Roof Leak Insurance Claim
Whether you want to know about roof damages because you are dealing with it right now or you want to be prepared in case something happens, information is all you need. Handling a situation similar to this one is not easy at all. Taking care of the claim by yourself is not recommended, since, normally, property owners do not know about policies, filing claims, negotiation, and many other things. What can you do? Find out here.
Does Homeowners Insurance Cover
Water Damage From Leaking Roof?
The first thing homeowners ask themselves is whether insurance companies cover the damage or not. The insurance should cover a roof leak if it was originated by a covered peril, but if it was the result of poor maintenance, tear, wear or an age issue then you must know the company will not pay to repair the damage.
Insurance companies cover unforeseen events that caused damage, to be sure if they are able to cover it, read your policy to find out if it does cover roof leaks and the protection it provides.
Types of Coverage
To explain this it is necessary to talk about the deductible, which is the portion of the damage you agree to pay. Now, these are the types of coverage:
No Coverage at all: It has to do with your policy coverage. It is important to read the policy to know if you have a roof leak coverage, if it is not added, you will have to pay to fix your roof.
ACV or Actual Cash Value Coverage: Here, the company does cover roof leaks, but they are going to factor in the age of your roof and determine the payout based on that. This does not cover the entire replacement, you will have to pay a part.
Replacement Cost Coverage: The insurance company covers roof leaks and is going to pay the replacement no matter the age of your roof (minus the deductible).
What does the Insurance Company Cover when it comes to roof damages?
Dwelling Coverage: This includes the protection of the structure of your property. The roof is also covered if, as previously said, it was due to covered perils.
Personal Property: This refers to the content of your property, which the insurance will help to repair or replace in the event of a roof claim.
Living Expenses: If you need to stay somewhere else while your place is being repaired, the insurance company will pay for the hotel or rent of the place, food, storage, and some other things. Save all the recipes.
About Covered Perils
A little fact is that 40% of homeowners insurance claims involve wind and hail damage to the exterior of the place and these claims involve the roof. This means that insurance companies limit their risk with specific coverage options for the roof, so they created different names for any kind of damage.
This can be due to the wind, which includes heavy movements of the air, like windstorms, gusts, tornadoes, and hurricanes. Hail, that refers to frozen ice balls falling from the sky. Although, it can also be due to fire, explosions, collapses, and sinkholes.
Roof Leak Damages
Roof leaks damage are dangerous and are a way to get more significant damages, they are critical and that’s why they need to be fixed as soon as possible. These are some roof leaks damages you can experience:
- Damage to the attic
- Damage to the interior of your home
- Mold and mildew
- Slipping and falling
- Electrical wiring that can touch a current and start a fire
Steps of the process
There are four people who will handle the situation besides you: the roofer, an insurance adjuster, and your own Florida public adjuster. They will be there in the along with the steps of the process.
Step 1: Roofers Estimate
Roofers are the ones who are going to determine how bad the loss is, so calling a local should be important for you. They can tell you three options, which can be measured in damage levels:
|There is no damage||0%|
|The roof needs to be repaired||40-60%|
|The roof needs to be replaced||80-90%|
Step 2: Hiring a Public Adjuster
This is important. Public adjusters know how to deal with insurance companies and their insurance adjuster. Be sure you hire a good one, someone with references, who has years of preparation and experience in the field.
Step 3: Starting the Claim
If the roofer sees some damage in your roof caused by covered perils, with the help of your public adjuster you should contact your insurance company and give them all the information they ask for. They are going to give you a claim number and, finally, schedule the insurance adjuster inspection.
Step 4: Insurance Adjuster Visit
The insurance company will send someone to visit your home and take a look for themselves to the damage. After that, they will decide if they agree with the roofer.
Step 5: Fixing the Roof
First: The Insurance Company gives you the check of the ACV, if you got the replacement cost coverage don’t worry, this check is going to be the first part of the payout to check that you are actually using the money to repair the roof.
Second: With money in hand, you can pay the roofer and the materials and he or she can start working.
Three: After the roof is fixed, you will send the final amount to the company and they will give you a second check.
Why do you need a Public Adjuster?
It is not easy to take care of the situation by yourself, file a claim on your own and make sure the insurance company pays the correct amount of money should not be part of your duties. You should be recovering from the shock while someone else deals with the circumstance. Our mission is to negotiate with your company to get the amount of money you deserve. We know how to carry out the process and we assure your roof will be repaired or replaced. If you want someone experienced to be by your side contact us! We are the best option!