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alanporco
USA
112 Posts |
 Posted - 04/01/2004 : 14:33:05
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ReconMan: Where are you? No jurisdiction that I'm aware of allows O&P on a single trade project. Should we add O&P if the only repair needed is to paint? Don't think so.
Once again you've come to the wrong place. Adjusters do not set prices. We are given the pricing (including whether to add O&P) by the insurance company or from Xactimate (or some such software company). Take your arguments to the companies. I doubt that you'll find a single adjuster objecting to paying higher prices, it means our fee could increase.
In your example of price breakdown, the total cost with O&P was $4,800. Back out the O&P and you're in line with current pricing. While you may think the job is worth $4,800, I'll bet there 3 or 4 roofers standing right behind you willing to do a quality job for $3,900.
If you ever post something that actually has to do with adjusting, we'll all be happy to share our expertise and experience. You, however, continue to post topics over which we have no control. Why is it you cannot seem to grasp this concept? |
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Tom Toll
USA
154 Posts |
Posted - 04/01/2004 : 18:10:47
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ReconMan, don't know who you are and don't care. Your posts are becoming distasteful and lend nothing toward the field of adjusting losses. Adjusters have explained to you that we don't set the prices, our principals do. We have nothing to do with the way Lloyds of London works, nor can we exercise any control of the profits of any Insurance Company on this planet. Until such time you can post something informative or directly related to the adjusting field, I would, as would others, suggest you go out and find some work or something else to do.
I deleted your last post, as it was distasteful and lacked ingredient. |
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rbryanhines
22 Posts |
Posted - 04/01/2004 : 19:13:00
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| Actually if the insured should choose to hire a GC to perform just one trade, we actually owe them O&P. |
Edited by - rbryanhines on 04/01/2004 19:13:48 |
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alanporco
USA
112 Posts |
Posted - 04/01/2004 : 19:16:53
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| Bryan: Not so in CA. Or many other states, too. |
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rbryanhines
22 Posts |
Posted - 04/01/2004 : 19:27:58
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| Alan, you're right. However I've worked in the states you’ve mentioned and when push came to shove most of the times they have allowed it. |
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alanporco
USA
112 Posts |
Posted - 04/01/2004 : 19:33:30
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| As my biology professor said: "There is an exception to every rule, including this one." |
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JimF
USA
1014 Posts |
Posted - 04/01/2004 : 19:50:28
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| You know, as an idea, perhaps if we took up a collection, bought an old computer with modem and sent it to Charles Manson, then he and ReCon Man could spend their day chatting among equals. |
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alanporco
USA
112 Posts |
Posted - 04/01/2004 : 20:03:51
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| JimF: There is a difference between Charles Manson and ReconMan. Charlie is pure evil, ReconMan is pure stupid. |
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JimF
USA
1014 Posts |
Posted - 04/01/2004 : 20:36:00
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Alan, that reminds me of the old story about the British Lady who approached Sir Winston Churchill at a cocktail party where he was very drunk, and rather sloppily.
Quite haughtily, she said to Churchill, "Mr. Churchill, tonight you are very very drunk" to which Sir Winston replied, "Yes my Lady I am very drunk tonight. And tonight Ma'am you are very very ugly. But tomorrow, I will be sober, and you will still be very very ugly." |
Edited by - JimF on 04/01/2004 20:42:51 |
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Reconstruction Man
124 Posts |
Posted - 04/02/2004 : 07:53:35
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Dear Larry, Joe, Curly and Shem,
Sorry for the incomprehensible postings
fella's. You obviously didn't receive the thinkin' and reasonin' caps we sent ya'
You did take them out of the box, right fella's? (If ya' did, maybe ya' got em' on backwards or sumpin'...)
Or maybe you just don't get them because, well...maybe you're just too busy coming up with the reasons they exist. Hmmm...
And where did you guys hone your venimous comeback skills, on naive policyholders or doomed to fail contractors? Or both?
If you would stop strokin' your ego's fella's and start some meaningful conversatin', you might realize that contractors and adjustors,
workin' together can share some information to help the contractin' and adjustin' industries...
By the way, the positive reply / comments
on G.C. involvement in single trade projects is not a new concept. We are involved in managing and financing multiple single trades being used on a new structure and RCV / ACV is determined
>>>IN PART<<< with ALL of our costs in mind when homeowner policies premium values are being calculated.
Now then, follow this coming business drivel
as best as possible:
The G.C. business overhead and entrepreneurial profit factor is in EVERY piece of the [new] structure's puzzle and inherently is in every premium puzzle piece that contains and accounts for those same OHP factors anticipated for an RCV / ACV based claim.
Do we agree on this basic indemnity protection
principle? |
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Ghostbuster
476 Posts |
Posted - 04/02/2004 : 07:58:30
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Again...what's your point???
You really need to matriculate an English composition night course. |
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Reconstruction Man
124 Posts |
Posted - 04/02/2004 : 08:17:15
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| First, do you agree or disagree? |
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KileAnderson
USA
875 Posts |
Posted - 04/02/2004 : 12:53:59
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| No, Conman, I don't agree. O&P is accounted for in premium when it is needed. When premiums are calculated it is figured in that simple single trade repairs will not require the services of a GC so your entire premise is completely wrong. Maybe it's your thinking cap that is on backwards. |
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rbryanhines
22 Posts |
Posted - 04/02/2004 : 16:20:03
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Kile,
You might want to research your statement about O&P not being figured into premiums. You also realize that the carrier you work for pays O&P on single trades.
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KileAnderson
USA
875 Posts |
Posted - 04/02/2004 : 16:59:00
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| As a rule, O&P is NOT paid on single trades. When premiums are computed historical loss data is used and since most small losses don't include O&P it is not figured in. It's that simple. |
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Topic |
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The perils of poor performance: Volume 1
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