If your insurance policy includes replacement cost coverage, then you may be eligible for more reimbursement than what your claim initially reports. How is this possible? Well, we all know things lose value over time, and so your initial claim report may only show the current value of your roof minus the deductible. That’s why you are right in thinking there is not enough in the claim to cover the new roof you need.

But, if you have replacement cost coverage you may be able to get reimbursed the difference between what your roof is worth now and its original cost after the roof is replaced. Hopefully that puts a smile back on your face. Let us help you get back your recoverable depreciation on your next project!

Tips for claiming recoverable depreciation:

1. Check your policy to make sure you have replacement cost coverage
2. Save records: Make sure you keep a good paper trail of everything that went in to replacing your roof.
3. Be quick: There can be a time limit on your policy for collecting recoverable depreciation.  Make sure you work with your contractor to make sure the job is done on time.

Some roofing companies play the odds with insurance claims to see what they can get. After all, it’s no skin off their back.  You can’t get the claim if you don’t try, right?

Well, there is a potential downside to this approach. The problem is, the roofing company is not affected by it. You are.  If you make too many claims with your insurance company that are not approved it can lead to a negative claim history. Eventually this can even cause an increase in your rates. That is why it’s important to make sure you know whether the damage to your roof will qualify.

Fleming Roofing & Restoration prides itself in working with customers to evaluate their damage and provide expert advice on whether to file a claim or not.  While no one can guarantee a claim will be approved, our track record of accurately evaluating claims is close to one hundred percent. We don’t play the odds with your insurance. Our business is built on the positive experiences of people in our community with our business. We win when you win.

Has your home inspector come back with a recommended roof repair or replacement you didn’t see coming? You are possibly days away from closing on your largest asset and now you are faced with a large unexpected expense. On top of that, your roof may be mis-diagnosed with damage. Natural wear and tear can be mistaken for hail damage to the untrained eye.

The good news is it doesn’t have to be this way.  You can take control, by bringing out an expert before you start the selling process. Fleming Roofing & Restoration can inspect your home and provide you with a signed document vouching for your roof before the inspector even arrives. Give yourself a better selling experience by knowing what your roof needs or doesn’t need ahead of time.