Every Blade of Grass has a memory provoking
post regarding the true current dimensions of 2x4s.
Washington State circa 1970s had
Certified Public Adjusters, licensed and regulated by the state; that would
represent insured vs. their insurer on claims, mainly fire loss.
During one of my unemployment stints in
construction, I solicited claims for one of these adjusters on a commission
basis.
A very old Masonic Hall was hit by arson
and suffered a significant amount of damage. We were able to solicit the claim.
The adjuster killed the insurance company. The building was built with real
2x4s, 4x4s, etc. That was what the insurance company insured, with no wavier
for changes in dimensions, and that is what they had to pay to replace. The
proposed settlement was in the high five figures. After the Certified Public
Adjuster finished his work, the settlement was in the lower six figures.
My commission on his commission caught up
a lot of bills and replenished the savings account.
A valuable lesson for me. In addition to
the most welcome commission, the necessity to look below the surface and
consider the history of a project saved my ass a few times in the years ahead.
As an example, check the county records
to see who is the actual owner of a piece of land before building on it for
someone else.
6 comments:
I know. Can you believe that stuff? Hurts my head. Unbelievable that a judge wouldn't just throw it out. Stupid ass people.
Surprising a lawyer would take on the case. Even getting paid, the hit on their professional reputation should dissuade them.
It's the new math they are forcing down the throats of the young. No one knows how to measure anymore. The Russians are forcing us to go metric.
Too old, too slow. Can't "think" in metric.
Heh, yeah good luck finding a TRUE 2X4 or 4X4 today...
It can be done but the expense!!!!
The Masonic Lodge cashed the insurance company check then rebuilt with what was available. Gave them a nice cash cushion against future rehabs.
Post a Comment