At MB2, we are dedicated to helping you throughout the confusing and intimidating roof replacement process. We specialize in assessing your damage, determining what was covered under your insurance claim, and then advocating on your behalf with the insurance company to help bring your property back to pre-loss condition.
Will my claim raise my insurance premiums?
The common misconception about insurance premiums is that they go up each time you open a claim for hail or wind damage. In fact, the insurance company raises claims based off the zip code your property is located in. As claims are filed in your zip code — by anyone, not just you — the insurance company is forced to pay them out. This can sometimes result in higher premiums in different parts of the country. Regardless of whether you decide to file a claim and replace your roof, your premiums will be affected by each storm that hits your area. That is why it makes sense to go through the process and replace your roof when it is damaged by a storm. One thing you can do is upgrade to a Class 4 Impact resistant roof system. This will help to lower your insurance premiums.
What if the insurance company drops me?
Hopefully, you are with a reputable insurance company, and this won’t be an issue. It is important to know that insurance companies have the right to drop a customer at any time for any reason. This does not change the fact that they are responsible for covering damage that took place while your policy was active. What this means for you is that the insurance company can choose to drop you after filing a claim however, they will still be responsible for covering the damage to your property. Most insurance companies don’t drop you for filing hail and wind claims as it is expected when you have a property located in an area that is susceptible to that type of storm. That is exactly what you pay them for. To pay for damage to your property after severe weather strikes.
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An insurance policy is a contract. It is an agreement between you and your chosen insurance provider which outlines how damage to your property will be covered monetarily. Within that policy, a deductible is usually identified. This deductible is your portion of the replacement cost. That means you are responsible for paying out the deductible in the event your claim is paid out, that is, if your entire roof costs $10k and your deductible is $1k then the insurance company will pay your chosen contractor $9k for the $10k roof, and you will be responsible for paying your chosen contractor the additional $1k.
Your insurance claim is usually paid out in a series of different payments:
Property owners will often find this process confusing as the insurance company will send a check with the first estimate, and sometimes offer little additional information. It is important to hire a contractor you can trust to help walk you through this process and make sure you get the most value out of your insurance claim.
You can’t prevent storm damage to your property but, you can control how quickly and effectively it is remedied.
MB²’s leadership team — Mark, Britta and Scott— have more than 20 years of roofing and business experience. Mark’s extensive masonry experience and business operations knowledge, Britta’s impressive financial background, and Scott’s advanced knowledge of the roofing industry make the ideal roofing team to help your property look and feel its best. Our roofing, masonry and general construction knowledge paired with your planned or in-progress project can thoroughly improve your home or business. Call us for a free roofing estimate today!