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7 Contractor Tips for Dealing With Insurance Adjusters & Owners

Levelset

In turn, the owner is relying on the insurance company to pay their claim. After all, the faster the insurance company pays the owner, the quicker you can get paid ! Dig deeper: What contractors need to know about the insurance claims process. You don’t work for the insurance company or the adjuster, and they don’t work for you.

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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Setting up an AOB.

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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.

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How to Manage Compliance for Construction Success

Viewpoint Construction Technology

Insurance and bonding requirements. Lien requirements. Building codes , insurance requirements and bonding requirements can vary by location, though. When you’re dealing with compliance, you need to have easy access to information and make data visible throughout your organization. Building codes. Safety regulations.

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The 40 Best Construction Podcasts

Lets Build

The Lien Zone. A team of construction lawyers provides knowledge about different legal issues in the construction industry such as construction and engineering contracts, mechanics’ liens, insurance. They talk about how to build your industry using the right marketing, communication and sales tools. Constructrr. 99% Invisible.

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Louisiana Contractors & State Licensing – Home Improvement

Construction Law Monitor

I deal with these rules daily but this client’s issue helped to refresh me. The application needs to include the following information in addition to proof of workers compensation insurance: (B)(1) The applicant’s name, home address, business address, and social security number. (2) See La R.S.

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Litigation Topics for Prime / Subcontractor Contracts

Construction Law Monitor

A good subcontractor will have his attorney review any agreement to make sure that the deal is an even one. Insurance can be purchased by prime or sub to cover the indemnity obligation. Lien Waivers. A well crafted contract can better protect a prime and/or a sub when default arises. Commonly litigated subcontract provisions.