Contingency Agreement???
What is a contingency agreement? The Contingency agreement says three things. One, it allows the contractor to discuss the details of repair with the insurance company on your behalf. You can only imagine that your information's protected, right? It's private.
Number two, it states that your contribution is your price lock guarantee. There are no surprises. You're not locked in anything and it is completely contingent upon approval.
And the third thing states that they'll become the contractor of choice to actually do the work should it get approved. So again, there's everything to gain and nothing to lose. As a homeowner, my best advice is make sure you're comfortable with the contractor and knowing that this actually provides a very valuable working relationship for you as opposed to something that you're locked into.
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