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How To Read Your Insurance Claim Document 

Homestead Roofing, Inc
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If you don't know how to read an insurance claim document, you're not alone. Insurance claim documents are confusing. There are a bunch of different numbers a huge amount of sections that don't seem to relate to anything, and an endless array of dollar amounts.
In this video, we'll help you understand and make sense of your insurance claim document. We'll explain the lines that talk about depreciation, deductibles, actual cash value, replacement cost value, overhead and profit, and much more.
If you've ever been mystified or intimidated by an insurance claim document, this video will clear up the confusion.
Homestead Roofing, Inc is a licensed and fully-insured roofing contractor in Colorado Springs, Colorado and serving homeowners in Colorado Springs, Fountain, Falcon, Peyton, Manitou Springs, and other surrounding communities.
Visit the Homestead Roofing website for a lot more information, education, scam alerts, and tips at homesteadroofin... or call our office at 719-433-6991 if you have any questions about this, or any other roofing-related topics.

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21 авг 2024

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Комментарии : 23   
@mishonbaker403
@mishonbaker403 2 года назад
Thank you I am a brand new adjuster and this information was more than helpful because I'm working more as a claim examinator processor and the training sucks that they gave us but we are the people that do the investigating in the claims to write the check for the insured.
@homesteadroofing
@homesteadroofing 2 года назад
Wow! Glad we can help you!
@mariad.escoto555
@mariad.escoto555 5 месяцев назад
i dont know why I didnt view your videos. I learned so much!! ty
@suebrunk2732
@suebrunk2732 4 месяца назад
Thank you so much!
@1SonOfThunder1
@1SonOfThunder1 6 месяцев назад
Extremely helpful! Thank you.❤
@Sbregher
@Sbregher Год назад
OMG! This video was so helpful! Thank you so much!! Now I have to figure out why some of the quantity totals don't match the sub totals under some of the categories.
@homesteadroofing
@homesteadroofing Год назад
Let me know if you'd like a little help. info@homesteadroofingcolorado.com
@Sbregher
@Sbregher Год назад
@@homesteadroofing How do I know what line items were covered in a supplemental payment? There are sections/categories that say "supplements" but their totals don't balance with the payment amount. The "supplements" total is less than the payment amount. I need to know what amount went toward roofing & gutters. Why can't they just put an astrid (*) by the lines items that are covered in the payment. I asked my claims adjuster to send me a list of the items that were covered by the payment, and I was told that it is listed in the new estimate. How do I know what line items were covered in a supplemental payment?
@fuelmmma
@fuelmmma 5 месяцев назад
Any videos on reading the insurance drawings of the measurements? Great video
@salahglobal3026
@salahglobal3026 4 месяца назад
Thank you for a great video!
@two60zcowboy27
@two60zcowboy27 2 года назад
Top Notch! Thanks 👍🏻
@JUSTinTx254
@JUSTinTx254 8 месяцев назад
Can the contractor charge more than what the claim is covering? Or will that come back on the home owner?
@homesteadroofing
@homesteadroofing 8 месяцев назад
If the contractor is charging more than the claim amount, that's legit. If the homeowner doesn't want to come out of pocket for the difference, either the homeowner or the roofer needs to demonstrate to the insurance company why his cost is higher. Or... if all his charges are justifiable, then once the homeowner has paid the bill and sends it to the insurance company, the homeowner will get reimbursed.
@mariad.escoto555
@mariad.escoto555 5 месяцев назад
so I got a significant amount for our new roof. I 5 bids. 14, 12, 9, 8, and 8 in thousands. I chose a local buisness. they are offering 5 years guarantee. warranty is void if a tornado, huricane, wind or hail somes and damages the new roof. Is that protocol? they have 15 years exp. ty
@homesteadroofing
@homesteadroofing 5 месяцев назад
Yes, those things will void warranties.
@davidjmcgree
@davidjmcgree 11 месяцев назад
Who receives the depreciation check? The homeowner first or is it sent directly to the contractor?
@homesteadroofing
@homesteadroofing 11 месяцев назад
that depends on the agreement you have with the contractor.
@mishonbaker403
@mishonbaker403 2 года назад
So how do I find the very first video of the series that explains the claim
@homesteadroofing
@homesteadroofing 2 года назад
Sorry... I thought I had them all back-linked and cross-linked. Here's the 1st in the series. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-kJCM3uImXS0.html
@brendacollazo7740
@brendacollazo7740 Год назад
why mine has amounts on the non-rec deprec part for the service, i asked insurance and they said something about it so they are not changing ti. for genera demolition they deducted 734.97.
@homesteadroofing
@homesteadroofing Год назад
That's really weird.
@ericemeritz9870
@ericemeritz9870 Год назад
Who gets paid the $1,000 Deductible? Insurance company ? Contractor repairing roof? Me ?
@homesteadroofing
@homesteadroofing Год назад
This is an old video of mine, but it may help clarify - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-03moxfQXJL0.html
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