Did you know that the ‘industry standard’ insurance claims software underestimates the materials costs for your repairs? Materials costs have risen consistently over the years, but the most common insurance estimation program has been dropping the values associated with these materials instead. When it comes to having a contractor perform work, the total job cost can be significantly affected by the underestimation of these supplies, which often results in the cutting of costs leading to decreased quality materials used and quality of work.
As a customer, you are entitled to the full and fair value. Be aware of what your insurance covered repairs are actually worth, and don’t be afraid to speak up.
More information on the subject is available here: http://www.propertyinsurancecoveragelaw.com/2014/03/articles/insurance/xactimate-price-trend-does-not-reflect-actual-costs/