Payment of Overhead and Profit

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One common problem that has been arising is when overhead and profit should be paid in response to a property insurance claim. For those not aware, overhead and profit (generally estimated at 20% of the total amount of the estimate) is intended to cover the overhead/operating costs of a general contractor as well as the… Read more »

Property Damaged by hailstorm

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When the roof of McWha Book Store in Belton was damaged by a hailstorm on March 28, 2014, the owner was unaware that a severe storm had been through the area because he was out of town. After he witnessed neighbors making repairs to their property, he inspected his roof and found damage in which… Read more »