If your home has sustained damage from a recent storm, you will likely need to replace your roof. This can be a costly and time-consuming process, so it’s important to make sure you are doing everything from checking your insurance policy to researching Boise roofing companies correctly.
That’s why Madison Roofing would like to discuss the top insurance roof replacement questions to ask before getting started. Having an understanding of what is involved in the process will help ensure that everything goes smoothly for you and your family.
What is the Difference Between an ACV and RCV Insurance Policy?
An ACV insurance policy will pay for the replacement value of your roof minus depreciation. This means that you will need to pay for a portion of the cost of the roof replacement out of pocket.
An RCV insurance policy, on the other hand, will pay for the full replacement value of your roof without subtracting for depreciation. This type of policy is typically more expensive, but it provides greater coverage in the event that you need to replace your roof.
What is My Deductible and How Much Will I Need to Pay Out of Pocket?
Your deductible is the amount of money that you agree to pay towards repairs or replacements before your insurance company will begin to cover the costs. For example, if you have a $500 deductible and your roof replacement costs $5000, you will need to pay the first $500 and your insurance company will cover the remaining $4500.
It’s important to know how much your deductible is before getting started with any repairs or replacements. This will help you budget for the work that needs to be done and avoid any unexpected costs.
What is Covered Under My Insurance Policy?
Not all insurance policies are created equal. Some policies will cover damage from severe weather events while others will not. It’s important to read through your policy carefully so that you understand what is and is not covered.
If you’re unsure about anything in your policy, don’t hesitate to reach out to your insurance company for clarification. They should be able to help you understand your coverage and what you can expect to receive from your policy.
What is the Process for Filing a Claim?
Filing an insurance claim can be a confusing and time-consuming process. However, it’s important to make sure that you follow all of the necessary steps in order to get the coverage you need.
The first step is to contact your insurance company and let them know that you will be filing a claim. They will likely have a specific form that needs to be completed in order to start the claims process. Once you have completed the form, they will send an adjuster out to assess the damage and determine how much money you are eligible to receive.
After the adjuster has assessed the damage, you will need to get estimates from Boise roofing companies for the cost of repairs or replacement. Once you have received the estimates, you will submit them to your insurance company for approval. They will then send you a check for the amount that they have approved.
What Kind of Roof Damage is Covered by Insurance?
In order to have your roof damage covered by insurance, it must be caused by a “covered peril.” This means that the damage must be the result of something that is listed in your policy as being covered. Some common examples of covered perils include severe weather events like hurricanes and tornadoes, fire, and vandalism.
If you’re unsure whether or not your roof damage is considered a covered peril, reach out to your insurance company for clarification. They will be able to tell you if the damage is covered under your policy and how much you can expect to receive from your claim.
Should I Call My Insurance Company or Roofer First?
If you have roof damage, your first call should be to your insurance company. They will need to send an adjuster out to assess the damage and determine if it is covered under your policy.
Once you have filed a claim with your insurance company, they will likely give you a list of approved Boise roofing companies that you can choose from in order to get the repairs or replacement done. If you already have a contractor that you would like to use, make sure to check with your insurance company first to see if they are on the approved list.
Schedule a Consultation with Madison Roofing
If you have roof damage, Madison Roofing can help. We are a team of experienced and certified roofing professionals who are here to help you through the insurance claims process. We will work with your insurance company to make sure that you get the coverage you need to repair or replace your roof.
Contact us today by filling out our online form or give us a call at (208) 344-5379 to schedule a free consultation. We will assess the damage and give you an estimate for the cost of repairs or replacement.
