Technically, yes, but not without risk. You can keep the initial funding (ACV) and not do the work, but in doing so, you will forfeit the balance of your claim (Depreciation), sometimes as high as 90% of the claim dollars. Additionally, if you have un-repaired damage, those items will be excluded in your next policy or upon renewal.
Yes, PLA has several ways to minimize the pain of a high deductible that is not only legal but supported by the carrier.
No, Roofer GC’s are only concerned with the roof and gutters; your structure may have more damage that only a specialist can identify and document. Roofer/GCs are considered “self-dealing” and are viewed by the carrier as potentially fraudulent thus making it harder to settle your claim .
No, it is illegal for a contractor to pay any part of a claim whether directly or indirectly, to do so would be viewed as a kickback.
No, property managers typically handle the day to day activities of collecting rents, sending notices, holding meetings, collecting special assessments or making minor repairs when needed. Most property management companies don't have staff with claims experience. PLA works side by side with managers during a claim; this method ensures that your property has the highest level of attention while allowing the managers to focus on their core business.
No, insurance agents sell carrier policies based on the customer’s needs. Insurance agents do not negotiate claims or manage the construction of your loss. The agent is often caught in the middle between the customer and the carrier when a claim goes bad.
PLA works on contingency, our claim and construction management fees are paid by the insurance carrier.