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Home insurance, fire and bill of quantities

Staedtlerz · 2022-05-20 17:57:00

There was a fire in my house last year and negotiations are ongoing with the insurance company. They've obtained a quote/ bill of quantities for repairs from a company that they work closely with but the problem is that both companies are refusing to provide me with a full breakdown because they claim the information is…

20-05-2022 6:57pm

#1
Staedtlerz

Registered Users Posts: 1 ✭

Join Date: May 2022

Posts:
There was a fire in my house last year and negotiations are ongoing with the insurance company. They've obtained a quote/ bill of quantities for repairs from a company that they work closely with but the problem is that both companies are refusing to provide me with a full breakdown because they claim the information is commercially sensitive. So I have been given one figure for the total /overall amount but I have no idea how much is being allowed for each element.
I don't find this good practice but I'd like to know if it's normal practice in the insurance industry?

Tagged:

insurance

0

Answers

#2 20-05-2022 8:12pm

Jim2007

Moderators, Business & Finance Moderators Posts: 9,987 Mod ✭✭✭✭

Join Date: May 2010

Posts: 9816

It does not matter how much these firm come up with nor how they did it. The question you need to figure out is how much it will actually cost you with a builder who is actually available and willing to undertake the work. And how close that figure is to your figure.

2