Syracuse Roofing: Article About Roof Insurance Claim Tips
Roof damage is one of the most common types of home insurance claims. According to the Insurance Institute for Business and Home Safety, 90 percent of hail or high wind claims involve payouts to cover roof damage. The roof is also commonly associated with fire claims. Long before filing a claim, a homeowner should be familiar with their policy and ready with the right documentation. They will also need to discuss the situation with a Syracuse roofing contractor so they are aware of the cost of replacement or repairs and can discuss these costs with the insurance company.
Homeowners are often surprised to find that their insurance policy will not cover the full cost of replacing their roof. This is because it is now common practice among insurance companies to pay only the actual cash value of the lost roof. This means that depreciation of the roof is taken into account. An older roof will not be as valuable as a new roof, so while the claim will give money equal to the value of the lost roof, that money won't be enough to pay for a new one.
Have a question regarding insurance claim assistance or windows? Please ask a roofing contractor from Ideal Construction of Syracuse NY.
There is also a stark difference between what is considered normal wear or aging, and what is considered to be unexpected roof damage. Generally, homeowners' policies do not cover normal maintenance or replacement because of wear and tear. All roofs age, become worn and eventually fail. A roof that is failing due to standard wear is not likely to be covered by insurance. The company sends an inspector or agent out to determine if a claim is due to actual unforeseen damage or just normal wear.
The best way to maximize the payment for a claim is with visual documentation. Keep up to date pictures of the roof in its normal condition. Whenever roof work or maintenance is done on the roof, new pictures should be taken. This way, a homeowner can present an insurance agent with before and after pictures so there is a clear indication of the loss and damage.
It may also be beneficial to work with an experienced contractor before filing an insurance claim. Most insurance companies prefer that a filer already has a cost estimate in hand from a contractor they plan to hire for the repairs. The cost estimate helps the insurance company determine how much the homeowner is expecting to pay, and it helps the homeowner to know the difference between actual cost and how much they will be covered for.