The undersigned property owner authorizes KPW Roofing, LLC, to proceed with the repairs to the property located below. The completed repairs are to resemble (as much as possible) the condition that existed before damage occurred. The scope of work to be completed and the price to be paid for said work will be mutually agreed upon by KPW Roofing, LLC, and the insurance company and/or its representative.
Notice to Insurance Company - Assignment of Claim & Covenant of Payment
This contingency agreement serves to direct the insurance company(s) that may be liable for this loss, in whole or in part, to KPW Roofing, LLC, the money due in the connection with the work hereby authorized. In accordance with MISSOURI law, the insurance company must also insert the name "KPW Roofing, LLC" on any draft(s) made as a payment for said loss. I/We agree o endorse the same over to KPW Roofing, LLC, in the amount due. All rights to insurance proceeds relating to this authorization are assigned to KPW Roofing, LLC.
KPW Roofing, LLC, will complete any and all other home repairs upon approval of the insurance claim by the property owner's insurance company. If the insurance company does no approve the claim, this contract will be null and void and the property owner shall owe nothing. The only cost to the property owner(s) will be their deductible, other than any upgrades or items not paid for by the insurance company and will be pre-approved and paid for at the property owner's expense. Property owners shall give or endorse over all insurance proceeds checks to KPW Roofing, LLC, including any supplement or supplement payments made b the insurance company.
KPW Roofing, LLC, is authorized to do the work outlined in the Scope of Work or (loss sheet) and approved by the insurance company incorporated by reference. By my signature below, I agree to the Terms and Conditions contained in this Agreement. I acknowledge receipt of a copy of this Agreement.
Once the insurance estimate is received, parties shall sign a contract which shall become part of this agreement and clarify exactly the work to be done. Out-of-pocket payments due or becoming due under this agreement are to be paid within TEN (10) days after the work has been completed. Insurance drafts are to be paid within TEN (10) days of receipt from insurance carrier. Payments may be ACH drafted from property owner bank account after TEN (10) days. Past due payments shall be subject to a monthly interest rate of One and a Half Percent (1.5%). If the agreement is placed in the hands of an attorney for collection or if collected by legal proceedings, I/We agree to pay any legal fees or court costs incurred by KPW Roofing, LLC. KPW Roofing, LLC, shall have no obligation to provide any warranty whatsoever until payment is received IN FULL.
