Storm damage restoration insurance claims in Charlotte, NC
Storm damage restoration: ACV and RCV
Storm damage restoration is needed when your property is damaged from a weather-related incident. You will need to file an insurance claim to repair or replace your roof or other damage. Property insurance claims professionals explain the following terms of insurance claims. They said, when filing for an insurance claim, the amount the homeowner get depends on whether his/her coverage is
ACV or RCV.
- ACV means actual cash value: The actual cash value is calculated as the amount needed to replace or fix a roof, not adding any loss in value associated with how old the roof was or is.
- RCV means replacement cost value: the replacement cost value is calculated as the amount needed to replace or fix the roof whilst adding the value for the age of the roof.
Some people might get caught off-guard by these results, so it’s necessary to be familiar with the coverage included by your policy.
What to do after a natural disaster: storm damage restoration
Suffering from a natural disaster or some type of property damage is a stressful occurrence on its own, compounded by having to deal with the aftermath of filing an insurance claim for storm damage restoration, which can be very overwhelming. It is necessary to have a qualified restoration contractor by your side to help ease the burden. After all, the roof insurance claims process does not only require a qualified contractor to give their professional assessment and documentation, you would also need insurance adjusters who are there to help you negotiate, amongst other things. There is also the process of following up with the hired contractors and insurance adjusters as you navigate through the process of filing an insurance claim.
Property insurance claims experts advise instead of getting your things together, take pictures and videos of the damage. Note down all that was damaged, lost, and destroyed. Secondly, you can take preventive measures of covering the hole in your roof with a tarp or you can board up broken windows, these measures will at least help to prevent accidents and water from causing further damage. It is advisable to work with your local roofing contractor or a contractor that comes commended by family and trusted friends. Finally, after taking precautionary measures, call your insurance company as they may have a time limit to receiving claims.
The best storm damage roofer in Charlotte NC
It is helpful to call a professional in storm damage restoration. The owner of Steele Restoration is a former insurance adjustor, so you are in good hands. Steele Restoration is a fully licensed and insured Charlotte NC-based general contractor and roofing company specializing in roofing, siding, and storm damage restoration for single-family homes, multi-family complexes, and commercial and industrial sites. We service Charlotte and surrounding areas including Rock Hill, Lake Norman, Steele Creek, Matthews, Ballantyne, and Blakeney. Let’s guide you through your insurance claim processes.