4 Steps to Filing Your Roof Replacement Claim
If a roof is damaged by a storm with hail, wind or water, and hasn’t held up over time, there is usually a need to repair or replace it. A roof replacement can be overwhelming to think about. But don’t worry, Max Roofing makes roof repairs and replacements a quick and simple process. We’ve put together a step-by-step guide for you, so in a roof repair emergency, you know what to do.
After determining hail, storm, or any damage, you’ll have to find out what is covered under your homeowner’s insurance policy. Do this by contacting your homeowner’s insurance company via phone to get the most updated review of your policy.
The insurance company will need to do an inspection or request substantial photo documentation justifying a claim approval.
If your claim is approved, there is a standard to calculate the payout. If the roof is newer than 10 years old, the section with damage needing repair or replacement is usually fully covered (be sure to check with your homeowner’s insurance representative).
If a roof is older than 10 years old, the homeowner will usually receive what is called a depreciated value. This means the insurance company will take age and wear and tear into consideration and value the roof at that depreciated amount prior to the storm or hail damage.
Most policies also have a recoverable depreciation value which means if you replace your roof up to current standards, you can also recover the depreciation which was lost.
After your claim is approved, the homeowner will receive the first Actual Cash Value check. You will pay that as well as your deductible to Max Roofing. After Max Roofing completes the job, we will send in a certificate of completion to the insurance company. The insurance company will then release the final recoverable depreciation check to the homeowner to be paid to Max Roofing.