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No such animal. The number of trades rule is bogus. It's part of a directive from the "Claims Bully" corner that's been used to short homeowners. Each state has a department of insurance that determines what policies may be sold with what language and at what premium. That premium was calculated by someone at the insurer's corner who factored in a general contractor when arriving at a replacement cost value (RCV)which is in turn used to calculate an actual cash value (ACV). You cannot eliminate general contractor overhead & profit in this equation without being guilty of ignorance or bad faith. Insurance adjusters are told to do this or do that depending on the company they are adjusting for at the time of your claim. The true value of your claim must include a general contractor and you should have a general contractor prepare a realistic restoration estimate... not a new construction or remodel estimate. No norms or standards apply... only what the market will bear. Get some local general contractors to write up a realistic estimate with plenty of overhead and profit because you're going to need it to put yourself back where you were before the loss and stand accountable long after the job is finished. This is why you have paid premiums. Your insurer can elect to not pay your claim in which case you need to demand, via certified mail, an explanation in writing. Don't get sucked in by slick adjusters. They are just doing a job according to directive. Get smart. Find a good lawyer if you can't adjust your own claim. Before you do make sure you have the right attitude about how this adjusting game is played.
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Why is the Carolina hurricanes the worst team in the NHL?
Injuries, bad luck, trades????? Take your pick.
When did the fur trade take place?
in the 1800 if your talking about the American fur trade because there was french and british fur trades too
What goals did the colonist have in waging the revolutionary war?
to make peace with the other people. to make profit for women and chrildren
What kinds of business practices caused some railroad owners to be accused of being robbers barons?
They literally stole farmers lands to sell for profit or to use. They used many forms of eminent domain to take land and not pay for it, plus they made crooked deals with government officials to get what they wanted.
How many voyages did Jacques marquette take?
How many voyages did Jacques Marquette take
What is the meaning of gross profit margin?
Your Gross profit margin is the price you sell a product for minus the cost you paid for that product. It does not take into cinsideration the overhead of your business. If you sell a product for $100.00 and it cost you $90.00, you made $10.00 gross. If the cost of your overhead comes out to $20.00, you have a net profit of -$10.00. Many companies can have a gross profit and lose money overall. Obama's current plan is to ensure more corporations show a gross profit and lower net profit.
Is 10 percent the standard for overhead and profit?
It's probably 33 1/3 percent. Overhead - meaning rent, utilities & wages for employees takes a third. Replacing the items you sold takes a third. Your profit should also take a third.
In insurance what does overhead and profit mean?
In those states that regulate insurance rates, among the factors evaluated are the overhead and profit of an insurer. Overhead includes salaries, upkeep on buildings, taxes, and those other usual and customary expenses that attend operating a business. An additional element of overhead for an insurer is the cost of reinsurance. Reinsurance is essentially insurance for an insurer. Rather than assuming all of the risk placed with the insurer by the policyholders that take out policies with it, the insurer will "off-load" some of the risk to a reinsurer in return for paying the reinsurer a premium. In order to stay in business, and for keeping the business worthwhile, the insurer will need to earn a reasonable profit. Regulators are sensitive to the need for a profit, but because they are concerned with the affordability of insurance for consumers, will examine the element of profit and ensure that it remains in reasonable bounds. That which is reasonable varies with the market and is a fluid concept.
How many percent should an industrial partner will take from the company profit?
What type of a percentage an industrial partner will take from the company profit varies greatly depending on the type and size of the partnership. A partner might take up to 50% of the profit or might take less.
How do you calculate predetermined overhead?
You take estimated overhead divided by the estimated level of production activity. It is used to assign overhead to production.
How long does it take to get a profit?
Depends on where you are looking to make a profit. In some cases a profit happens in seconds, while in others a profit never happens.
How many quarts of transmission oil does a 2003 Saturn Vue take?
How many quarts of oil does a Saturn sl1wagon 1.8 dual overhead camtake
How many quarts of oil does a 04 dodge stratus 16 valve 2.4 liter double overhead cam take?
4.5 quarts
How can you join a city of London guild?
You must take an examination in one of the trades of that Guild.
How many stocks traded on NASDAQ?
The NASDAQ has roughly 3,300 companies that are listed for trading. Each day over one billion trades take place on the NASDAQ.
2003 expedition overhead console rattle?
Take overhead console apart and look inside for any thing loss. It maybe as simple as a clip.
Construction Trades?
If you are deciding to train in a Construction Trades School, you are to be commended. Take the learning experience you receive in this course and apply the learned knowledge of refrigeration, roofing, carpentry, or masonry to your job and you will reap many rewards. Prepare to work overtime, weekends, holidays, and in various kinds of weather.
