The Homeowner’s Guide To Roofing Presented To You By MB TEXASCO ROOFING & CONSTRUCTION
Reading this guide may only take you 10 minutes…
But it will educate you and save you the headaches of all the insurance
complexities related to your hail damaged roof!
Insurance claim Homeowner notifies their insurance company about potential hail damage
Adjuster The insurance company representative who examines and determines the damage of the roof.
Estimate A written assessment determined by insurance company or roofer to replace
Deductible The portion of the policy that homeowner is responsible to pay.
Depreciation The decrease in the roofs value from the original construction cost. Each year the roof decreases in value simply because of age and wear.
ACV-Actual The portion of money after the deductible and depreciation is subtracted
Cost Value Generally this is the first check issued by insurance company.
RCV-Replacement The total amount to be paid by insurance company upon completion of the job. It is the
Cost Value total calculation of the actual cost value plus the Recoverable Depreciation.
DID YOU KNOW?
Even before a hail storm, 20% of all roofs in the STL area are in need of replacement. A hail storm is a great opportunity to have your roof replaced compliments of your insurance company!
A new roof will increase the value of your house tremendously. By installing class IV Impact-resistant shingles you can even reduce your insurance premium 27%-32%. That can save you hundreds of dollars per year!
Leaks usually do not appear after a hail storm. Water finds its way through the damaged shingles to reach the fractured decking.
The water then absorbs into the structure of the roof like a sponge and deteriorates the integrity of the roof. This process sometimes
takes months or even years for the homeowner to discover, and by then it is too late! Most insurance companies require that a claim must be
made within the first 6 to 12 months of the initial damage.
An untrained and inexperienced eye easily overlooks haildamage
Even though the shingles may look undamaged from a distance (from
your yard for example), a closer observaion reveals deep pit holes. The damage to a roof is not limited to the surface of the shingles; the backing
(matting) under the shingles is also affected. The impact of hailstones cracks the matting and many times the decking, which can lead to major leaks and damage to the property.
Insurance company’s fly in adjusters from outside Missouri, from places like Florida and California, who do not always have
extensive experience with hail damage as local STL insurance negotiating specialist such as Mbtexasco Roofing & Construction.
should be there with the adjuster during the appointment to prevent a low damage estimate. The adjuster should also be informed of
any hail damage to other areas of the property.
Many time adjusters are paid per claim resulting in a rushed assessment which under values your roof. Not only does your
company prevent this from happening, but we also help with determining the extent of the damage and with verifying the accuracy
of the adjuster’s assessment.
Collecting “free estimates” from roofing contractors benefits the insurance company, not you! A contractor’s estimate that is
lower than the insurance adjuster’s estimate will decrease the amount of depreciaion paid to you. For more details see item #6,
“The improper way to work with the deductible.”
DO NOT USE a roofer from outside the local area. Many “storm troopers” will show up hoping to take advantage of the situation
and unsuspecting homeowners. However, most contractor’s from other cities will not return to correct problems should they
develop. Some of these companies have even changed their name to avoid their warranty responsibilities. It is always better to hire
an established local contractor with a great reputation than someone from outside area
Specific Advice In Relation To Your Insurance Company
State Farm Damage must have occurred during the coverage period of insured. Immediately releases depreciation based on
signed contract between you and your roofing contractor. Damage is determined per square and based on surface area of the roof.
All State Claims should be made and work completed within 12 months after date of occurrence otherwise the actual cash value of
the roof is applied. Damage is not estimated based on surface area only, but based on all roofing materials (vents, ridges,gutters, etc.)
Farmers Claims should be made within 6 months after date of occurrence otherwise the actual cash value of the roof is applied.
Work should be completed within 12 months of occurrence. Generally does not use independent adjusters.