Hail damage mainly shortens the life of your roof through accelerated granule loss to the shingle. The granules protect the underlayment of the shingle and in the normal aging process, granules fall off over a period of many years. During a hail storm those granules get knocked off and can cut the life of your roof in half. During our Storm Inspection process, we look for shingle bruising or dark circles representative of the size of hail.
Your insurance company pays for hail damage to minimize its level of loss. For example, a roof with 15 years of life left should not leak. However, this roof will most likely begin to leak after a hail storm. If this leak is not repaired, additional damage will incur & the overall insurance loss will be much greater in the end. Additionally, the insurance company owes you for the loss of value in the depreciated value of your newer roof.
Damage to vinyl siding will normally be shown by visual breaks, cracks or holes in the siding product. Normally, if these items are not present, your siding has not been damaged. On the contrary, aluminum siding shows damage in other ways. Large hail will produce dents throughout the entire elevation of aluminum siding. Even smaller hail, with high velocity crosswinds, will produce dents large enough to cause significant damage to the aluminum. Small dents are considered cosmetic damage by your insurance carrier and, in most cases, are covered under your property insurance policy. Hail can also cause similar damage to your aluminum guttering system. Dents visible from hail are normally cosmetic, but in most cases, are still covered by your insurance policy. This is again because of the lost value of the property as a direct result of the cosmetic damage.
Each mortgage company has its own unique policy regarding insurance payments. You should contact your mortgage company as soon as you receive the first check and request their procedures. It may take up to 4 weeks before you are able to deposit this check so being prepared & planning ahead will ensure that your project flows smoothly. The mortgage company will also typically request that your contractor complete several forms. Your Final Touch representative can help you through this communication and data collection process by dealing directly with the mortgage company on your behalf.
Legally you are required to pay your insurance deductible. The insurance company will take the cost of your deductible out of the claim money so it is paid right away. You still owe your deductible to your contractor for insurance related work.
RCV stands for Replacement Cost Value (RCV=Depreciation+ACV). The cost of repairing the covered damage in today’s market. Most home owners policy’s are RCV however if you are a landlord look into your policy. Most landlord policies are ACV only.
Depreciation is a decrease of the item's value (useful life) due to age, wear or market conditions. Your estimate may include depreciation for items & materials that are being replaced. Once the replacement of your covered loss has been completed, you may be able to recover the depreciation amount that was withheld depending on your policy terms, conditions and exclusions. We will help you though this discovery process and will make sure you have a solid understanding of these issues as we move through your project.
We provide a standard 1 year labor warranty, however; we offer several other extended warranties options. We are a Certified GAF Installer, and are one of only a handful of companies in Ohio that can offer a “bumper to bumper” 50 year warranty that is fully backed by GAF. This warranty covers everything including labor at a non-prorated rate.