Understanding Insurance Estimates for Storm Damage Claims

Does the storm damage sustained by your home warrant filing an insurance claim? It probably does, and the only way to know for sure is to get a comprehensive insurance estimate. But getting that quote isn’t actually the end of it. You also have to familiarize yourself with the insurance estimate if you want to get the most out of your claim.

Take a closer look at the claim summary. The claim summary refers to the insurance adjuster’s estimate of the expected repair or restoration costs. It’s basically a collection of spreadsheets, with each one detailing the damage on specific areas of your roof and home. The claim summary also describes every item or component that needs to be repaired or replaced, along with specific instructions on how the work will be done.

Make sure the estimate includes documentation. Photos and videos of the storm damage to your roof and home will be beneficial to your claim. Trusted local roofing companies like Ritco Group will usually document the damage to your property as the comprehensive assessment is performed. We can, in fact, also help you navigate the complexities of the insurance claims process, allowing for a smoother experience.

Check the unit price. This particular factor changes with fair market pricing research. It may vary slightly every month and includes the material and labor expenses combined. To get the replacement cost value (RCV) – which details the depreciation, taxes, overhead, profit and deductible amount – you’ll need to multiply the unit price by the quantity.

Request Your Roof Quote Today!

Ritco Group is not just your expert in new construction – we can also handle your storm damage restoration needs. Turning to us for insurance claims assistance not only means you’ll get the fair coverage you need, but ensures that your roof and property will be returned to their pre-loss condition as well. We proudly serve Columbia, Brentwood, Franklin and other areas in Middle Tennessee. Call us today at (931) 381-0175, or fill out this contact form to schedule your roof evaluation.

Jeff Loveless