Here in Idaho, we're no strangers to stormy weather!!
From wind storms, thunderstorms to hail storms, we are not new to inclement weather. Although we know how to ride out the storm here in Idaho, that doesn’t mean that our roofs are immune to the damage storms can cause. Stormy weather can be hard on our roofs, leaving our homes vulnerable to leaks and other issues, but the good news is that the storm damage repair experts at Eagle Eye LLC are here to help.
You may qualify for a NEW ROOF - Hundreds of others have already.
At Eagle Eye LLC, our team of dedicated, expert project managers are always ready to assist you through the process of roof damage insurance claims. We will let you know what the problem is and how it can be solved. We have developed a streamline process to work with your insurance in case of storm damage.
Property Insurance Claims 101
Eagle Eye LLC is happy to give you a free roof inspection for damage that may have occurred to your home. One of our fully trained and experienced representatives can inspect your property before you file a claim. This way, you don’t risk your insurance company dropping your coverage because you filed an unnecessary claim. It’s smart to get a professional opinion before jeopardizing your low deductibles and reasonable rates.
IT’S AS EASY AS…
CALL A REPUTABLE CONTRACTOR.
HAVE THE CONTRACTOR DETERMINE IF THE PROPERTY WAS DAMAGED: If that damage exceeds your deductible. (This is important to minimize your claim history, which could cost you down the road, even if your claim is denied!).
FILE A CLAIM WITH YOUR INSURANCE: If the damage exceeds the deductible. Determine when the adjuster will be available to meet with you AND your contractor
AUTHORIZE THE SELECTED CONTRACTOR TO REPAIR: After you, your insurance company, and the contractor determine the damages and agree upon the cost of the repairs. Discuss time frames, expectations, and payment terms before authorizing the contractor to proceed.
THE JOB IS SCHEDULED AND THE ROOF IS BUILT: The time of replacement can vary due to weather, home size, and pitch of roof. Read the “Construction Zone” guidelines to know what to expect.
SEND INSURANCE THE CERTIFICATE OF COMPLETION: After the work has been completed, get a Certificate of Completion from the contractor and send this to your insurance agency in order to receive the RCV (Final) payment. Some companies will assist you with this.
INSURANCE TERMINOLOGIES DEFINED:
ACV (Actual Cash Value): In the property and casualty insurance industry, ACV is a method of valuing insured property, or the value computed by that method. ACV is not equal to replacement cost value (RCV). ACV is computed by subtracting depreciation from replacement cost. For Example: you have a storm loss at your home that was built in 1980. The storm causes $10,000 RCV in damages. The insurance company deducts $3,000 in depreciation from the RCV of $10,000 and issues an ACV payment of $7,000.
RCV: You would only be able to recover the depreciation of $30,000 if you incurred that expense over the ACV payment of $70,000. The insurance company would require additional documentation (i.e. receipts, contractor’s invoices, and/or a completion inspection) before the recoverable depreciation could be paid.
DEPRECIATION: The deduction based on the age and useful life of that item(s).
How To Get The Most Out Of Your Insurance Claim
GOING WITH THE LOWEST BID IS NOT THE SMART CHOICE
“LOW BID” CONTRACTOR
$7,000 Estimate to replace your roof
$1,000 Homeowner Deductible = $6,000 Insurance Check
$1,000 Total out of pocket
THE EAGLE EYE ROOFING WAY
$10,000 Estimate to replace your roof
$1,000 Homeowner Deductible = $9,000 Insurance Check
$1,000 Total out of Pocket
THESE ROOFS WILL NOT BE THE SAME!
The “Low Bid” Contractor is compromising somewhere to come in low – Either by not carrying proper Insurance (which protects you and your property from law suits in case of injury or damage), by using lower quality materials (shorter life of the roof), or by using inexperienced crews. Why pay the same out of pocket for less quality/peace of mind?