The Role of Depreciation in Your Roof Insurance Claim

• Actual Cash Value (ACV) Policies: These policies only cover the depreciated amount, meaning the homeowner is responsible for paying the difference.
• Replacement Cost Value (RCV) Policies: These cover the full cost of replacing the roof, but the homeowner must complete the repairs and pay the deductible before receiving the full reimbursement.

How Deductibles Impact Your Roof Claim

The Roof Claim Process: What to Expect

Avoiding Common Misconceptions About Deductibles

5 Steps to a Successful Roof Insurance Claim

1. Review Your Policy in Advance – Familiarize yourself with the terms regarding depreciation, deductibles, and coverage limitations before filing a claim.
2. Work With a Trustworthy Contractor – Choose a roofing contractor experienced in handling insurance claims to ensure proper documentation and communication.
3. Document the Damage Thoroughly – Take clear photos of the damage, keep repair receipts, and maintain records of all communications with your insurance provider.
4. Stay in Contact With Your Insurance Company – Follow up regularly to track claim status and clarify any uncertainties about the claim payout process.
5. Consider a Public Adjuster for Assistance – If you encounter challenges, a licensed public adjuster can help negotiate the claim and advocate for a fair settlement.

Protecting Your Home Without the Stress