Roof insurance can save your budget whenever you experience damage that threatens your indoor comfort. However, there are a few important aspects to know when settling a roof repair northern Virginia area with an insurance claim.
Know your policy!
Some insurers have strict timelines to file a claim; with some carriers, the timeline is only 30 days, so you will have to move quickly. Filing a claim is complicated, especially for people who go through this for the first time, so you may want to find a professional roofing company that assists its clients throughout the insurance claim process. Just make sure your roofer is experienced, as well as licensed and certified. Avoid storm chasers, even if you are desperate and they offer you what seems to be a fantastic deal.
Become familiar with words on your insurance claim, such as Line Item Total, Replacement Cost Value, Depreciation, Non Recoverable Depreciation, Deductible, Net Actual Cash Value Payment etc.
Be aware of Replacement Cost Coverage
In general, roof insurance policies pay for replacement cost coverage for most of the damage, without a deduction for depreciation; however you may be subject to the limits of liability. To make sure that you get your recoverable depreciation, you must complete the necessary repairs within the allotted amount of time, notify your insurer as soon the work has been completed and submit invoices, receipts and other relevant documents.