The cost will be contingent upon what the insurance carrier allocates for the job. On an RCV (replacement cost value) policy, the insurance carrier pays the cost of replacement determined by regionally specific, third-party pricing software called Xactimate. Island Roofing uses this same software, therefore, cost of specific line items is not an issue, only scope of repairs needed due to storm damage. In this type of policy the carrier usually withholds the depreciation (determined by age and condition) until the work is finished and a final invoice is submitted. If that invoice is less than the allocated amount, then the carrier retains that additional amount, so that the insured is still responsible for their deductible. Submitting an invoice for an amount higher than the actual contract amount in order to offset the deductible is insurance fraud.
How much is this going to cost?
By wcgpros| 2018-01-03T22:24:22-05:00 December 15th, 2017|Comments Off on How much is this going to cost?