You may be eligible for full replacement by your insurance policy, but it’s important to act quickly.
Storm Damage Inspection
When a storm strikes, it can leave your home and property in shambles. Don’t let storm damage ruin your peace of mind – turn to the experts at Raplor Construction for fast, reliable restoration services!
Our experienced team of professionals has the skills, tools, and expertise to restore your home to its pre-storm condition quickly and efficiently. Whether you’re dealing with roof damage, broken windows, water damage, or any other type of storm-related damage, we have the solutions you need.
The Inspection Process
At Raplor Construction, we understand the stress and uncertainty that comes with storm damage, which is why we’re committed to providing prompt, reliable, and compassionate service to every customer. We’ll keep you informed every step of the way and work tirelessly to ensure that your home is restored to its pre-storm condition.
Don’t let storm damage take over your life – contact Raplor Construction today to schedule a free consultation and learn more about how our storm damage restoration services can help you get back on your feet.
- 1.
Damage Assessment
Navigating complex insurance claims is difficult on your own and making sure your carrier pays you everything you’re owed is critical.
With decades of collective experience working with insurance carriers, building rapport and trust, we can make sure your claim is handled properly so your carrier pays you 100% of what you are owed.
- 2.
Filing a Claim
With you present, we will give your insurance company a call to determine the requirements necessary to file a claim on your behalf. Once a claim has generated an adjuster is assigned to your file and we are given a claim number.
- 3.
Approval
You will receive an initial payment from insurance based on the ACV (Actual Cash Value). That is your downpayment to begin work.
- 4.
Job is Complete
Once the work is completed, Raplor will diligently submit proof (such as invoices) of work completed to your insurance. This will trigger the release of the Claim Deferred Amount (RCV). This clear step-by-step process ensures that you are fully aware of the financial aspects and can plan accordingly for your final payment.
Signs of Storm Damage
Insurance and What to Expect
Why is a comprehensive check crucial?
A comprehensive check is crucial because complete documentation will positively facilitate the insurance claim process.
Will you assist in filing the insurance claim?
Yes. With you present, we will call your insurance company to determine the requirements to file a claim. Once a claim has been generated, an adjuster is assigned to your file and we are given a claim number.
Will you meet with the insurance adjuster?
Yes. At the time of the inspection, we will meet your adjuster to provide the necessary documentation to ensure all damages are accounted for during their assessment.
What happens after the inspection?
After the inspection, if your insurance claim is approved, the insurance company will issue an initial payment based on the Actual Cash Value (ACV) of the damages. This payment acts as a down payment to begin repair work. If your claim is denied, don’t worry—Raplor takes additional steps to advocate on your behalf and work to get your claim approved, ensuring you receive the coverage you deserve.
When will I receive an insurance payment?
The first check you receive is often an advance against the total settlement amount – this is referred to as the “ACV Check.” It is not the final payment.
Will I ever have to pay more than my deductible?
No. If other damages (caused by the storm) are discovered during your repair or replacement we will supplement your insurance company for any increased charges. If approved, your insurance will supplement your claim.
NOTE: Upgrades and additional repairs will be at your expense.
How will I be reimbursed?
How do I apply for the "deferred" repair amount?
The insurance company releases the deferred amount (recoverable depreciation) upon receiving proof of completed repairs. This payment covers the difference between the initial ACV payment and the total repair costs.
How is depreciation calculated?
The most common method of calculating depreciation is based on the life expectancy of the item, with adjustments made for the item’s age and condition. For example, the normal life expectancy of a composition roof is 20 years. Under normal conditions, the roof depreciates at a rate of 5 percent per year. If the roof is 8 years old with typical wear and tear, the depreciated amount is 40 percent. (5 percent x 8 years = 40 percent.) The actual cash value of the roof is 60 percent of the replacement cost. (100 percent – 40 percent = 60 percent.)
Why is my mortgage holder listed on the payment?
If there is a lien holder, your insurance policy mandates that they must be included as a payee on the payment. In such a case, it is essential to obtain an endorsement from the lien holder for the payment.
Do I have to use my insurance companies preferred contractor?
No. In the highly regulated insurance industry, insurance companies are prohibited by law from directly providing contracting services. Instead, they partner with third-party contractors to create what is known as a “Preferred Contractor List.” This arrangement offers policyholders certain perks, such as potential discounts or extended warranties, when they choose a contractor recommended by their insurance provider.
While hiring a contractor from the insurer’s preferred list may come with benefits like faster service, it’s important to note that these vendors often agree to perform work at heavily discounted rates to save money for the insurance company. This can sometimes result in insufficient funds to fully restore the property, potentially leading the contractor to cut corners or limit repairs to the bare minimum.
It’s crucial for policyholders to understand that the Preferred Contractor List is often designed to help insurers control costs and may restrict homeowners from choosing their own contractors. This is due to the pre-negotiated reduced rates between the insurer and these vendors, which may not always align with the policyholder’s best interests or the full scope of necessary repairs.