One way to protect your home is by investing in homeowners insurance. In the event that your roof sustains damage from unpredictable weather, you have your insurance to back you up in roof repairs or replacements. However, many homeowners do not understand the process of filing an insurance claim. If you are planning to file one following a storm, make sure you are armed with the right knowledge. Residential roofing contractor Versatile Roofing, LLC shares a guide to help you with what to expect in your insurance claim.
Assess the Extent of the Damage
First of all, you need to assess the damage to your home. It's best to show evidence of the damage to your insurance agent, so be sure to take photos or videos of your leaking roof or missing composition shingles. Don't forget the rest of your home exteriors as well, including your siding, windows and doors. In addition to that, you should also make a list of every item that needs repair and the estimated replacement or repair cost. This helps your insurance adjuster prepare a statement of loss for your property.
Review the Statement of Loss
Also called a proof of loss, a statement of loss is a document prepared by your insurance adjuster to itemize the damaged items or goods that require repairing or replacing. Once your insurance adjuster has written your statement of loss, don't forget to review it carefully.
The document should have the estimated cost to repair or replace each item, also known as the replacement cash value or RCV, as well as the "depreciation," which is the money held back until the actual repair or replacement is completed. The statement should also include the projected actual cash value or ACV, which is the RCV minus the depreciation and the amount you are estimated to receive to repair the storm damage.
Get a Roof Estimate
After a storm, you may want to consider having a professional roofing contractor inspect your roof for any signs of damage. If there are, they will be able to provide you with an estimate for roof repairs or replacements. Gather all the estimations and give them to your insurer when filing your claim. If your claim is approved, your insurance agent will adjust the "depreciation" column to show the actual repair or replacement and send you a check to cover the new amount.
At Versatile Roofing, LLC, our team of experienced roofers is thoroughly trained to identify roof damage. Expect us to find the right solution to address your roofing problems. If your siding or gutters also need repairing or replacing, count on us to provide the appropriate solution to these components as well.
To learn more about what we can do for you, get in touch with our residential and commercial roofing experts at (308) 234-7663. You may also fill out our online contact form to request a quote.
