Serving Florida Areas
Repairs / Remodels
Based in central Florida, Everdean Construction is a locally owned and operated State Certified Building Contractor and State Certified Roofing Contractor.
We are fully licensed and insured to provide complete construction services in both the residential and commercial markets.
Customer satisfaction is our priority. Our skilled team members provide expert services, and we offer premium products at a fair price.
We offer a five-year workmanship warranty* on all roof replacement projects. We are also an IKO / preferred craftsman Certainteed / Elite Shingle masters, Owens Corning preferred contractor, which allows us to offer a Lifetime Warranty* against product defects.
Welcome to Fund My Deductible!
A simple app that solves a complicated problem. We automate the deductible collection and compliance process for contractors in a way that is simple, smart and safe. Continue below to learn more about FMD and start funding today!
Below are some helpful videos to guide you as the contractor, the homeowner and your salesman with the setup process.
FMD Introduction Video for Contractor
FMD Introduction Video for Homeowner
FMD Contractor Training Video
FMD Salesman Training Video
What is the cost of using FMD?
We charge a monthly subscription fee of $49.99 +6% of monthly payments processed.
What is FMD? (A nutshell description)
We “fund” your homeowners payments, over time, for deductibles, upgrades, repairs and ANY other projects for Contractors. It’s not Financing. There are no dealer fees, No credit checks, No interest or Late fees to the homeowner. We are collecting and processing payments for you and the contractor. We pay you out 94% of everything collected the following month. You set the payment terms with the homeowners and we do the collecting, processing and distribution.
How it works (A nutshell description)
Let’s say you have a homeowner who needs a new roof and they don’t have the extra $money up front to pay for the deductible. With FMD you can offer them a flexible way to pay out the deductible, over time on a monthly installment plan. You set the terms/agreement with the homeowner and we process the payments and pay you out the following month on everything we collect from your homeowners. We do all payouts by the 15th of the following month.
Let’s say a homeowner, on a fixed income, has a $2000 deductible and they can’t pay it up front. You will be able to offer them the option to pay it out overtime on monthly installments with our system. They can afford $100 a month. You would setup the installment agreement in our system at 20 months for $100. You can set the “start payment date” for a future date out to 90 days and once the first payment has been made by the homeowner, you both (the homeowner and contractor) will receive a PDF Certificate showing Proof of Payment of the deductible with FMD. You will submit this to the insurance company for proof of payment so that they will release the depreciation on the claim. If you have a homeowner that needs to change their payment date, they can log in and extend the payment date as long as it doesn’t succeed their next invoice. Also, the homeowner has the option to pay off the total amount at any time they choose.
We charge a monthly subscription fee to the contractor of $49.99 a month +6% of monthly payments processed. The subscription won’t begin until AFTER the 1st month of signing up the very 1st customer.
Each time we process a payment we will keep 6%. In the scenario above, each time a $100 payment is made, we keep $6 and you keep $94.
The lowest monthly payment we will accept is $25 or 1% of the total deductible/project being funded. With the flexibility allowed, you could set up a $2000 deductible over 80 months at $25.00 a month. That is 6 years and 7 months. The flexibility is flexible!
There is NO maximum amount that can be funded. Only a max amount of no more than100 payments will be accepted. That is 8 years and 3 months. The flexibility allows you to set your own terms per customer. If you want to accept no more than 12, 18, 24, 36 payments, etc….
We also do the collections. If a homeowner goes into default we will attempt to collect up to 4 tries with the credit card on file. Then we will make phone calls, and send a certified letter. If we are unsuccessful in collecting we will discuss with you in how to proceed with the collection process and/or should you want us to report the bad credit.
Proof of Payment:
Once a homeowners 1st payment has been made, the homeowner and contractor is sent an email with a pdf certificate showing proof of payment to be submitted to the insurance company.
Other Options to use FMD:
You can offer homeowners a way to collect bonus miles and reward points for credit cards? Even if they have the money up front set them up on an auto payment in fewer installments to gain quick bonus or mile points and to have the extra money each month.
Offer Upgrades. Your homeowners can roll upgrades in with the deductible installment and they will end up making money for premium reductions, tax credits etc.
Outstanding Balances/AR? Setup homeowners with outstanding debt on a monthly installment plan and collect what you have already written off. If you can give your homeowner a chance to do right, they most likely will.
It’s a win win for everyone!