My house was consumed by a wildfire here in Colorado this past June. It was declared a total loss (it was completely burned down to the foundation). Working with the insurance company on the claim has been less painful than I imagined it would be, but I’m trying to figure out what to do with the estimate they have given me for the dwelling coverage (The amount for removing and replacing the foundation, house, deck, driveway, and landscaping).
The estimate that the adjustor gave me is very detailed (about 16 pages long) and includes many little and big items. However, it was based on a short interview with me and the county records (which are wildly inaccurate for my house). Therefore, it’s missing a lot of things (i.e., the basement finish, one of the bathrooms, a lot of the size estimates for siding and walls seem very low, there’s no way my deck could have been built for the amount they allowed, etc.).
The adjustor said I should have a contractor spec a house that is the same is the one that was lost. The house I’m planning to build in its place is different in many ways, so that information cannot be used.
I’ve made a detailed list of the details of each room in the house (size, finish items, electrical, plumbing, windows, etc.) and made some estimates about what the size of outside features would be. The blueprints for the house seem to not exist at the county building office any more (it’s 1980’s tract housing and the original builder doesn’t exist either). I have some photos and an appraisal report from 2010 to back up my claims.
Is there a person that does the job of converting this information into an itemized list similar to what the insurance adjustor gave me? I don’t want to bother the contractor of my rebuild with it since he’s busy getting everything together for that and doesn’t want to spec out a house that he isn’t going to build. Is this what public adjustors do? What types of fees should I expect to pay for something like this?
On a related note, my insurance company has specified both profit and overhead at 5% each. A co-worker in a similar situation, but with a different insurance company has them specified at 10% each. What is standard?