A bad storm comes through. After it passes, you find your roof has sustained damage. Your first thought might be to call your insurance company. Before you do that though, you need to know a few things about insurance claims first.
What Is the Deductible?
When you started your homeowner’s policy, you chose a deductible amount as the amount you would pay before the insurance will cover the remaining bill. So, if the claim is $2500 and your deductible is $1000, you pay the $1000 while the insurance company pays the balance of $1500.
If the cost of the deductible is close to the cost of the repairs needed, it may not be worth filing a claim.
What Type of Policy Is It?
Today’s insurance policies fall into one of two categories. Some policies cover the cost of replacing what was lost minus the deductible. Other policies only offer the actual cash value of what was lost, which the replacement cost minus depreciation as well as the deductible.
If your policy only covers actual cash value, you will need to spend more out of pocket to get the work done.
What Does Insurance Cover?
The terms of your policy outline what it covers and what it does not. Most policies cover damage caused by fire, vandalism, and “acts of God” which includes hail, wind, and tornadoes. Some policies have exclusions in place for shoddy workmanship or lack of maintenance. Always review the policy itself for the exact terms.
What Should You Do When Your Roof Sustains Damage?
Call a roofer to get an inspection done immediately. You need to know what you are facing and whether you need to get your insurance company involved. The roofer can determine if repairs are needed or if you will need the entire roof replaced.
Contact your insurance company as soon as possible. If you have the roofer’s estimate in hand, it can make the process easier. However, don’t wait to start the claim process if you can’t get a roofer out immediately. The sooner you get the claim started, the better.
Contact Wyoming Roofing today if you need roof repairs or replacement. We will work with you and the insurance company to get the work done as soon as possible.