What to Do After Disaster Damage
After hail damage, moisture damage, or other damage has been inflicted on the exterior of your home, it’s crucial to take specific steps to ensure that you file a claim correctly and get the compensation you need to make repairs. Follow these steps if your home has sustained storm damage or disaster damage:
- Document the damage by taking photos to submit to your insurance company.
- Cover damaged areas with a tarp or other protection to prevent further damage.
- Contact your insurance company to file a claim.
- Schedule an inspection with an insurance adjuster.
- Submit a list of items or features that have been damaged or destroyed. This is when the photos you took will come in handy.
- Get an estimate on the cost of repairs or replacements to your home.
- Schedule your repairs.
If you need assistance working with your insurance company to ensure that you’re receiving the right amount of coverage for storm or disaster damage, feel free to contact us during any one of these steps in the claims process. We will work with them on your behalf to make sure that materials and labor are covered and supplement any differences.
Types of Damage Repair We Offer
We can work directly with your insurance company
Has your home been damaged, and you’re not sure what to do? Great news – we can help! We repair and replace siding, roofs, windows, doors, gutters, decks, and more, and we work with your insurance provider to help get any covered items replaced.
Our reputation speaks for itself – We are Colorado’s most recognized, highest rated, and most experienced full exterior repair company.
We can handle all your repairs. We are experts in complete exterior repairs, not just roofing or siding — so you don’t have to find three or four different contractors to get everything fixed.
We Care. We will advise you throughout the process, communicate exceptionally well, and treat you with kindness.
We can advocate for you – We’ll work with your insurance company to make sure they compensate you properly so you can relax while we make any exterior repairs you may need.
What Does My Insurance Cover?
Insurance ONLY COVERS ACTS OF GOD! When you need to make an insurance claim, we can help with damaged siding, as well as roof repairs, replacement windows, and fixing whatever damage your home has sustained because of a storm. If you’re in need of emergency siding repairs, contact our team today to schedule an appointment.
Reasons Why We Supplement
To account for things the insurance company misses in their inspection and coverage scope. (Example: The insurance adjuster missed hail damage to a section of the roof.) To make sure the insurance company pays the right amount for the project’s entirety. (Example: The insurance company may account for the siding replacement, but the trim that’s on top of it also has to be removed and replaced to replace the siding. We make sure all of this is covered in the project cost.) We do this to make sure the homeowner gets enough money to do the project with the highest quality materials, meet local building codes, and meet best practices to get the job done right.
In short: We need to figure out WHAT the insurance company is missing in the scope and how much extra they need to pay to the homeowner for their insurance claim.
The Difference Between RCV and ACV Insurance Coverage
When you purchase homeowner’s insurance, you’ll have the option between two types of coverage: Actual Cash Value (ACV) or Replacement Cost Value (RCV). There are pros and cons to each, and it’s important to understand the difference so you can choose the best option for you.
Actual Cash Value Coverage
ACV covers the cost of the value that an item is currently worth. It factors in depreciation to determine how much an insurance company would cover if you filed a claim. For example, if your siding was estimated to last for 30 years and you file a claim for siding replacement for hail damage after 10 years, the insurance company would subtract those 10 years from the original value of the siding to determine the actual cash value now.
Replacement Cost Value Coverage
Your other option for homeowner’s insurance is RCV coverage. This option will compensate you for the total cost of a roof replacement, siding replacement, window replacement, and other exterior repairs. That said, it is the more expensive of the two coverage options. An insurance company may also only pay on the depreciated ACV amount when the claim is initially made, and then reimburse the difference once repairs are completed.
There are three main types of home insurance deductibles:
A dollar amount deductible
Your deductible is a specific amount you must pay before your insurer pays its portion. For example, you have a small kitchen fire, and the damages are $3,000. If your deductible is $1,000, you pay that amount, and your homeowner’s insurance company takes care of the remaining $2,000.
A percentage-based deductible
In this case, your deductible is a percentage of your policy’s total coverage amount. For example, if your home is insured for $200,000 and your deductible is 2%, you’d have to pay the first $4,000 of any claim (2% of $200,000 = $4,000).
A split deductible
This is a hybrid of the first two. A dollar amount applies to most claims, but a percentage can be triggered by certain events, such as a hurricane or earthquake.