Insurance Company Estimate For Drywall

 
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Old 01-12-2009, 12:35 PM   #1
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Insurance Company Estimate For Drywall


I looked at several of the threads in this forum regarding drywall pricing/estimating and am probaly more confussed than when I started. Apparently depending on what part of the country you are in is probably the biggest factor. Followed closely by if you are a drywaller, GC, sub etc... as to what your pricing is. That said, I was wondering if you guys can help me with a situation. Good customer of mine had a washing machine blow a hose on the second floor of her home (home has a finished basement as well) which left aprox. 700 sq foot of drywall damage throughout three floors of her home. The damaged rock was removed by the Insurance companys clean up people which also was the company who is doing the estimating for the damage. They did a decent job removing the wet drywall and drying the place out but, as you can imagine her house is left looking pretty rough. They are submitting to the insurance company that there is aprox. 700 sq foot of drywall repair and they are pricing it at $1400 ($2.00 sq'). Now that's hung, taped, finished and ready for painting. We are talking mostly cookie cutter pieces and butt joints everywhere. Sounds awfully cheap to me. Any input would be greatly appreciated in how to deal with the insurance company. I live in the New Jersey central shore area if that helps in determining a fair price.
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Old 01-12-2009, 02:16 PM   #2
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Re: Insurance Company Estimate For Drywall


Are you asking how much to charge or how to deal with the insurance company? What would your normal price be for this job if you were giving the customer a bid?

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Old 01-12-2009, 03:25 PM   #3
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Re: Insurance Company Estimate For Drywall


I did a repair like this 2 months ago ,replaced 6 sheets of rock in the main family room , the ceiling ran together with a kitchen dinning room and hallway ,so in order to do it right we scraped the rest of the rooms also. It wound up being about 900 sq ft and I charge $2100 .
Make sure the company is going to redo the entire room not just patches ,it will not match the rest of the room.
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Old 01-13-2009, 05:17 AM   #4
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Re: Insurance Company Estimate For Drywall


For your part of the country, that sounds pretty cheap. they could get away with that here.I would ask about material costs,time frames etc.. try to get every dollar you can. Ins. companies are a pain in the a** to do work for. At least here they are.Good luck
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Old 03-30-2009, 12:27 PM   #5
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Re: Insurance Company Estimate For Drywall


Quote:
Originally Posted by MUDBUCKET View Post
I did a repair like this 2 months ago ,replaced 6 sheets of rock in the main family room , the ceiling ran together with a kitchen dinning room and hallway ,so in order to do it right we scraped the rest of the rooms also. It wound up being about 900 sq ft and I charge $2100 .
Make sure the company is going to redo the entire room not just patches ,it will not match the rest of the room.
Its typical for the 'cleanup contractor' to just cut out the wet rock and that leaves all these butt joints and if you have smooth wall or light orange peel, there is no way to perfectly hide the repair.
The insurance wont pay for the entire was to be replaced (that would be my question) so does the home owner just have to live with it?
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Old 03-30-2009, 04:04 PM   #6
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Re: Insurance Company Estimate For Drywall


Quote:
Originally Posted by okbye View Post
if you have smooth wall or light orange peel, there is no way to perfectly hide the repair.
so does the home owner just have to live with it?
doesn't matter what the texture if it is patched right you wouldn't be able to see the patch. a orange peel or smooth walls are alot easier to patch then a knockdown.
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Old 04-03-2009, 02:49 PM   #7
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Re: Insurance Company Estimate For Drywall


I dealt with several insurance companies inb Houston since Ike. Just call and talk to their adjuster and explain what how you will do the work and what your rate is for the work. It hasn't been a problem getting my rate as long as your pricing is realistic and your not gauging. Most companies I talked with had the pricing lower than the going rates because they wanted to talk with a contractor and make sure the work was going to be getting done.

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Old 04-03-2009, 05:49 PM   #8
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Re: Insurance Company Estimate For Drywall


You should be able to talk to them and adjust, just dont go crazy. I do that on almost everyjob, but those guys quoted you a better price then they would me, they are always way low.
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Old 04-04-2009, 09:35 AM   #9
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Re: Insurance Company Estimate For Drywall


The problem with insurance companies, and restoration companies who GC for the insurance companies, is that they pay slow..
I work for several restoration companies, and i am fortunate in the fact that i dont have to wait very long for my money.. maybe a couple of weeks..but i negotiated that into the price.. i simply told them that we could do the job right away, and they are extremly happy about that first off, and then you tell them that once we submitt the invoice we want to be paid within 14 days. On your calculations for the job, add 3 to 5 % for payment incentives...if they pay on time...tell them to deduct 3% if not paid on time, you keep the 3 to 5 %...simple.
It is supprising who wants to save money....

I put it on my invoices as such

If payment is recieved on or before ****** date, please deduct $***.00 from the final invoice price.

Very seldom do i have to chase these guys for money. If they pay late, you gain 3 to 5% for you troubles.
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Old 04-14-2009, 09:32 PM   #10
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Re: Insurance Company Estimate For Drywall


I agree with you; added the 3 to 5% does tend to make people pay on time. I use a similar method by stating if adding a "late fee" at 10 days. It really works well.
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Old 04-15-2009, 09:46 PM   #11
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Re: Insurance Company Estimate For Drywall


For 24 years now I have done Insurance work and I always work for the Home Owner not the Insurance company, It's up to the HO who they hire, for 700 sqft I would be charging around $3.65 sqft, plus prime and paint they would be looking at $2,850.00 plus materials.


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Old 04-21-2009, 11:54 AM   #12
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Re: Insurance Company Estimate For Drywall


Isnt that kind of high $2850 to hang tape finish and prime for 22-4x8s for 700 sqft ,of that $3.65 frank, how much per sq ft to prime?
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Old 03-20-2011, 09:54 PM   #13
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Re: Insurance Company Estimate For Drywall


I estimate, quote drywall project $30/hr. And i have reasonable price at the end!


Last edited by rselectric1; 03-21-2011 at 06:36 PM. Reason: self promotion removed
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Old 03-20-2011, 09:55 PM   #14
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Re: Insurance Company Estimate For Drywall


Quote:
Originally Posted by htmlwerty View Post
I estimate, quote drywall project $30/hr. And i have reasonable price at the end!
Huh?
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in texas with framing and cornish people will do it for 3.00 a foot. What do yall think about that? Just laber

Last edited by rselectric1; 03-21-2011 at 06:36 PM. Reason: clean up
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Old 03-20-2011, 10:03 PM   #15
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Re: Insurance Company Estimate For Drywall


Quote:
Originally Posted by JumboJack View Post
Huh?
It would be awesome price for me but when i tried to charge more i do not get a job
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Old 03-21-2011, 06:29 PM   #16
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Re: Insurance Company Estimate For Drywall


They'll ask you to itemize everything. I don't do that for the HO's, but they act like it's the law.

I can't stand interior work for insurance companies, personally.
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Old 03-21-2011, 07:18 PM   #17
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Re: Insurance Company Estimate For Drywall


Shoreguy,
I just started a water damage job for Ins.Co.
so I did some research that may help.

First off,how long was it before drying out
was started?
In my state,anything that remains wet for 48hrs,
must be removed,so you may want to get this
info,and do a visual on the remaining wallboard.

The remediation(drying and dehumidifiers) was
done here weeks after the leaks and they only removed
what was still wet.Like what your seeing there,they
just removed small pieces,so the damage looked minimal.

Some water stained walls and ceilings weren't touched,
since they seemed dry on the surface.
Once these areas were opened up we found that
there was still considerable moisture and even wetness
in the walls.
Fortunately,I bid complete removal in these areas,
but left mold remediation up to others on the contract.
I sent a copy of the State's requirements along with
the bid to substantiate my proposal and it was accepted.

BOTTOM LINE,
Be careful and leave room for extra work.
The remediation Co here was a National franchise
but their approach seemed unprofessional.

Chit,
Just looked at the OP's post date,
well,maybe this will help someone else.

Last edited by oldfrt; 03-21-2011 at 07:21 PM.
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Old 10-01-2011, 12:34 AM   #18
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Re: Insurance Company Estimate For Drywall


I usuall charge insurance as much as i need and most of work i get aproved. Some times you need to explain what it takes to finish job right. http://1drywall.com/quote.htm
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Old 10-02-2011, 12:08 AM   #19
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Re: Insurance Company Estimate For Drywall


I am a GC and don't know why I looked at this. I pay $20 a board on labor and they supply the mud, corner bead, and tape. They are licensed and insured also. 4'x12' sheet of 1/2" drywall is running about $8 a board here. Roughly I end up paying about $30 per board on 8' ceilings and walls. Higher ceilings, vaults, trays, and any custom work is obviously higher. I mainly deal with new construction.
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Old 10-02-2011, 05:39 AM   #20
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Re: Insurance Company Estimate For Drywall


How has this thing made it the far. I thought old guys got up early.....

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