Q. Is hail and wind damage covered under my insurance policy?
A. Most insurance carriers cover wind and hail damage depending on the severity.
You will have to read your policy or just call your Insurance companies 24-hour claims assistance phone number, they will be able to easily answer that question.
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Q. How do I file a Homeowners Insurance Claim for roof damage?
A. Before you file a claim it is best to have a qualified Roofer inspect your roof for damage. once you have determined the damage warrants a claim, call your insurance companies 24/7 claims reporting hotline. Let them know your roof was inspected, you have damage and you want to file a claim. They will give you claim number at that time and an adjuster will be assigned your claim. Within in 72 hours the adjuster will contact you to set a time to inspect your roof. It is good idea to have your Roofer meet with the adjuster to ensure all damage gets counted and gets counted accurately the first time. Each delay can drag out the repairs over months unnecessary back and forth re inspections and paperwork.
Q.What will the hail damage repair cost be?
A. your insurance company will pay the replacement cost value minus your deductible. For this example we will use $10,000 as a round hypothetical number. So if your roof cost $10,000 to replace and your deductible is $1,000 the insurance company will pay you $9,000. The roof will still cost $10,000 to replace so the homeowner will have to pay the Roofer the $1000 deductible out of pocket.
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Q. What is depreciation for a hail damage roof insurance claim?
A. Most insurance companies will typically hold back 30% of the claim until the roof is complete and they see a invoice from the roofing company showing a bill for the full $10,000. At that point they will release the remaining 30% of the roof portion of the claim. If they see a bill for a lesser amount than the replacement cost they allowed, they will deduct the savings from the depreciation. As a Homeowner you want to find a Roofer who will put on the best roof possible with the money the insurance company will allow. Finding a cheap contractor will only save the insurance company money and give the homeowner a inferior roof.
Q. Will my mortgage company get involved with my roof claim?
A. In most cases your mortgage company will have to endorse the payments made by your Insurance Company as they will be named on each check. You will need to call your mortgage company to see what they require. They may request a copy of the claim, the contract with the Roofer and a cancelled check for the amount of the deductible paid to the Roofer. Since endorsed payments by the insurance company can be deposited by the roofer, the only proof of payment in full is the deductible. That lets the mortgage company know there is no chance of a lien on the property, allowing them to release the remaining funds.
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Q. How to deal with Insurance adjusters for a insurance claim?
A. It is best to leave this to a qualified roofing company who deals with insurance adjusters everyday. If you haven’t filed a few hundred claims you will be left at a severe disadvantage.
usually the damage is clear, it’s there or it’s not. In the case where the two parties cannot agree a umpire may need to be called in and the arbitration Clause of the policy be invoked.
A good Roofing Contractor will use the same price list software as the insurance company to ensure both parties are pricing correctly. The Insurance company owes for the fair market value of the roof. Some carriers train adjusters to lowball the initial estimate, saving them hundreds of millions of dollars each year. Homeowners have no way of knowing what the true fair market value is and how to write the estimate in a form that the adjusters cant say no to.
