If the cost to repair flood damage is found to be 48% of the building's value, what is the best action if you think it's underestimated?

Consulting an objective third party for an assessment is the most effective course of action when there's suspicion that the cost to repair flood damage is underestimated. This approach ensures that a neutral and knowledgeable expert can evaluate the extent of the damage and provide an unbiased assessment. This is especially important in flood situations where damages can be complex and may not be fully apparent at first glance.

Engaging a third party can lead to a more comprehensive evaluation that takes into account all facets of the damage, including structural integrity and any potential future problems that might arise if repairs are not adequately addressed. By obtaining a second opinion, property owners can make more informed decisions regarding repairs and insurance claims, thereby ensuring that they are not financially shortchanged.

Trusting the contractor's figure, recalculating damage yourself, or ignoring estimates does not provide the same level of assurance. For instance, a contractor may have a vested interest in minimizing costs, while personal calculations might lack the expertise needed to accurately assess the damage. Ignoring estimates altogether could leave the property owner vulnerable to unexpected financial burdens later on. Thus, seeking an objective third party strikes the right balance between due diligence and expertise in flood damage assessment.