How to Speed Up Insurance Payments as a Restoration Contractor
Cash flow is the lifeblood of restoration contracting, yet the average insurance claim takes 45-60 days to pay. Meanwhile, your suppliers want payment in 30 days and overhead keeps piling up. You’re essentially financing insurance companies with your working capital. The contractors who get paid in 20-30 days aren’t luckier—they’re smarter. This guide reveals ten proven strategies to accelerate payments: submitting adjuster-ready claims from day one, using strategic timing for submissions, mastering follow-up without being annoying, eliminating supplement delays, leveraging direct deposit and EFT, building adjuster relationships, knowing when to escalate professionally, implementing payment tracking systems, understanding assignment of benefits, and working with claims management specialists. Learn why payments slow down and how to control every factor within your power.