I had a contractor ask for me to pay for his insurance for a project, is this okay or should I find someone who is already licensed?
My contractor was adding a second story to my home. After taking off the roof, the contractor improperly secured the tarp on the house before a major rainstorm and the result was that my entire house was waterlogged (all dry wall was soaked) and my custom made 3/4" solid oak with mahogany inlay floors were destroyed. The contractor wants to take care of this rather than involve his insurance but by my estimates the cost to repair could be 30%-50% of what we contracted for the remodel. The contractor is already making judgment calls about which walls to completely tear out the drywall and which to save...but when I recently tested some of the walls the contractor recommended we leave in place they had moisture levels of 100%. Though I wanted to let the contractor take care of it, I am thinking that we need to have his insurance company pay us for the damages and then I can pay him a proper amount to fix the damage rather than leave the contractor in a position where he needs to cut corners to be whole on this project. What is your opinion? Should we get insurance involved?