![]() The (ACV) column of the statement will reflect the amount of your first check minus your deductible. The loss statement will reflect the replacement cost value (RCV), the depreciation, and the actual cash value (ACV) of your loss. Most home owner policies are replacement cost and will pay that amount even though the actual cost may exceed the adjusters estimate. The statement of loss will itemize your losses, and the estimated cost of repair for each. The adjuster will either leave you a statement of loss or you will receive it in the mail in a few days. In any case you are going to be liable for the amount of your deductible and no more. ![]() If there is any difference, it will be worked out with the insurance company and the contractor. ![]() Remember, this is only an estimate and actual costs may be different. The duty of an insurance adjuster is to give you an accurate accounting of everything that was damaged by the storm and a written estimate of what it will cost to put your property back to the condition it was in prior to the storm. This can streamline the process for you and help you get your projects completed even faster. If you feel more comfortable, have a contractor there when the adjuster comes. After you have made your inspection make sure you are home when the adjuster comes and call his attention to the things you have noted. Also inspect your vehicles, any storm that causes vehicle damage usually causes roof damage. The one place to look is at the end of downspouts, look for small pieces of roofing and granules. Roof damage is about the only thing that can’t be assessed from the ground, but just because the damage isn’t visible does not mean that it isn’t there, and extensive. Some of the things to inspect and to look for are dents in gutter, bent fins on the air conditioner, dented roof vents and pipe caps, dents in window wraps and facia, damaged lawn furniture and flower pots. You can even file your claim online.Īfter you make the call make a list of all the damage you have noticed. In most cases the company will have adjusters in the area anyway. Don’t be shy about calling your agent and telling them that you may have damage.
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