Storm-Proof Your Roof and Wallet: Learn how the right knowledge about roofing insurance claims can not only save your roof but also safeguard your finances against storm season’s unpredictability.

Navigating the Storm Season with Expertise: This episode of "On Top of Roofing" features hosts Cody Durham and Eric Whitfield as they delve into the critical topic of preparing for storm season through the lens of roofing insurance claims. They provide a step-by-step guide on recognizing signs of roof damage, the intricacies of filing insurance claims, and ensuring your home is adequately protected before and after a storm. Drawing from years of experience in the roofing industry, Cody and Eric share essential tips on choosing the right contractor and navigating insurance policies to maximize your claim. Listeners will gain invaluable insights into the difference between Actual Cash Value (ACV) and Replacement Cost Value (RCV), and how to advocate for their rights as homeowners. This episode is a must-listen for anyone looking to safeguard their home against the unpredictability of storm season, armed with knowledge and strategies to navigate roofing insurance claims effectively.

KEY TAKEAWAYS:

Understanding Your Insurance Policy is Crucial

• Before storm season hits, it's essential to thoroughly understand the details of your roofing insurance policy. Cody and Eric emphasize the difference between Actual Cash Value (ACV) and Replacement Cost Value (RCV) policies, highlighting how each can impact the coverage you receive after a storm. Knowing these details can be the difference between a fully covered repair and out-of-pocket expenses.

The Importance of a Pre-Claim Roof Inspection

• Scheduling a professional roof inspection before filing an insurance claim is a proactive step every homeowner should take. This episode illustrates how an inspection can identify storm-related damages and prevent the filing of unnecessary claims that could affect your insurance record. A reputable contractor can offer insights into whether the damage warrants a claim, ensuring you're making informed decisions.

Selecting the Right Roofing Contractor

• The choice of roofing contractor plays a pivotal role in the claim process and the quality of repairs. Cody and Eric advise on the importance of choosing a contractor with experience in storm damage and insurance claims. They suggest looking for local, well-reviewed roofing professionals who can navigate insurance adjuster meetings and supplement claims effectively.

Navigating the Insurance Claim Process

• Filing an insurance claim can be daunting, but understanding the process can significantly ease the burden. This episode breaks down the steps involved, from filing the claim to meeting with insurance adjusters and understanding the payment process. The hosts share tips on advocating for your rights and ensuring that the insurance company covers all legitimate storm damages.

Maximizing Your Insurance Claim

• Maximizing your insurance claim is not about profiting from your policy but ensuring you receive fair compensation for damages. Cody and Eric discuss strategies for homeowners to ensure their claims are fully maximized, covering everything from ensuring accurate damage documentation to understanding how to contest underpayments. They stress the importance of a detailed review of the insurance adjuster's report and how to work with your contractor to identify any discrepancies.

Time Stamped Summary

• 00:00:14 - Episode introduction with hosts Cody Durham and Eric Whitfield welcoming listeners back to "On Top of Roofing."
• 00:00:22 - Eric jokes about their audience size and personal greetings.
• 00:01:10 - Discussion on the importance of preparing for storm season and the impact of insurance changes.
• 00:02:03 - Explanation of Actual Cash Value (ACV) vs. Replacement Cost Value (RCV) policies.
• 00:03:09 - Analogy between ACV policies and the depreciation of a new car.
• 00:04:28 - Example scenario showing how an ACV policy affects claim payouts.
• 00:04:42 - Importance of knowing your insurance policy's coverage details.
• 00:05:23 - Explanation of how RCV policies work and the process of claim payouts.
• 00:06:16 - Tips for ensuring you receive recoverable depreciation on your claim.
• 00:07:18 - Discussion on roof payment schedules and how they can affect your coverage.
• 00:08:23 - Mention of non-recoverable depreciation and its impact on claims.
• 00:09:27 - Analogies used to explain insurance deductibles and recent law changes.
• 00:10:02 - Legal implications for contractors offering to cover deductibles.
• 00:12:49 - Guest Mike Mills introduces the topic of homeowner misconceptions about deductibles.
• 00:13:54 - Discussion on the consequences for roofers not abiding by deductible laws.
• 00:14:27 - Importance of reporting fraudulent roofing practices.
• 00:15:16 - The ethical stance of Cody and Eric's company on handling deductibles and insurance work.
• 00:17:08 - Reflections on losing business due to ethical practices but sleeping well at night.
• 00:18:52 - Advice on getting a roof inspection before filing a claim to avoid zero-pay claims.
• 00:20:02 - Caution against filing claims for minor damages that won't surpass the deductible.
• 00:21:51 - How partial claims work and their impact on future claims.
• 00:23:03 - The importance of having your contractor present during the adjuster's visit.
• 00:24:20 - Discussion on the rise of insurance premiums and policy changes.
• 00:26:14 - Advice on how to vet contractors, including checking online reviews and better Business Bureau ratings.
• 00:32:16 - Closing thoughts on the insurance claim process, from preparation to completion, and a teaser for the next episode's guest.
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