Insurance Claims & Storm Damage
Gutters and downspouts play a crucial role in safeguarding your home against the elements. With their purpose of diverting water from your roof and foundation, gutters and downspouts serve as a vital defense against potential issues like roof damage, flooding, and water damage.
Damaged gutters can lead to fascia board deterioration and enable water infiltration, causing extensive harm to ceilings, windows, woodwork, and walls. At I Got A Guy, we specialize in professional gutter installation and repair services, including the installation of gutter guards. Our team is dedicated to providing you with the optimal solutions to safeguard your home from water damage effectively. Embrace individuality and expand your possibilities with us. Step outside conventional boundaries and dare to thrive with I Got A Guy.
My roof doesn’t leak… does this mean my roof is okay?
In many cases, roof damage is not easily seen, and leaks don’t always appear at the very next rain. Damage can often remain hidden for months. Professional roofers have tools that allow them to detect moisture beneath roofing materials and pinpoint where damage is not otherwise evident..
Is the insurance adjuster’s calculation set in stone?
While adjusters are generally well-trained, they are not professional roofing contractors, so it is not unheard of for them to miss important items that need repaired or replaced. It is very common for your contractor and adjustor to reconcile costs at the end of the project to come up with the final number.
What is the difference between ACV, RCV and Depreciation?
There are some terms in your insurance contract that you need to be aware of … Replacement Cost Value (RCV), Actual Cash Value (ACV) and Depreciation. Almost everything loses value over time… and building components used to construct homes and buildings deteriorate as they age, thus reducing the value of your property. An insurance adjuster will calculate the amount of your claim settlement by figuring in the deductible and the deprecation of your property. If you have a policy that has ACV coverage, you will need to come up with the difference in the price of replacing or repairing your roof. Let’s take an example … let’s assume your roof costs $20,000 to completely replace, but you only receive a check from the insurance company for $15,000. You are responsible for the additional $5,000 to complete the job. With RCV, first you’ll receive the actual cash value check of $15,000, and later, once the damage is repaired, you’ll receive a second check that covers the difference between the ACV and RCV – the $5,000.
How is depreciation calculated?
The most common roofing type, asphalt shingles, tend to have a life expectancy of 25 years. In general, the roof depreciates at about 4% per year. Now assume your roof is 10 years old and a recent hailstorm requires that you replace the entire roof. 10 years times 4% depreciation is 40%, so the ACV is 60%. That means if your roof costs $10,000 to replace, you will receive $6,000 minus your deductible and you are responsible for the $4,000 plus deductible.
8am – 4pm
Request a Free Quote
It’s Fast & Easy!
Be the first to know about exclusive offers, expert advice, and exciting news. Dare to think differently, unlock the power and start existing outside the box!