How does insurance work with roof
replacement in Augusta?
Have you recently had your roof damaged by a storm, wind or accident? If you are wondering about how insurance works with a roof replacement the odds are you answered yes to the question above. The first thing we have to assume is that the insurance company is going to cover the cost of a new roof. Insurance policies only cover damages which happen suddenly, if you are trying to get a new roof because the one you currently have is simply getting old then your insurance company would most likely decline the claim.
It is a good idea to first start the process by understanding what types of coverages your policy offers inside its plan. The quickest and easiest way to find this out is to contact your insurance agent or go to the policy section of your insurance company's website. If you have come to the conclusion that your insurance will probably cover the cost of damages then you can begin the claim process.
Accessing damage/ roof inspection
The majority or insurance companies will require a roof inspection either from themselves or a roofing company in Augusta such as ourselves. Your agent will usually disclose which method they would prefer. When it comes to roofing claims there are two types of policies which are the actual cash value and replacement cost policies. The actual cash value policy in short means that the company will do an evaluation of what your roof was worth before the event and write you a check for that same amount which in theory should cover the majority of the roof replacement costs. Replacement cost policies are just what they sound like, It is the cost required to replace the roof minus your deductible.
To provide an example Let's assume that your 30 year asphalt shingle roof is 10 years old, the actual cash value of the roof would be the original cost divided by two thirds. If the roof was $10,000 this means the insurance will only provide roughly $3,330 and the rest would come out of pocket. Under a replacement cost policy the insurance company would charge your deductible (let's say is $2000) and they would cover the remaining price for the same type of roof. If you are not sure what your current deductible is, be sure to contact your agent, the national deductible range can be anywhere from $500 all the way up to $10,000 with $1000 being around the national average. Some policies and companies have higher wind/hail deductibles so be sure to run it by your agent for more information.
Once you have begun the claim you need to inspect your roof soon after the damages have occurred, be sure to take pictures of all the damaged areas as soon as you see them. Any evidence and proof of damages will help your claim get approved faster which means the roof can get installed sooner. If secondary damages can occur be sure to mitigate (stop or lessen) them otherwise some companies may reject the claim. For example if a tree fell through the house and burst a pipe you would turn off the water to the entire house before severe water damages happened in the interior of the home.
When choosing a roofer in Augusta, GA to come inspect the home we hope our company is the first one you call. The final step for the roofing insurance claim process is to pay your deductible. Once the deductible is paid then the roofers can come out to repair and replace the roof. The insurance company sends a check or pays directly to either the roofing company or yourself. In most cases the insurance company will be in contact throughout the process to make sure everything goes smoothly.
It is a good idea to first start the process by understanding what types of coverages your policy offers inside its plan. The quickest and easiest way to find this out is to contact your insurance agent or go to the policy section of your insurance company's website. If you have come to the conclusion that your insurance will probably cover the cost of damages then you can begin the claim process.
Accessing damage/ roof inspection
The majority or insurance companies will require a roof inspection either from themselves or a roofing company in Augusta such as ourselves. Your agent will usually disclose which method they would prefer. When it comes to roofing claims there are two types of policies which are the actual cash value and replacement cost policies. The actual cash value policy in short means that the company will do an evaluation of what your roof was worth before the event and write you a check for that same amount which in theory should cover the majority of the roof replacement costs. Replacement cost policies are just what they sound like, It is the cost required to replace the roof minus your deductible.
To provide an example Let's assume that your 30 year asphalt shingle roof is 10 years old, the actual cash value of the roof would be the original cost divided by two thirds. If the roof was $10,000 this means the insurance will only provide roughly $3,330 and the rest would come out of pocket. Under a replacement cost policy the insurance company would charge your deductible (let's say is $2000) and they would cover the remaining price for the same type of roof. If you are not sure what your current deductible is, be sure to contact your agent, the national deductible range can be anywhere from $500 all the way up to $10,000 with $1000 being around the national average. Some policies and companies have higher wind/hail deductibles so be sure to run it by your agent for more information.
Once you have begun the claim you need to inspect your roof soon after the damages have occurred, be sure to take pictures of all the damaged areas as soon as you see them. Any evidence and proof of damages will help your claim get approved faster which means the roof can get installed sooner. If secondary damages can occur be sure to mitigate (stop or lessen) them otherwise some companies may reject the claim. For example if a tree fell through the house and burst a pipe you would turn off the water to the entire house before severe water damages happened in the interior of the home.
When choosing a roofer in Augusta, GA to come inspect the home we hope our company is the first one you call. The final step for the roofing insurance claim process is to pay your deductible. Once the deductible is paid then the roofers can come out to repair and replace the roof. The insurance company sends a check or pays directly to either the roofing company or yourself. In most cases the insurance company will be in contact throughout the process to make sure everything goes smoothly.