FAQ – Roof Replacement with Insurance
Some questions and answers about insurance
Why is my insurance check less than what my roof will cost?
There are two main deductions from an adjuster’s estimate of your roof replacement cost:
Your Deductible: This is the amount you’re responsible for paying before insurance coverage kicks in.
Betterment or Depreciation: This accounts for the age and condition of your roof.
What is Betterment or Depreciation, RCV, and ACV?
RCV (Replacement Cost Value): The current retail cost to replace your damaged roof.
ACV (Actual Cash Value): The depreciated value of your roof based on its age and condition.
For example, if your roof is in year 10 of a 20-year lifespan and the replacement cost is 10,000,theACVwouldbe5,000 (10/20th of $10,000). The difference between RCV and ACV is the depreciation, which is typically paid after you submit a final invoice.
Is the adjuster’s calculation of my replacement cost final?
No. Adjusters’ estimates can vary, and it’s common for your contractor and adjuster to reconcile differences. At Firehouse Roofing, we’ll work with your adjuster to ensure your estimate is accurate and fair.
What is the bottom-line cost to the homeowner?
You are responsible for:
Your deductible
Any upgrades or additional features you choose
Can I reduce my deductible by choosing a cheaper contractor?
No. Your deductible is a fixed amount you must pay, regardless of the contractor you choose. Choosing a cheaper contractor only saves the insurance company money and may reduce the depreciation you receive.
Some contractors offer to “cover my deductible.” Is this proper?
No. Covering a deductible is improper and unethical. A reputable contractor like Firehouse Roofing will never engage in such practices.
Is a sign allowance or referral fee proper?
It can be, but it’s often a disguised way of covering a deductible. To be legitimate, the fee must be the same whether you purchase a roof or not and must be reported as taxable income.
Hail Damaged Roofs in Dallas
If you’re in the Dallas area, you may have experienced the strong winds and damaging hail common in North Texas. Hail damage can be hard to spot but can lead to serious problems if ignored.
At Firehouse Roofing, we offer:
Free Estimates: Contact us for a no-obligation inspection.
Accurate Quotes: We’ll help you file your insurance claim with ease.
Expert Repairs: We specialize in repairing and replacing hail-damaged roofs.
Serving the Dallas-Fort Worth Area
Firehouse Roofing proudly provides roof inspections and repairs in Dallas and the surrounding areas, including:
Richardson, Plano, Frisco, Allen, McKinney
North Dallas, Wylie, Sachse, Murphy, Garland
Rockwall, Rowlett, Mesquite, Irving, Arlington
Grapevine, Coppell, Little Elm, Southlake, Hurst
Euless, Bedford, Grand Prairie, Mansfield, Trophy Club
Denton, Colleyville, Addison, Farmers Branch, Lewisville, Flower Mound
Contact Firehouse Roofing Today!
If you have more questions or need assistance with your roof replacement, don’t hesitate to reach out. We’re here to help you every step of the way.
📞 Call Us: (555) 123-4567
📧 Email Us: info@firehouseroofing.com
🌐 Visit Us: www.firehouseroofing.com
