A roof replacement can be a costly endeavor, so it only makes sense to want your insurance to help foot the bill.
Colorado is no stranger to insurance claims related to hail. In fact, we all know Colorado is prone to high winds, hailstorms, and other severe weather that can damage your roof.
Have you wondered how you can negotiate a roof replacement in Colorado using your insurance? Here, we cover some tips to help you yield the best possible results.
In this article, we’ll go over some important things to keep in mind as part of this process.
1. Reviewing Your Insurance Policy
Start by reviewing your insurance policy. You’ll want to ensure that your homeowner’s insurance policy will cover damage to your roof resulting from weather-related incidents. Similarly, review your policy’s coverage limits and deductible to understand how well your roof is protected.
Certain things likely won’t be covered by your policy, so review the specifics to ensure that your roof’s damage falls under your policy’s coverage.
You’ll also need to clarify actual cash value vs replacement cost value in your policy. There are two main types of homeowner’s insurance policies: ACV and RCV.
Actual Cash Value Policy
An Actual Cash Value or ACV policy means the insurance company guarantees you that they’ll reimburse the product’s initial price – with the depreciation value subtracted.
Replacement Cost Value Policy
A Replacement Cost Value, or RCV, policy means that the insurer pays the cost of actually replacing your product within the market as it currently is.
2. Preparing To Negotiate With Your Insurance Company
Make sure that you’ve prepared all of the necessary documents, including things like receipts for previous work done on your home, a copy of your current policy, inspection reports, and before and after photos of your roof.
Your insurance company will send an adjuster who will assess the damage. Being prepared with as much documentation as you can will work in your favor to bring about the best outcome.
It’s important to note you might have trouble getting full reimbursement on a roof that is poorly maintained or too old when it gets hit by a storm.
You’ll also want to ensure that you have good negotiation tips in mind and are well-prepared for the negotiation.
You’ll want a robust understanding of the parts of your policy that are subject to interpretation. You might want to ask your insurance agent to clarify parts or sections of your policy you don’t understand fully.
It’s helpful to ensure you fully understand what your insurance policy does and doesn’t cover. Ensure you follow each step your policy outlines and meet all contractual obligations and deadlines your policy stipulates.
Your claim strategy should be outlined based on sufficient insight into your policy limits, exclusions, and coverages. Make sure to document and save all correspondence and negotiations.
You’ll want to present documentation to your claims adjuster, but make sure you have a set you can give the adjuster without losing the documents you’ve completed.
Work to negotiate the settlement you deserve. Go for the greatest payment possible that you’re entitled to under the terms of your policy.
3. Filing Your Insurance Claim
The process of filing your insurance claim will involve several steps. Here are some of the things you should be prepared to do:
File Your Claim According to Your Insurance Company’s Policy
Make sure you file your claim according to the process laid out by your insurance company. Look into your insurance company’s specific process and ensure that you follow their procedures as you work towards getting your roof replacement covered.
Follow each step defined within your policy and meet all contractual obligations and deadlines that your policy stipulates.
Get a Roof Inspection
At the appropriate time in the process, you’ll need a professional roof inspection. It’s essential that you have a professional perform a thorough analysis with detailed documentation.
When the time comes, make sure you work with a roofing contractor you can trust. It’s always good for them to have experience working with insurance companies so they can help you navigate the process.
If you have questions about working with us for an insurance claim, call us or submit a contact form. We understand that roof repairs might be stressful, and we’re happy to assist with any inquiries you may have.
Prepare Your Documents
Keep all relevant information and documents ready, such as before and after photos, inspection reports, and records of past repairs. Being more detailed and organized allows you to negotiate better.
Keep a Record of all Correspondence
It’s best to maintain a record of all correspondence from the start. Include dates you spoke to adjusters or representatives, the names of people you’ve spoken to, and what came from conversations.
As you go through the process, you want to make sure that you understand your insurance policy and that the claim you make is included in the terms your policy names. Be aware of any stipulations and important details that are relevant to your claim.
It’s also essential to be prompt in your actions, as the longer you wait, the less chance you’ll have of your claim being approved. Your insurance company might find other factors involved in your roof’s condition and use those for your claim to be excluded.
Ready to Replace Your Roof? Contact Scott’s Roofing Colorado!
Our expert roofers understand the process inside and out. When you work with us, we’re with you every step in the process.