Insurance Prefered Vendors
When engaging a water damage business for remediation, the question of whether or not to consider vendors preferred by insurance providers should be carefully evaluated. There are several reasons to avoid companies referred by insurance agents. Generally, insurance policies are structured to avoid paying maximum benefits where possible. When a consumer begins to evaluate water damage businesses, those in an insurance network may not always have the best interests of the consumer in mind. Such vendor networks are often chosen by insurance providers because these vendors' fees are less expensive to the insurer, leaving the consumer with higher deductibles and residual payouts of additional fees out of pocket.
Insurance Approved Vendors - Quality of Work
The other aspect of avoiding using an insurance prefered vendor is quality of workmanship. To save the insurance provider from higher costs, the quality of the work involved may suffer as a result. The experience levels of such vendors may also not be on a par with other more experienced and knowledgeable vendors involved in this type of business. Another aspect is that an insurance provider may hire vendors who are licensed contractors, while those doing the actual remediation work may not be licensed individually. Often, insurance providers hire general contractors who sub-contracts water damage remediation work to other vendors without checking the status of their experience, business reputation or licensing. This is another way of avoiding huge costs to the insurance provider. Testing, repair and restoration work should always be done by licensed vendors to insure that the work performed meets with compliance standards.
Insurance Prefered Vendors and Pricing
The cost for water damage repair is affected by the internal contract between insurance prefered vendors and the insurance provider. The affect on consumers is the inability to choose from among the most cost-effective vendors for their needs. Vendors who are insurance prefered are often chosen less for the quality of their work than for the cost to the insurance provider. This creates the appearance of bias that may effect the overall workmanship and desired result. When water damage occurs, a consumer wants the best possible remediation in the least amount of time. When an insurance provider retains a list of prefered vendors, the element of expediency may be limited to the size of the vendor network. The size of the project may also influence expediency in consideration of profit margin objectives.
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