Homeowners should document signs of storm damage as soon as it’s safe to go outside. Once your insurer receives documentation of the extent of storm damage, they’ll send an adjuster who’ll assess the damage and calculate your insurance payout. It’s recommended that you have your roofing contractor at your home when your adjuster arrives. If your contractor[…] Read More
Insurance companies have different ways of calculating your insurance payout. However, the recognized standard method for calculating reimbursements is to use the actual cash value (ACV) or market value. The ACV is calculated by subtracting depreciation from the replacement cost. (In a statement of loss, depreciation refers to the amount that won’t be released until[…] Read More
Depending on their size, hailstones can cause significant damage to personal property. Fortunately, in most states, standard insurance policies cover hail damage. The majority of claims filed with insurers result from hail damage to roofing systems. Keep in mind that filing a hail damage insurance claim isn’t as straightforward as it seems. To help you[…] Read More
