Facts and Myths about the insurance claim process
If I find a roofer who does the work cheaper than my insurance company estimated, then I can pocket the difference and make some money.
My insurance company says I have to get three estimates and go with the lowest estimate.
It doesn’t matter what company I have fix my roof after a storm.
My insurance company will cancel my policy if I file a claim.
If I file a claim, my insurance company will raise my rates.
Common Indications that you may need a roof inspection:
- Recent Hail or Wind storm
- Water-stains on the ceiling
- Roof debris on the ground after heavy winds
- Rotted, warping, or curling of existing roof material
- Extreme granule loss from shingles
According to Texas State Insurance laws, this is considered insurance fraud. Not only is this insurance fraud, insurance companies require the roofing contractor to provide a final invoice to them. Getting the work done cheaper than the insurance estimate actually saves the insurance company money and does nothing for you. If the price of the roof replacement is lower than the insurance company estimate, your insurance company will in turn, adjust your final depreciation check accordingly, making the final depreciation check less by that amount. More importantly, in many cases customers end up with a roof of lesser quality than what they could have received, precisely because they went with the company that had the lowest price.
You are not required to get three estimates. You determine which company you want to hire to expedite the work for you. Even though the insurance company is paying for the work, this does not mean that you have to go with the lowest or cheapest estimate just to save the insurance company money.
You want to make sure the company you hire is insured and local. Make sure to check with the Better Business Bureau to ensure that you are working with a reputable company. Unfortunately, during an active storm season, many companies come into an area temporarily as “storm chasers”. These companies ‘work’ an area after a storm then leave to go on to the next storm area. This means that they will not be here to contact for warranty work and/or for service calls. Often these companies replace the roof as fast as they do because they aren’t concerned about backing their work by honoring their warranty and they often try to collect money before the work has begun and then never complete the work. Golden Eagle Roofing Company never collects money until the installation is complete.
Insurance companies cannot cancel your policy for a disaster related claim.
After a disaster, whether you get a new roof or not, the state board of insurance in Austin, Texas may raise everyone’s rates in your area. You are better off getting a new roof since your rates could go up anyway due to the disaster.