How Can I Sign Louisiana Banking PDF

Insure signature service order

is a mortgage company holding on to your insurance claim check this is mostly for contractors in the insurance restoration space but it's also especially valuable and useful for property owners this is a good one right here like i can't believe i haven't already made a video on this [Music] topic okay mortgage company insurance checks so the first thing you've got to understand about this topic is if your client or if you're the the client the property owner if the property owner has a mortgage on the property most of the time in that mortgage in the the terms of that mortgage it specifies how insurance claims are handled and also how insurance policies are handled so you have to understand that if there's a mortgage company and they have a significant stake in the property as far as equity goes then they're most likely going to require the property owner carry a certain amount of property and casualty coverage on the property of course it makes sense as to why right like if the property burns down or if it gets destroyed or significantly damaged by some other cause then what's to stop the property owner from just leaving the mortgage company hanging right like if they if they stop making their payments on the mortgage why would they still make the payments on the mortgage if the house is gone and couldn't be repaired then the mortgage company is going to suffer in that situation also so they're not stupid they require that in the mortgage they carry a certain amount of insurance on the property and the next thing that they require is in the event of any insurance claim how would that process play out and you have to watch out for this too uh you know because mortgage companies can have a clause in there where the ensure where the insurer the property owner can actually take a portion of their claim or all of their claim proceeds and apply it directly to the mortgage i found that out the hard way on a very large apartment complex fire job where the client sort of did this premeditated he was already in trouble with the property and he knew that he could do this and i had already fronted a significant amount of the expenses on the job before you know the money was flowing insurance checks were coming the approvals were already gained and uh the mortgage company was actually wiring the money as the insurance checks came in we got the property owner to sign off we sent them to the mortgage company the mortgage company wired the money in and so the process was going so well that i had an adjuster out who approved a bunch of damages on the property and i knew that there was a couple hundred thousand dollars coming and i decided to go go ahead and move forward with the project before that money actually came and on that last payment the client actually decided he opted to use those insurance proceeds and apply it directly towards the mortgage this made it so that he wasn't in breach or default with his mortgage so that's a little bit more complex but you just need to understand that the mortgage company has a significant stake in the property right and they're going to require that if the if the claim amount this is typically how it goes that if there is a claim and it reaches a certain amount a certain dollar amount that's the threshold so for example that amount might be 10 000. so it means that once the claim goes higher than 10 000 or there's an insurance check that's 10 000 or more then they're going to make that check out to the property owner and the mortgage company so be like john smith and chase home finance or wells far fargo mortgage for example right so you and you probably if you're a contractor watching this you've seen this over and over again and that's why you're watching it because you're frustrated because of the the time that it takes to get the mortgage company to release that check or to get their name off of the check or to deposit the money and send out a new check it that process is usually a glitch you know when you're handling one of these jobs and it's frustrating and why is that because first of all like if you're in this situation now and you're watching this i i would imagine this is probably how it is the insurance company comes out the adjuster comes out they send the first check that check is only the acv check it's only the actual cash value check that's all it really represents so it's not the full amount that it's going to take to repair this job anyway so it's like minus recoverable depreciation minus the deductible and then the actual cash value check that's the amount that they send to complicate matters further if you're a frequent viewer of my content you this you see that i talk about this constantly is that the insurance company when they come out to do that when they do their first inspection they write their first estimate they issue their first check that estimate is missing so many line items that it's really going to take to get that job done all of the time how many times is that does that occur a hundred percent of the time in my 20 plus year career in the insurance restoration industry i literally have never seen an xactimate estimate or an estimate from the insurance company that was not missing something like it was definitely missing something and so that first check is already short and then they subtract the depreciation the recoverable depreciation maybe non-recruitable depreciation also and the deductible so the money that's being issued that's made out to john q smith and wells fargo for example the mortgage company is not does not represent the full amount of the repairs to begin with now that check has to be sent off to the mortgage company and the mortgage company might have further restrictions on what it's going to take to get access to that money or more importantly to get that money to the contractor or contractors plural that are performing all the repairs to put the place back together again it's just one more added level of frustration after having you know gone through the hurdles of the insurance claim process now i'm here to tell you that i acknowledge that that this is an extremely frustrating fact and it's going to continue to be a frustrating fact however you can control just how much delay there's actually going to be like i don't believe you can alleviate and prevent and take away all delay but the quickest way possible that you could get your hands on the money i believe you can control meaning if you go through these these steps that i'm going to lay out here for you real quickly you should be able to get your hands on the money the the quickest way that it you possibly could get your hands on the money okay now the other thing is this is not a video about the the subject of assignment of claims if you thought that that's where i was going in this video it's not it's not like i'm not actually a huge fan of assignment of claims and if you don't know what that is you can probably do a little research and find out what assignment of claim even means and the first thing you should know is that depending on where you're watching this from in several states assignment of claim is not even legal i was handling a project just a couple weeks ago just very recently and it was a state farm claim and it was in a state where assignment of claims is actually legal i was looking through the declaration page and some of the policy just so that i could verify coverage and i happen to notice a little paragraph on assignment of claims that that state farm had put into this policy and basically what it was saying is that you may have an assignment of claim but we will not recognize your assignment of claim and at any time during the claim process meaning like they are still going to ignore your assignment of claim because it's a way for a contractor for example to use this assignment of claim and force the insurance company this is the belief anyway to deal with them as if they were the property owner themselves and so state farm is saying we recognize that there's this assignment a claim thing that's out there but if you have that we're still going to ignore it and we're still going to deal with the property owner directly however it can be used for the assignment of the claim proceeds meaning when claims are paid out that's a different story it basically says it doesn't say what they would do and you know during that part of the process but it does kind of say in layman's term but that would be a different story but it's just saying that we're not going to recognize that now i've been at different insurance inspections with adjusters or there's a property owner there and a contractor there and they'll and i've seen them ask the property owner you don't have assignment or claim on this do you yeah okay good because if you do beware of that you know so you need to understand that these adjusters are looking down on the assignment of clan and they talk about it in a defamatory way that can make you look bad so you have that understanding so i've had clients a lot contractor clients who have these assignment of claims and what i generally say is that's great that you have it but keep that in your pocket for now like we won't use that unless we have to and then it usually turns out that we never have to actually except for the mortgage company you know so if you if you're watching this and you're using the aoc the assignment of claims with mortgage companies and it's working for you great don't fix it you know don't fix what's not broken um so i'm talking to everyone else here the assignment of claims is not where i'm going here i don't think that you actually need it i i always say that the if you're the contractor you actually have a lot of leverage when you're dealing with insurance companies you have a lot of power to where you don't have to usually resort to other parties to help you with these things you have a lot of the power and the leverage yourself there's so many options that you can exhaust within the contractor lane and that is the same when dealing with the mortgage companies so i'll just tell you get into it now the steps that you have you've got to do i'm going to put it off any further i wanted to build a foundation for for that when you're signing up the client and i actually you know during a presentation with the client have you seen i'm going to put a thing here if you're watching on youtube put a little link here to watch this video on how i would actually sign up a client and sell them and go through that process but i think it would be useful if you haven't seen that to watch that because i have a unique way that i would recommend doing that but during that process i actually recommend going through your contract paperwork like the the blank version of it showing your your client what they're going to be asked to sign when that part comes and in that part on all contract forms that i would use and would advocate using if you're in my iescertified.com training course that's part of it the forms and documents 27 different xactimate estimate templates pdf esx building codes 40 plus hours of audio and video training but part of that is the contract paperwork that i would recommend using that does say by the way does not have an amount on it it does not need to have an actual dollar amount what i have instead of that is they're agreeing to pay the total is the total replacement cost value or total approved insurance replacement cost value like actually in those words this way you don't ever have to go back and change the contract paperwork as you progress as supplements are approved right and so you don't i've never needed to put a some insurance companies or mortgage companies will ask me to do that but i'll push back and show them that i've really got everything that i need um i have a secondary more in-depth contract that goes into the payment terms and usually that will suffice but on either one of those there's also a section in there that asks who is the mortgage company and the loan number so when i'm doing my presentation as a part of my presentation with a client i go through and i tell them here's what you'll be asked to sign when we get to that point like we're going to put in here there's not going to be any surprise on the price the price is a total rcv you'll see that right here it'll be written right there there won't be a dollar amount there it'll actually say total insurance approved replacement cost value um we'll do payments you know in terms of such and such so you'll know what that'll be right here we'll put the name of your insurance company and your claim number you you probably already know what that is here we'll put your mortgage company and you have a mortgage and i'll stop every time and i'll say like i'll stop right there and we get we have right here your mortgage and you have a mortgage i kind of like to keep catch them off guard when i ask them that question because some people tend to be a little hesitant with that information i don't understand why so i want to get to the truth of the matter i want to be thorough i want to get all of my ducks in a row when i'm signing someone up even before i present this to someone to propose that they sign up with me right so i get to it say put your mortgage company here loan number and do you have a mortgage and then you say yep i say okay we'll put that in there and who's your mortgage company i like to always follow up with that like a one-two punch two surprises right like who's do you have a mortgage yep and who's your mortgage company wells fargo okay great wells fargo so that just basically means that you know sometimes depending on how much the money is depending on how much the claim amount is or the check amount is uh the check may be named payable to you and wells fargo and in that case it'll be no big deal we have a process for dealing with that we'll probably need to fill out you know a bunch of forms probably require a w-9 a contractor's affidavit they'll probably want a copy of our estimate they'll probably want a copy of the insurance estimate our contractor paperwork and then we'll need to have you sign it and we'll send it all on our dime to one assurant way in springfield ohio four five zero six six because that's the address of wells fargo you know i like to do that um and that address is real and it's actually the address that a lot of the mortgage companies use if you if you notice you probably dealt with that before i'm from dayton which is close by so um i tend to remember that one but it helps you so then they see that see because they might already have a check in their possession depending on where they're at in that process and it might already be name payable to wells fargo so you covering this stuff and you kind of covering this in a process then and then how you deal with it maybe they've already seen the address maybe they already have already sent the first one in so that shows them that you know what you're doing and they're comfortable uh with hiring you because you're comfortable with this process like you're knowledgeable and experienced and so that's in the presentation part but i let them know you know we're going to have you fill out this contract and then we'll also have you sign this like if they said yes to the mortgage and i'd show them a form which i call the letter of authorization now if you've ever seen a chase home finance mortgage you know and you've had to go through this process they've probably you've probably seen a letter of authorization that they require and some other mortgage companies as well most mortgage companies will let you use your own but chase for example which you're going to come into to contact with a lot if you haven't already they're one of you know if state farm is one of the majority of claims you come in contact with chase and wells fargo bank of america are going to be the most common mortgage companies that you're going to come into contact with this challenge but chase for example will make you fill out their letter of authorization and you may take and make a copy of this form once you see it for the first time but it won't do you any good because at the top or bottom it'll have a little small little series of numbers that will identify that document to that particular claim or that particular loan number if you will and so for example they may want a w-9 you know this is a form that you can get right off of the irs website irs.gov you could download a w9 many of you on here are entrepreneurs small business proprietors you've had to do that a hundred times right so you know what a w-9 is you probably already have one on hand that you could provide well that's not going to work because their w9 even though it's an irs document again is identified with with little code right so i would have them fill out a letter of authorization though anyway no matter who it is uh who the mortgage company is i would just do that that way there they feel committed like they've already done it once but i may need to come back to them and have them fill out one that is from their mortgage company specifically at a later point in time but i am having them sign you know when we when we close the contract paperwork the letter of authorization now the letter of authorization what is that right it's just very simple one or two paragraphs that just says i john q smith you know the property owner do hereby authorize abc contracting for example i'm just giving a fake name here uh to discuss with wells fargo for example mortgage uh in reference to low number such and such in reference to my insurance claim process and you know put any information that you can on there the name address phone number if you have any problems questions or concerns please call me at this number or and or email me at the following email address and additionally if there is a co-signer of any kind or a co-borrower of any kind anyone that's a part of that process would have to would have to sign there okay but that letter of authorization would give the and i would explain to the client this gives us authorization to deal directly with with wells fargo so we can take care of these issues quickly get them everything we need we'll send everything on our fedex account like build to us and not to you and we'll do everything next day air to keep everything moving quickly so the project isn't held up because the funds you know getting held up from the mortgage company and it gives us authorization to discuss only the insurance repair process like we can't call them up and find out like how much your monthly payments are on your loan or how much equity you have in the in the property nothing like that none of that's any of our business we only have an interest in the repair process only so the letter of authorization getting them to sign that the contract paperwork and then from there um a w-9 having that on hand not one that they provided but your own having that ready having a copy of the most recent insurance estimate and from there if i know that there's a mortgage on this deal and i know who the mortgage company is a lot of times their advice like the mortgage company's advice is to like if they if they were to call the mortgage company the property owner if they call the mortgage company they say hey i got a check from state farm here and it's made out to me and to you for this amount what should i do then the mortgage company might say okay we're going to send you out a packet like of information that's explained to you exactly what to do so they send it regular mail snail mail it comes out to them it tells them hey send us the check and then we're going to do all this stuff and then we'll make a decision right so then they they wait for this packet to come and then they send the check off to the mortgage company now that's a big challenge if you're a contractor and you're letting your client do this the property owner if like if you're having them handle this part of it this is probably why it's frustrating to use because that does not work out very well most of the time sometimes it works great but most of the time it doesn't work good because it's not as large of a priority to the property owner most of the time as it might be to the contractor and you might be financing the job and that's what these owners need to understand like if you are a property owner and you're watching this because of what your contractor might be telling you you need to understand that the contractor is the one really who's financing most of this job because that first check from the insurance company the acv check is short minus the depreciation minus the deductible they have the acv check and that's it right and it's missing a bunch of items that's the thing you might not realize like the the contractor needs to be very diligent and put in tons of hours and a lot of leg work to basically do the insurance company's job for them to document all of the evidence all of the proof that they're going to need putting it into a sophisticated professional estimate line item by line item and going through a process to prove it to the insurance company to get all these things approved and that may take a little bit of time to do and so the last thing we need is for the mortgage company to be holding up what little bit of money there already is for that reason i say any check that comes in it should be turned over to the contractor like the whole thing there's exceptions if this is for several hundred thousand you want to split up in into phases i get that but for the most part i advocate like if you're the contractor that's what you should require and they say well i don't want to turn over 100 of my money up front you know really in all actuality it might be one-third one-fourth is what it actually represents of the total rcv by the time it's said and done okay so i think as a contractor back to the contractor point of view here as a contractor you need to make this a requirement like this is required we don't let the client do this because if you let the client do it then it's like hey mr jones by the way have you how things go with the mortgage company have you had a chance to reach out to them and talk to them or send the check to them oh man chad i forgot about that you know it's been really busy i'm gonna get that done the next couple days i promise and see it's not an urgency for them and they may not know that you need that cash to keep the job going keep everybody paid and keep your business running right and and it may not just be mr jones but you may have seven or eight mr joneses out there on the street and they add up and they produce stress now when i was a contractor in florida during the hurricane days multiple hurricane days in in 0.405 and and and later i remember my younger sister actually her full-time job she came to work for my company every day and her full-time job all day was to deal with nothing but mortgage companies not insurance supplements whatsoever we had a lot of volume it required that but she went in every single day and contacted mortgage companies each and every single day so here's the process that i recommend you playing out the insured signs it contract letter of authorization i would take those two things and the insurance check i would make sure that everyone endorses the back of the insurance check i would load that into a fedex envelope with that i would have a number of other documents i would have my w-9 completed and executed i would have my a copy of the most recent insurance estimate a copy of a contract with the client uh with without dollar amounts on it that says total rcv as well as anything else that you can provide to them and one of the things they might require is your estimate but your estimate really is the insurance estimate since you're agreeing to do all repairs that are prescribed by the insurance claim however it so i would if they do require that i would have a copy of my xactimate estimate but for like your version of it like with with all the repairs that the insurance company hasn't yet agreed to so one it just lets them know that your estimate is far greater than what the insurance check is to begin with and so that should help put extra pressure on them to release it but i put all this into a stack of documents and what i like to do is put just my little method you could use your own method but i'll put a sticky note like a little post-it note on top of each document starting with the check so i have the check first and i put a okay on the check and the next document would be the letter of authorization and i put a sticky note on that b that's the next document the contract c and on through the rest of the documents that i have okay and i put a big paper clip on top of them put it all into a fedex envelope and at the very bottom of that stack of documents is another fedex envelope that's return address not to me but to the client and i leave the return sender blank that's important a lot of times because some mortgage companies are funny like if you already have the sender filled out they won't use it or if you or if you already have the recipient uh assert like if you have a recipient to you they won't use it and so i'll have all that stuff filled out and then i'll have a cover letter that explains that we are the contractor that's been hired to perform all repairs for this particular insurance claim and the insurance company will have everything at the top insurance companies you know i'm sorry i'll have everything at the top mortgage company loan number the name of the property owners the address the phone number the insurance company policy number if i have that claim number and then i get into it we in the date we have been hired to perform all repairs that have been prescribed by this insurance claim the insurance companies send a check for a certain amount it doesn't represent the full amount it is the actual cash value we expect more money to be added at a later time but we are already moving forward with the project uh plea please release all monies as soon as possible by either returning the ch by either uh endorsing the check and returning it to the client or by depositing it and sending a brand new check please use overnight uh please use our included and prepaid next day air postage and i always mark include saturday delivery right i want the earliest time possible and the following documents are included and then i'll give a breakdown a is the check b is the letter of authorization c and on you know so i give them uh a through however whatever letter it is with a breakdown of everything that's included so that's the very top cover letter so they turn it they've got the check a b is the letter of authorization c you get the idea and then i'll send it off to them and i have the the client and i'll tell them like i could do it right in front of them like we'll have you sign the check drop it in here we'll seal it off together we'll send this off right now that's an added benefit and an added service in my opinion that if you're providing that for the client that full administrative service right there then instead of using that like something you want to shy away from like that you don't want them to go into depth about like you're fearful that they won't want to hire you if you have full control over that process instead of it being like that believe me this is a huge relief for most clients and then when they hear your level of familiarity with this process and they see that you know each and every step as to how to get it done they're going to feel confident in hiring you because because if they say they have to interview two or three other contractors before deciding to hire you who else is going to go through that level of detail honestly who of your competitors understands that entire process and puts it on themselves to go out and make sure that everything gets paid who's gonna do that so to me it's a huge selling point okay so i'll i'll send everything off next day era you know i don't like to waste any time with two day or multiple day it's always next day i do not um i'm not going to name shipping companies but i'll just say i don't like anyone else but fedex fedex to me is the most reliable you know you get you have the i'll tear off the track like the copy of the fedex postage that has the tracking number for the copy that's being sent but also for the one that's being returned i'll keep that one too i'll send it off and then that very next day you'll you'll see in the tracking that it's been you know received by 8 30 you know signed for by janus whoever you know and then so you can start calling right away i usually wait a day or two but you can start calling right away if you need to and let them know i see you know i'm calling to follow up with the packet that we sent which includes the letter of authorization which gives me authorization to speak with you and i show here that that's been received by you guys and signed for as of this morning at 8 30 a.m that helps a lot i could tell you almost always even though it's so complete and thorough there's almost always something that it's missing something that they need yet right or they'll say oh well we still need this well that's fine usually most things can be emailed and or faxed at that point and so it's not probably something unless it's the check unless you forgot to send the check it's probably not something that needs to be sent through the mail anymore but i i can't tell you how many people i've had tell me on the phone like wow this is the most complete organized like uh mailing that we've ever received and maybe they're thinking that not saying it but i've had a lot of people telling me that but in that case they're usually very willing to then help you out and make it a seamless smooth process because they appreciate most most of them do appreciate the time that went into that to make their job so much easier but anyway if there is something missing at least you'll know what it is right away that's why i recommend not letting too many days go by because these things if you sent that off and don't follow up a lot of times nothing happens and that's just an indicator that when people are just sending off a check by itself and nothing else nothing happens now i would like to say too before needing to send this to anyone you might not need to send it so contact them first contact the mortgage company or have the client you know contact the mortgage company hopefully it's a bank that's local if it is a bank that's local then you could take all the stuff directly to the bank you know with the property owner help them go directly to the bank and usually get a check issued right at that point or get the process initiated directly at the bank but uh that not being the case on so many of these deals where you have to send it i would send it in and then follow up with a phone call within two days and it's usually just a case of it's it's it's in a stack of files that includes all kinds of clients and it's all dealt with like a triage like an emergency room whereas your files in that stack somewhere on someone's desk and they're going along going along but someone's calling them and interrupting them all the time and saying yeah i'm calling about this file number this claim number this loan number and then they stop what they're doing and they go down and find that file take it out put it on the top and then that one now gets precedence that's why i think you need to be the one calling them and following up now if they say they have everything they need like by the time you get to that point they say they have everything they need ask them when is the check going to be sent and they'll tell you a lot of times like i want to know exactly how it's going to work they'll say well it's going to get it has to be approved by this department which usually takes 24 to 48 hours then it goes over to get printed out that takes 24 to 48 hours and then it gets sent okay please use the fedex uh prepaid postage that you see there do you see it yes we see it is it acceptable no it's not we need it to be okay well let me get you another one then that would be something you might have to send to them right um but usually if it's acceptable they'll tell you that and that lets you know you don't you don't have any issues with the fedex envelope so they should be using that and they'll tell you when they're planning to get it sent out okay now i'll follow up again the next day and i'll say i'm just following up how's the process going and see the story that they give me the next day because it's probably somebody different that's giving me the story they might say oh well i see that this is missing or this is you know something something but i always end it with do you see our fedex postage label there can you use it is it acceptable right and then i'll follow up again but i just think you got to be relentlessly following up with the mortgage companies if you have to be relentless with insurance companies you also have to be relentless with mortgage companies i've dealt with claims of all sizes uh you know six and seven figure claims where the bank was involved the mortgage company was involved but most of the time it's not that frustrating of a process for me i you have to already assume that if they tell you it's going to be wednesday that checks going to go out it's not going to be wednesday it's going to be thursday or friday or a couple days later but it would be much later if you didn't have everything that they're that they're requiring and if you didn't follow up with them this is just advice then but uh but again going back to what i said in the beginning of this the quickest way possible so it sounds complicated all these hurdles you got to jump through like if you've never heard of these things before it's really not you can make it a part of your process to where it's just part of the checklist part of things that you go through that you have for every closed and completed packet and it's more of a reason why you know it's it's more value that you're actually adding for your clients it you're more of a professional firm okay not just some contracting outfit you are a pro if you're an insurance restoration contractor you are a professional firm and so i find that usually they will endorse they can do this they can depending on their terms they can give it a special stamp or they send it back now it can be deposited it shows it it proves to the bank that it's been you know signature guarantee or an endorsement i don't know all the banking official terms that they're using but but it stamps the back of the check and now it can be deposited or another way is that they will issue a new check back to the client but because you issued your w-9 and all of your stuff they might have added you as a vendor and now it might be to the client and to you as the contractor honestly sometimes that's a nuisance to me um because that might be another couple you know you might have to have the client with you at your bank depending how your bank is but if there's no problems with with your bank it is an added layer of security right now some mortgage companies depending on you know if it's a lot of money sometimes they won't release the whole amount they'll say okay we're going to release the first 10 000 or the first maybe 20 000 is what it is you know upon receiving these documents and the check from you really without a lot of questions being asked other than the basic documents we require but then after that in order to get the second draft then we're going to send out an inspector to inspect that at least a certain percentage of progress has been done now that's interesting too and if you haven't had that happen yet it will happen it's another interesting wrinkle that comes up and i've also found like so they might say if it has to be 50 completed to get that next draft for example or it might have to be a third of the way completed how can they tell they're going off of the most recent insurance estimates this is why you're also simultaneously going through the supplement process and you're trying to get the insurance company to approve more money and as they send new checks i would repeat this process get them the new money and try to see that if they will release the first part of those new checks like if they're looking at it a little bit differently or for example if they're only going to give you uh the next draft they might give you a third okay if it's 50 completed or 33 completed if they're only going to give you a third at that next point it's only a third of that small check right it was never enough to begin with so it's not really a third that's why it's so important that you get them that additional supplemental checks those the supplemental checks as soon as they're coming in that way they're taking if it is a third it's not a third of the first check but it's a third of all the monies that they have received but again they can tell by the most recent approved insurance estimate so if that's xactimate and if i'm using exact domain how can i prove that to them so they they will hire their own inspector on their dime that's not something you have to do other than you probably have to call it in so if you know that it has to reach 33 or 50 or whatever the requirement is i would order the inspection a little bit ahead of time in my experience it usually takes about 48 hours for that inspector to have the assignment and sometimes even be there i've heard from mortgage company inspectors before that if they don't have that file completed and their results sent back to the mortgage company within 48 hours they'll actually lose the file and there might be more consequences than that so these have been very quick these parts of the process have been very quick in my experience most of the time with of course few exceptions there's always those exceptions bad apples but if you call it in you know two to four days later you should expect at least within a week you should expect to see an inspector already there so i'll call it in a little bit before it reaches that progression that way you're literally not losing any time in the in the process but i would use my xactimate estimate if you uh print out that you can print out a progress report version where it shows the percentages of of the line items for example like it shows you you know the percentages that each room represents of the project so and there's other xactimate reports that you can use to to actually demonstrate that you have completed 33 or 50 50 or whatever those requirements are and then they'll they'll require another inspection a lot of times again it's all depending on the amount these things are custom and unique to each claim and into each uh low number is what in my experience but usually they'll request the final inspection be called in at 85 sometimes 80 sometimes 90 or 95 it's it's not a hundred um they do leave you a little leeway for the final items to be completed now sometimes their terms are not reasonable like for whatever reason they're not going to be workable to your like this this this um cut and paste one size fits all cookie cutter approach that they use that's supposed to fit all claims will not work for your unique situation like you're not going to be able to get to that progress level without getting more of the cash because it would mean that the client has to come out of pocket for some reason they should not have to come out of pocket okay so if it's not reasonable for whatever reason i have found these lost draft departments at the mortgage company that's what they're usually referred to as like if you're calling up ask for the lost draft department that's usually who handles the mortgage or the insurance claim checks i found most of them to actually be willing to compromise and be a little bit more custom and make some concessions some changes to their one-size-fits-all approach to meet this particular need i have found that so i do think that it is worth a try to contact them and try to have a discussion with them with maybe the help of the property owner so anyway i hope this is helpful i have a feeling that it is you know based on the uh hundreds of clients and contractors i've talked to through the years where this is literally like one of the biggest challenges that they have but all right i'm gonna wrap this one up thank you so much for watching as always if you're not subscribed to my youtube channel please do so please like hit the bell practitioner podcast available on all platforms if you're listening to this there i sure do appreciate you much love and god bless peace [Music] [Music] [Music] good you