We’re happy to share our extensive knowledge about insurance roofing claims.
If you don’t see your question below, please reach out to us.
No. The pricing of your claim is determined by your insurance estimate (statement of loss), not a roofer’s estimate. Therefore, price competition is not a part of an insurance claim process. In fact, if you sign a contract to replace your roof for an amount lower than what insurance has estimated, the insurance carrier will lower your payments to match the actual contract signed. Therefore, we recommend choosing a contractor you trust and asking this question, “How can I maximize my roofing claim?” This is where Caden Roofing’s experience shines. We analyze the claim, correct any errors, and use our buying power to extend maximum value for your roofing claim.
The inspector specifically looks for storm-related damage on the roof and exterior. This includes bruising on your shingles and broken shingles from wind. We will also look at gutters, screens, sheds, and other exterior features. Caden Roofing is an expert in assessing damage and works with adjusters to advocate for every item you are owed under the terms of your policy.
Caden Roofing has almost two decades of negotiating with insurance carriers. We will ensure we use all means at our disposal to secure a fair settlement.
There are two major types of residential insurance policies: Replacement Cost Value (RCV) and Actual Cash Value (ACV). If you have a Replacement Cost Value (RCV) policy, your insurance company will pay to replace the total amount of your roof, minus your deductible. With an ACV policy, a carrier will only pay the depreciated current value of your current roof. The older the roof, the less money your claim will pay
Texas State Law mandates the payment of your deductible to your contractor with an approved insurance claim. It is illegal for a roofing company to pay your deductible or give a credit of any type. “Covering a deductible” is insurance fraud and a felony. If your roofer offers to cover your deductible, find another contractor.
The Texas Department of Insurance states that home insurance companies can’t increase individual rates for storm damage claims. However, carriers can increase rates for areas or regions based on historic risk variables.
It depends on the amount of damage. If the storm damage meets the minimum threshold on at least three sides of your home, most insurance carriers will write to replace the entire roof system. Most of the time, if a roof only needs minor repairs, it does not make financial sense to file a claim with insurance.
Depreciation is the loss in value of your roof due to age. A 10-year-old roof with a 40-year warranty is depreciated 25%. Recoverable depreciation is the portion of the depreciated amount that you can get back from your insurance company with a claim on a policy with replacement cost coverage.
