settling insurance claim

A question about : settling insurance claim

we were recently flooded downstairs due to leaking pipe. All repaired now but chem dry need to come in and dry and local builder appointed by loss adjuster need to strip back tiles etc and to make good all damage. Do I have to have the loss adjusters builders to repair (i have heard they will soon be out of business) or can we take a cash settlement and do repairs ourselves. If so do we lose out financially??

Best answers:

• It depends entirely on your insurance company.
  A lot of companies will give you the option of appointing your own tradesman and send you a cheque, however they will normally not pay more than their own tradesman would charge for the job. So if your tradesman charges ( figure plucked out of the air ) Ј50 per hour, but their own guy charges Ј45, then the most they will give you is based on a fee of Ј45 per hour.
  Impossible to say for sure, you need to phone them up and check what their policy is.
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