How does insurance work with roof replacement in Monmouth County?
Have you recently found the need to replace your roof due to a storm or some kind of damage? Insurance companies generally will have a damage claim process when you contact them for a roof replacement job. When filing a roof replacement claim with your agent they will help you through the process. In this article we will help provide some basic guidelines and procedures which will make the process more understandable in the big picture. Before we begin the roof replacement claim you need to know what types of policies and coverages you have from your insurance provider.
The first thing we have to do is understand what types of damages will be covered under insurance policies. The fastest way to do this is to contact your agent directly. Insurance companies usually only provide coverage for damages that happened such as hail, lightning, strong winds, trees falling etc. This means that 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 and you would have to pay for the roof out of pocket.
Accessing damage/ roof inspection
Once you have determined that the insurance company will most likely accept the damage claim you need to access the damages and do a roof inspection. The majority of insurance companies will either send someone out to your home from their own location but they may also let you call a roofer near Monmouth County to get an inspection completed. Our Monmouth County roofing contractors complete a variety of roof inspections all the time and have worked with many different insurance companies in the area. Below are some examples of coverage you may have on your property and roof.
Actual cash value and replacement cost value are two different types of policies that insurance companies often offer to their customers. The actual cash value policy means that the insurance company completes an evaluation of what your roof was worth before the event and writes you a check for that same amount which will go towards the overall cost of the roof replacement near Monmouth County. A replacement cost policy simply means that they cover the price of a roof replacement minus your deductible.
For the purpose of this article we will assume that your roof is 10 years old and will last 25 years, The actual cash value of the roof would be determined by the insurance company on how long the roof has been installed and how long it will continue functioning properly. This means that If the roof was $10,000 then the insurance would provide an amount of roughly $4,000 and you would cover the remaining costs out of pocket. With a replacement cost policy your insurance provider would charge you your deductible (could be around $2000) and then the policy would cover the remaining $8,000 for the roof replacement. It is always a smart idea to check on your current policies with your insurance provider and your deductibles with those policies. The national average deductible is $1000 though your policy could be higher or lower.
When you contact the insurance company they will help you through the claim process so you can get the roof replacement covered. When you do begin to file the claim be sure to take any pictures of the damages and date everything when they happened. You should be given all forms and documents required for the claim from your insurance agent, they will also help with any questions that you may have regarding home damage claims and roof replacement jobs. 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.
When choosing a roofer in Monmouth County to come inspect the home we hope to be your first call. Our residential roofing company has helped many people over the years through storms damages, wind damages and acts of god. Give us a call today!
The first thing we have to do is understand what types of damages will be covered under insurance policies. The fastest way to do this is to contact your agent directly. Insurance companies usually only provide coverage for damages that happened such as hail, lightning, strong winds, trees falling etc. This means that 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 and you would have to pay for the roof out of pocket.
Accessing damage/ roof inspection
Once you have determined that the insurance company will most likely accept the damage claim you need to access the damages and do a roof inspection. The majority of insurance companies will either send someone out to your home from their own location but they may also let you call a roofer near Monmouth County to get an inspection completed. Our Monmouth County roofing contractors complete a variety of roof inspections all the time and have worked with many different insurance companies in the area. Below are some examples of coverage you may have on your property and roof.
Actual cash value and replacement cost value are two different types of policies that insurance companies often offer to their customers. The actual cash value policy means that the insurance company completes an evaluation of what your roof was worth before the event and writes you a check for that same amount which will go towards the overall cost of the roof replacement near Monmouth County. A replacement cost policy simply means that they cover the price of a roof replacement minus your deductible.
For the purpose of this article we will assume that your roof is 10 years old and will last 25 years, The actual cash value of the roof would be determined by the insurance company on how long the roof has been installed and how long it will continue functioning properly. This means that If the roof was $10,000 then the insurance would provide an amount of roughly $4,000 and you would cover the remaining costs out of pocket. With a replacement cost policy your insurance provider would charge you your deductible (could be around $2000) and then the policy would cover the remaining $8,000 for the roof replacement. It is always a smart idea to check on your current policies with your insurance provider and your deductibles with those policies. The national average deductible is $1000 though your policy could be higher or lower.
When you contact the insurance company they will help you through the claim process so you can get the roof replacement covered. When you do begin to file the claim be sure to take any pictures of the damages and date everything when they happened. You should be given all forms and documents required for the claim from your insurance agent, they will also help with any questions that you may have regarding home damage claims and roof replacement jobs. 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.
When choosing a roofer in Monmouth County to come inspect the home we hope to be your first call. Our residential roofing company has helped many people over the years through storms damages, wind damages and acts of god. Give us a call today!