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  1. #3
    Grand Master Know It All eddiememphis's Avatar
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    Quote Originally Posted by Erni View Post
    The MILs house needs a new roof after the last hail storm.
    Looking for recommendations and avoids or anti-recommendations.

    Another question.
    The insurance company is giving us a not to exceed value for the replacement. They will cut a check for 60% of the value and the rest when they inspect the work. Anything in excess of the value needs to go for an evaluation after the fact. Which I think means they will not pay.
    Is this normal?

    Thanks.
    Yes, depending on the policy.

    There is replacement cost and actual cash value.

    Replacement cost will pay to replace it with out depreciation.

    Actual Cash Value will give you the depreciated value at the time of the loss on your roof.

    Edit to add-

    It is normal to only pay a bit up front and the rest upon completion. Keeps the storm chasers at bay.
    Last edited by eddiememphis; 07-21-2023 at 14:30.

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