Insurance Contract

Now that you have identified and documented all the roof damage that needs to be repaired you may begin working on your roof replacement insurance claims. First of all, according to your insurance policy, you need to schedule a visit by an insurance adjuster once your roofing contractor confirms the damage. Moreover, your contractor may wish to meet you and the adjuster at the time they visit your property. It is very important that they are present to point out areas of damage and concern to the adjuster.

A deductible is the amount of money included in an insurance contract that you are responsible for paying when seeking insurance coverage and before the insurance company will start processing your claim. It is the way in which risk is shared between you, the policyholder, and your insurer. In this case, you kind of reimburse yourself for your loss. The amount of money you paid is subtracted, or deducted, from your claim. Moreover, the larger the deductible, the lower the premium for an insurance policy.