How Do Insurance Estimates for Storm Damage Work?

If you’re living in an area that commonly encounters heavy rains or storms, most likely you’ve already experienced storm damage which is a difficult ordeal for any homeowner. As such, it’s good to be prepared by getting insurance estimates to give you a clearer idea how much is going to be covered by your insurance provider. In today’s post, we’ll give a brief overview of how insurance estimates work for storm damage roof repairs.1. Check the Area After the situation has calmed down, make sure that the area is safe for you to move around in before inspecting other areas of your home. Once set, you can go around to check which parts of your home need to be repaired or replaced. Make sure that you write them down so that you can report it to your insurance provider.

2. Acquire a Statement of Loss Before requesting this document, make sure that you’re physically present to receive it. Your insurance adjuster will give you this document after you’ve done patchwork to your residential roofing system. The statement of loss breaks down in detail the appropriate cost to replace or repair the damaged parts of your home, the depreciation value, the money reserved until the project is completed and the projected actual cash value.

3. Collect All Your Repair and Replacement Estimates Most likely, you’ve gathered quotes from multiple roofing companies for your roof repair. Once done, compile them, and submit them to your insurance provider together with your claim. Once the claim is approved, the depreciation column will be adjusted according to the actual amount of the project. A check will then be sent to you to cover any excesses. Looking for a certified roofer to assist you with your roof replacement project? Look no further than iRestore Stl. Give us a call at (618) 593-9203, or fill out our contact form to request an appointment. We serve homeowners in Swansea, IL, and other nearby areas.