Do I really need to get three bids for the repairs to my home?
There's nothing in the insurance policy that says you need to get three bids. The insurance policy essentially says that you need to submit a claim. This “three competitive bids” scenario is definitely not in your best interest. You are entitled to a reasonable amount of money for the damage done to your home; not necessarily the lowest bid which in some cases could be a contractor that has a preferred vendor relationship with an insurance company. So make sure you understand the claims process as well as your rights and responsibilities.
And get smart. Get educated. Get the most...by hiring the best.