Yes, it's possible for you to take a cash settlement and have a contractor of your choice complete the necessary repairs rather than using one of our preferred contractors. Whether you want a cash payout to repair the damage through a contractor of your choice or use it as part of a larger home renovation, the choice is yours.
After the estimated cost for repairs is determined, factoring in depreciation, you'll receive a payout for the repair costs. Keep in mind that if you do choose a cash settlement and later proceed with a contractor of your choice, they may not offer any guarantees to the work they've done.
Whether you choose to use one of our preferred contractors to complete repairs or decide to receive a cash settlement, your dedicated claims advisor will be there to help you with your next steps.