Welcome to the FAQs page at Evolve Construction! Whether you’re patching up a few broken shingles or wondering about a full roof makeover, you’ve got questions, and we’ve got answers. So, let’s dive right into the roofing faqs you need to stay dry and secure up top.
Most insurance companies have a claims center for storm claims. These centers are typically open 24/7 to help you start the process.
No, the insurance company covers your restoration costs. Your only expense is the insurance deductible.
Homeowner’s insurance doesn’t work like auto insurance. If premiums go up, it’s for everyone in a zip code, not just you. Insurance companies can only raise rates once a year, so your rate could increase even if you don’t file a claim.
The deductible is the part of the claim amount that the insurance company doesn’t pay. The amount depends on your policy. You pay this deductible to the contractor; it cannot be waived, rebated, or absorbed according to Florida Statute 627.701.
The adjuster inspecting your home will provide an estimate for repairs. Evolve Construction will review this estimate and provide necessary information to the insurance company through a process called supplementing if changes are needed.
Depreciation is calculated by the insurance company based on the property’s category and age, along with an adjuster’s assessment. The insurance company withholds depreciation to ensure the job is done correctly. You can collect the depreciation once the job is completed.
Actual Cash Value (ACV), also known as market value, is the standard for insurance companies to reimburse policyholders. ACV is the replacement cost minus depreciation (ACV = replacement cost - depreciation) and is the initial amount you receive from the insurance company.
The mortgage company has a financial stake in your property, so the insurance company might include the mortgage company on any checks they issue to you. If this happens, you’ll need to contact your mortgage company for endorsement. They often provide instructions on their policies. Ultimately, the mortgage company wants to ensure that the repairs are done correctly and approved by the insurance. Evolve Construction can help with the necessary forms and assistance.
For most insurance claims, Evolve Construction collects the full ACV check amount and your deductible to order materials and start the project. Although the insurance company holds back some funds until the project is complete, your peace of mind is our priority. Evolve Construction is also open to discussing alternative down payment options.
No, because windstorms are considered "Acts of God." The insurance company cannot penalize you for a natural event beyond your control.
Absolutely! You can choose the same type and quality of roofing materials.
Yes, we guarantee to repair your property to code and provide a warranty for the final insurance proceeds or settlement. We work with insurance carriers and adjusters to ensure your property is restored to its pre-loss condition according to the insurance scope and estimate.
There is no downside. You are actually obligated to file a claim when you discover damage to your home.
If the insurance company doesn't approve your claim, no work will be performed, and you owe nothing to the contractor.
No, the insurance company determines the project cost and will pay for the repairs accordingly.
Yes, most deductibles range from $1,000 to $2,500, which is much less than the out-of-pocket cost to restore your home.
An Actual Cash Value (ACV) policy is a newer type of policy offered in high-risk areas where the insurer only pays for the ACV of the loss, not the Replacement Cost Value (RCV).
Evolve Construction will assess your insurance estimate against the actual damage. If additional coverage is needed, we will submit photos and a claim supplement to the insurance company. We will negotiate on your behalf to secure additional funds. The insurance company will finalize any changes and issue a new estimate or a supplemental check.
Evolve Construction partners with various Public Adjusting firms nationwide and works closely with your PA or attorney to ensure the claim is settled efficiently and fairly.
Evolve Construction requires a down payment of 30-50% of the job cost or the initial insurance check, whichever is less. You should always keep most of the insurance money for protection. Avoid paying contractors with personal funds; use the insurance funds instead. We can help get your check endorsed by third parties or your mortgage company.
Yes. Speak with your sales representative to discuss potential referral or advertising incentives.
Didn’t find what you were looking for here? No problem! Whether you’re digging for more roofing residential faqs or you’ve got a unique question about your own roof, we’re all ears – just a quick call or click away.
Remember, that nifty $500 discount won’t last forever, and neither will a troubled roof. Get in touch with us today and make sure you’re covered by the best in the biz!Â
Pick up the phone or drop us an email – let Evolve Construction take the worry out of your roofing woes. We’ve got the answers, the expertise, and the deals, just for you. Don’t wait until the next big storm; contact us now and let’s keep that roof over your head in tip-top shape!
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