Originally posted by MacDaddy67
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Let’s say the Replacement Cost Value (RCV) is $10,000 and you have a $2,000 deductible. If you submit that invoice for $8,000 the insurance will pay $8,000 less $2,000 deductible for a net payout of $6,000.
The only way you pocket cash is to provide a false invoice for $10,000 or more and pay the roofer the $8,000. At $10,000 you break even.
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