ACV Insurance Policy

gman1966

I'm having trouble collecting money from an insurance company. I would like to fax the insurance documents to someone who is familar with ACV Insurance policies. Right now I'm out about $3,800. If recovered, I would be happy to compensate $500.

Travis

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dougger222

Not 100% sure but the money owed may not be recoverable. Some second rate insurance companies only pay full replacement up until the age of 15 for the roof surfaces.

In the past 100+ claims only 2 have had this type of insurance. When they buy the insurance more than likely they either chose the coverage or it was forced on them due to having an old roof on the house when the policy was purchased.

alltite@comcast

Hi
I don't know if it help but my brother-in-law owns an insurance co
I could ask if there is any shortcuts kelly AWT inc

gman1966

Please do. I would appreciate it.

dinkisdad

Let me guess who the insurance company is. MMMMMMMMUUUUUUUUHHHHHHH
Is it American Family? I would be surprised if it isn't.

What does the insurance ppw say? If the ppw shows the amount of the ACV as the amount surrounded by <$3800> that tells me that it is non-recoverable. And you may be screwed my friend. If the ppw shows the amount as ($3800) it is recoverable and you will have to document why you should recover the amount to the adjuster. IE: show pictures of the extra layers, plywood decking etc.

If you are in Colorado I may be able to help as I am a licensed Public Claims adjuster.

It is important that you know how to read the insurance ppw from the adjuster.

You can fax me the ppw. Fax number is 206-202-2543.

Ed the Roofer

Is it the ACV or the RCV you are in dispute about?

Remember, your contract is with the home owner, not the insurance company. If the insurance company proceeds do not pay off the contract amount that was agreed to, then the home owner is responsible for the difference.

Did you file a lien yet?

Did the homeowner have full replacement cost coverage?

The depreciation amount is withheld until the work is completed and signed off.

Did the insurance company agree to the scope of work in the contract before you started?

They may not have felt that the entire scope submitted was an insureable loss.

Ed

dougger222

I like American Family claims, A LOT. I had State Farm which is good and I like working State Farm claims too. Did a roof for an Am Fam agent and now it's a great relationship. Since he scratched my back I scratched his and now he has all my insurance except for roofing liability.

From state to state insurance companies can go from great to good to bad to horible. In Minnesota Am Fam and State Farm are two of the best.

With Am Fam when I fax my Xactimate estimates they usually pay to the cent. With State Farm it takes a little convincing and with some it's like the adjuster or office adjuster is writing the checks from their own check book.