Understanding Kingwood Insurance Roof Replacement

Roof damage is sometimes unavoidable, especially if your area was hit by a storm. Insurance policies differ from each other, so it’s important that you understand yours. If you’re planning to file a claim for Kingwood insurance roof replacement, you must first know what your policy covers. The next step is to be informed on how the process works. Blue Ribbon Roofing is here to help you navigate the insurance claims process so we can get your roof back in top shape as soon as possible. 

The Difference Between RCV and ACV in Kingwood Roof Replacement

RCV or Replacement Cost Value refers to the estimated cost of replacing your roof with a new one of the same kind and quality. This type of Kingwood insurance roof replacement does not take into account market depreciation. In other words, your insurance company will cover your roof replacement without factoring in any reduction in value due to wear and tear over time.

ACV or Actual Cash Value takes depreciation into account when determining the value of your damaged Kingwood roofing. Your insurance company will cover the current market value of your roof at the time of damage. ACV considers your roof’s age, condition, and wear and tear that have accumulated.

Key Points

Depreciation: The main difference between the two is that RCV does not consider depreciation, while ACV does. RCV provides coverage for the cost of replacing your roof with a new one, while ACV provides coverage for your roof’s current market value.

Premium Cost: Kingwood insurance roof replacement with RCV typically have higher premiums than ACV coverage. RCV provides more comprehensive compensation for your damaged roof.

Out-of-Pocket Expenses: RCV is the better option if you don’t want to pay as much out of pocket for Kingwood roof replacement. RCV insurance payout is based on the cost of installing a new roof. In ACV, you may need to cover the difference between your roof’s current market value and the cost of a new replacement.

What Happens Next in Kingwood Insurance Roof Replacement

Now that you have a better understanding of RCV versus ACV, it’s time to file your claim. The first step is to request a roof inspection from Blue Ribbon Roofing so we can give you an accurate and honest quote. Your insurance company will then send an adjuster to validate the assessment. Our Kingwood roofer will be present on the day to answer any questions. After the adjuster gathers all the information he needs, your insurance company will review your case and let you know if your claim is approved.

Schedule a Kingwood Insurance Roof Replacement Today!

The Kingwood insurance roof replacement process can be overwhelming, especially if your roof is already in bad shape. Blue Ribbon Roofing is here to alleviate some of your stress by providing safety in all seasons. We will educate you throughout the process, take ownership of our work, and always do the right thing. Blue Ribbon Roofing is the award-winning Houston roofer you deserve. Contact us today to request a roof inspection!