Residential Property Hail/Wind Damage Assessment:
If your home was in the path of severe weather have one of our highly trained hail inspectors assess the property damage and determine the scope of work and specifications required for a professional repair.
We provide homeowner's across the Midwest with new roofs, re-roofs, roof repairs, and annual maintenance contracts. We have project manager's for asphalt roofing, slate roofing, ceramic-tile roofing, cement-tile roofing, steel roofing, and cedar-shake roofing. Whether it is a cash-bid job or an insurance replacement, we have a professional staff with a solution for you.
Finding out if you have storm damage
After the storm has passed, it is important to have a Storm Restoration Contractor take a thorough and accurate assessment of your property. Finding a Storm Restoration Professional that you are comfortable with is the first step in the process. Once you have chosen a company to help you assess the damage and make the needed repairs, the process usually includes the following steps:
» A representative completes a thorough inspection for damage to the property.
» That representative makes a recommendation on whether to file an insurance claim.
» If necessary, the representative can assist you in filing the insurance claim
» The representative is on-site to assist the insurance adjuster to recognize all of the damage.
» The Restoration Contractor works to ensure that adequate funds are available for repairs.
» Once a scope of work and specifications is agreed upon, construction can begin.
Things Property Owners Should Know
It is important to have a full understanding of the insurance process and the steps involved in a storm restoration project. Investing a small amount of time to learn this information today may be the difference between getting a professional repair or an amateur nightmare.
>Policy Type (RCV) Vs. (ACV)
Replacement Cost Value (RCV) Policy Vs. >Actual Cash Value (ACV) Policy
After you file a storm damage claim, there are two methods your insurance company may use when compensating you to bring your home/property to a "pre-loss condition"; one is Replacement Cost Value (RCV) Policy, and the other is Actual Cash Value (ACV) Policy: the difference being whether or not depreciation will be paid for you by insurance or if it will become your out-of-pocket cost in addition to the deductible.
Replacement Cost Value is similar to "New Car Replacement" in the sense that when your claim is approved, Insurance reimburses you for the current value of the vehicle, based on age and mileage, plus enough extra compensation required for a new vehicle. RCV for your dwelling and property is exactly the same, your Insurance Policy covers all costs necessary for Full Replacement with Recoverable Depreciation.
Actual Cash Value is similar to liability insurance. For example if your roof is expected to last 20years and is damaged by a hail storm when it is 10years old, your insurance would cover 50% of the Replacement Cost Value less the deductible. Why only 50%? The roof is expected to last 20years and since it is 10years old, the Actual Cash Value is approximately one-half of the current Replacement Cost Value or new roof. The 50% you lose in non-recoverable depreciation will increase your out-of-pocket costs beyond your deductible.
Upgrade to Code Coverage
Your policy may or may not include a clause to bring your property up to current building code requirements. The municipality in which you reside establishes building code requirements. If your policy includes this coverage, your insurance company will be responsible for the additional cost incurred to meet code requirements. If your policy does not include this coverage, you will be responsible to pay the additional expense out of pocket.