What does O & P mean on an insurance claim?

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Overhead and Profit Expense Overhead and Profit Expense Contractor expenses, often referred to as Overhead and Profit (O&P) is intended to cover the general contractor’s overhead and operating costs, as well as profit. It is typically estimated at 20% of the total amount of the contractor’s own rebuild or renovation estimate.

What is the difference between a VA fully developed claim and a standard claim? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE The standard process assumes that VA will be helping gather information about your case. The “”fully developed claim process”” requires YOU to gather all of the important information. You will have to submit that information as part of...
How long does an insurance company have to settle a claim in Florida? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Florida Statute 627.4265 states that an insurance company must pay within 20 days of agreeing to settle with the other party. However, if they fail to pay by the due date, then they must pay 12 percent annual...
How long does the insurance company have to respond to a claim? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE By law, insurance companies in California must open a good faith investigation within 15 days of being notified of a claim. Notification does not need to be in writing. The insurer must accept or deny the claim not...
How long does a claim take with progressive? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE 7 to 14 days How long do repairs take? We resolve many property damage claims within 7 to 14 days, but repair times can vary greatly based on your vehicle, the damage, etc. No matter what, we’ll work...
How long does a standard VA claim take? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE The VA estimates that it takes them 94 days to review a VA disability application. However, many cases take much longer than that. Here are some factors that can shorten or extend the time it takes to reach...
Why does EDD keep making me reopen my claim? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Your claim may be out of money and the time frame is not up and your state is in process of filing the federal extension for you. Normally, you go on line in your state and you go...

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