Getting the roof repaired as soon as possible after storm damage or other types of damage have occurred is of the utmost importance. The insurance company will be out to inspect the amount of damage almost immediately after they are contacted. Here are FAQ’s about Insurance Restoration in Green Ohio.
Q. Does the homeowner have to go with the restoration company that the insurance company recommends?
A. The short answer is no. While the insurance company may strongly encourage the homeowner to choose the recommended company, the homeowner is under no legal obligation to do so. Some reasons for recommendations may include ease and speed of paperwork processing due to previous work history together and reliability of completed work. Ultimately, the decision rests with the homeowner.
Q. What type of payment can be expected?
A. This depends entirely on the type of policy that is currently being carried by the homeowner for Insurance Restoration in Green Ohio. Typically, it will be either for actual cash value (otherwise known as ACV) or replacement cost. ACV will only pay for the current value of the roof, which takes into account any depreciation that naturally occurs over the years. Replacement cost will pay for the actual cost to replace the roof to the satisfaction of both the homeowner and the insurance company.
Q. Is the paperwork time-sensitive in these matters?
A. Absolutely! If the claim is not received according to the time schedule outlined in the homeowners insurance policy, the insurance company may not honor the claim. This would mean that the homeowner would have to pay for the new roof out of pocket. Also, even if the insurance company pays the claim, the check will most likely need to be endorsed by the mortgage company. After endorsing the check, it needs to be cashed within, typically, 180 days. Payment will be nill and void after this period and the homeowner is out any reimbursement money and must pay the restoration company themselves.
For more questions about restoration procedures, contact a reputable company such as Toledoroofrepair.com. They provide honest answers and quick service and have much experience in these matters.