Your home is tasked with protecting you and your possessions from the elements. However, over time it will sustain damage, especially if your area is prone to strong storms. Once this happens, it’s highly recommended that you have the damage repaired immediately. Unfortunately, not everyone has the funds to get the repairs taken care of right away. Thankfully, this is where storm damage claims come in.
Here’s what roofing company Glam Roofing & Contracting, LLC. wants you to know about insurance estimates for your storm damage claims:
Assess all damage. When trying to understand estimates for storm damage claims, one of the first things you should do is assess the damage your home has sustained. While you’re at it, document it and make a list of every item that needs to be repaired or replaced as well. This way, you can provide your insurance adjuster with a better idea of the extent of the damage incurred during the storm.
Obtain and review the statement of loss. Once the damages have been assessed and the statement of loss has been completed, be sure to obtain and review this document. Thankfully, any roofer will tell you that your insurance adjuster will willingly hand it to you once it’s drawn up or send it to you by mail. Once you have it, review the itemized replacement cash value (RCV) of each item; the depreciation, which is the money held back until the actual replacement or repair is completed; and the projected actual cash value, which is the RCV minus the depreciation and the amount you’re expected to receive to repair or replace any damages.
Gather all estimates. Finally, after reviewing the statement of loss, gather all the repair or replacement estimates of your project and give them to your insurance provider when filing your claim. Once the claim is approved, your insurer will adjust the “depreciation” column to show the actual repair or replacement cost. Afterwards, they’ll send you a check to cover the new amount if applicable.
Are you looking for someone who can replace your roof after a storm? If so. don’t hesitate to turn to Glam Roofing & Contracting, LLC. When it comes to roof replacement and repair projects, we’re the number one professionals to approach, and you can count on us! Give us a call at (404) 925-2266 or fill out our contact form to get a FREE roof replacement estimate. Talk to us today!