Insurance Agreement 2017-09-24T10:42:58+00:00

GO PRO CONSTRUCTION AND RESTORATION INC.

1930 VETERANS MEMORIAL HIGHWAY, STE 12, ISLANDIA NEW YORK 11749
EMAIL: GOPRO4102@GMAIL.COM
PHONE: (844) 517-8418
FAX: (631) 410-5522
SUFFOLK LICENSE NO. 53984

THIS AGREEMENT MADE BETWEEN US AS THE CONTRACTOR AND YOU AS THE OWNER(S) DATED

DATE
YOU
AND
ARE THE OWNER OF
YOUR PROPERTY WAS DAMAGED
BY FIRE WATER, STORM, WIND
OR VANDALISM ON THE DATE



YOU HAVE STATED THAT YOU WANT TO HAVE THE DAMAGE REPAIRED AND THAT YOU WISH TO HAVE THE WORK STARTED AS SOON AS POSSIBLE.

YOU HAVE ALSO STATED THAT YOU DO NOT HAVE THE MONEY TO PAY FOR THE REPAIR WORK AND WISH TO HAVE THE INSURANCE PROCEEDS OF THE INSURANCE POLICY THAT YOU STATE IS INSURING YOUR PROPERTY USED TO PAY US FOR THE REPAIR WORK.

1) WE AGREE TO REPAIR YOUR PROPERTY BY SUPPLYING ALL THE LABOR, MATERIALS AND SERVICE NECESSARY TO REPAIR YOUR PROPERTY THAT WAS DAMAGED. WE AGREE THAT THE COST TO DO THIS REPAIR SHALL EQUAL THE TOTAL OF YOUR INSURANCE SETTLEMENT ON THE PROPERTY PORTION OF YOUR INSURANCE SETTLEMENT. WE CANNOT STATE THIS AMOUNT IN THE AGREEMENT SIGNED TODAY BECAUSE THE AMOUNT HAS NOT YET BEEN DETERMINED. HOWEVER WE AGREE THAT YOU WILL BE REQUIRED TO MAKE ANY PAYMENT OUT OF YOUR OWN PROCEEDS AND THAT WE WILL LOOK TO THE INSURANCE SETTLEMENT IN ORDER TO BE PAID. AFTER THE SIGNING OF THE CONTRACT, WE WILL PROVIDE YOU WITH AN ITEMIZED LIST OF THE WORK THAT HAS TO BE DONE KNOWN AS CHEDULE A. THIS SCHEDULE MUST BE SIGNED BY YOU AND US. YOU WILL BE FURNINSHED WITH A DOCUMENT, WHICH IS CALLED A PROOF OF LOSS, WHICH YOU ARE REQUIRED TO SIGN. THE PROOF OF LOSS WILL STATE THE EXACT AMOUNT THAT WILL BE USED TO PAY FOR THE WORK FROM THE INSURANCE PROCEEDS. WE AGREE THAT WE WILL FURNISH THE SAME OR SIMILAR MATERIALS AS REQUIRED IN THE SCHEDULES. HOWEVER, WE HAVE THE RIGHT TO SUBSTITUTE MATERIALS OF EQUAL QUALITY IF THE DUPLICATE MATERIAL IS NOT AVAILABLE OR WOULD NOT BE PROPER FOR THE COMPLETION OF THE WORK.

2) IT IS AGREED THAT THE CUSTOMER WILL OBTAIN ALL PERMITS THAT ARE REQUIRED BY ANY LOCAL LAW IN ORDER TO DO THE WORK.

3) WE ARE NOT RESPONSIBLE FOR ANY RENOVATIONS, REPAIRS OR REHABILITATION THAT WILL NOT BE SET FORTH IN THE SCHEDULES OF WORK KNOWN AS SCHEDULE A, NOT FOR ANY ADDITIONS OR CHANGES UNLESS AN AGREEMENT SIGNED BY YOU AND US SETTING FORTH THOSE ADDITIONS OR CHANGES IS ATTACHED AND KNOWN AS SCHEDULE B.


4) YOU AGREE WITH US THAT THE EXTENT OF THE WORK AND ITS COSTS ARE ESTIMATES ONLY UNTIL SUCH TIME THE SCHEDULE A IS SIGNED. IF WE HAVE ALREADY DONE WORK TO YOUR PROPERTY AND IF YOU THEN REFUSE TO ALLOW US TO CONTINUE WORKING, YOU AGREE THAT BECAUSE IT WOULD BE DIFFICULT TO KNOW HOW MUCH WE WOULD BE ENTITLED TO, WE WILL BE ENTITLED TO ALL PAYMENTS FOR THE WORK COMPLETED TO DATE PLUS A PROFIT OF 20% IN ADDITION TO REASONABLE ATTORNEY'S FEES IF NECESSARY.

5) YOU AGREE TO ASSIGN TO US ALL YOUR RIGHTS AND TITLE TO THE INSURANCE POLICY OR POLICIES ON YOUR PROPERTY AND THE RIGHT TO COLLECT ANY LOSS SETTLEMENT IN EITHER YOUR NAME OR OUR NAME.

6) YOU ARE REPRESENTING TO US THAT YOU ARE THE OWNER OF RECORD OF THE PROPERTY AND THAT YOU HAVE THE AUTHORITY TO SIGN THIS AGREEMENT AND TO BIND ALL THE OWNERS OF THE PROPERTY. IF YOU ARE NOT THE OWNER OR DO NOT HAVE THE AUTHORITY TO SIGN THIS CONTRACT FOR THE OWNERS YOU WILL BE PERSONALLY RESPONSIBLE TO PAY US.

7) YOU AGREE TO KEEP THE PAYMENTS ON YOUR MORTGAGE UP TO DATE AND THAT IF THE HOLDER OF YOUR MORTGAGE DEDUCTS ANY MONIES FROM THE INSURANCE PROCEEDS, YOU WILL HAVE TO PAY US FOR ALL MONIES DEDUCTED.

8) YOU WILL AGREE THAT THE HOLDER OF YOUR MORTGAGE MAY GIVE US ANY INFORMATION REGARDING THE STATUS OF YOUR MORTGAGE.

9) IT IS FURTHER AGREED THAT ALL INSURANCE PROCEEDS ARE TO BE DIRECTLY RELEASED TO THE CONTRACTOR HEREIN UPON RECEIPT OF SAME. SHOULD THE HOMEOWNER WITHHOLD SAID PROCEEDS, THE CONTRACTOR SHALL CHARGE A REASONABLE PENALTY OF $300.00 PER DAY UNTIL FUNDS ARE RELEASED.

10) WE AGREE TO BEGIN WORK ON OR ABOUT THIS DATE OF


DATE


HOWEVER THE DATE THAT WE ESTIMATE TO FINISH THE WORK MAY CHANGE AND WE MADE CHANGE AND WE MAY BE FORCED TO FINISH THE WORK AT A LATER DATE DUE TO CIRCUMSTANCES BEYOND OUR CONTROL SUCH AS STRIKES, DELAY IN RECEIVING MATERIAL, ACT OF GOD SUCH AS TORNADOES OR FIRES OR OTHER CIRCUMSTANCES SUCH AS THE INVESTIGATION OF THE CAUSE OF THE DAMAGE OVER WHICH WE HAVE NO CONTROL. YOU AGREE THAT THE DATE WHEN WE EXPECT TO START THE WORK AND THE DATES WHEN WE EXPECT TO BE SUBSTANTIALLY FINISHED WITH THE WORK ARE THE ESTIMATES AND ARE NOT DEFINITE DATES.

11) THIS AGREEMENT CANNOT BE CHANGED, ADDED OR MODIFIED IN ANY WAY UNLESS THIS CHANGE IS IN WRITING AND SIGNED BY YOU AND BY US.


YOU, THE BUYER, MAY CANCEL THIS TRANSACTION AT ANY TIME PRIOR TO MIDNIGHT OF THE THIRD BUSINESS DAY AFTER THE DATE OF THIS TRANSACTION.


TOTAL COST OF REPAIRS REPLACEMENT COST PROCEED OF DWELLING

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