enter the structure. Since we don’t have access to your policy – we can’t really tell you any specifics there.

Since you have questions about why they are paying what they are — follow up with the adjuster. Or contact your agent. A good agent is usually willing to make some inquiries and get back to you.

Good Luck.

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