Understanding the Statement of Loss for Storm-Damaged Roofs

Sep 15, 2020Roofing

It’s not unusual for storms to cause some damage to your residential roofing. While most roofing products are designed to withstand whatever Mother Nature can throw at it, extreme weather conditions can still do a number on even the sturdiest roofs. If your roof gets damaged, it’s important to get it fixed immediately.

Thankfully, many homeowners insurance providers cover storm damage on roofing systems. For people who are getting their claim report or adjustment statement for the first time, understanding this document can be confusing and frustrating. Today, our experts help you navigate this labyrinth and show you the important parts of your claim statement.

Be Familiar With Your Coverage

While roof repair jobs for storm-damaged roofs are usually covered, the terms and conditions can vary from one policy to another. You don’t necessarily have to memorize your policy cover to cover, but it pays to give it a full read at least once. Highlight the parts that pertain to your roofing, particularly the terms that tell you what is and what isn’t covered. Revisit these parts before you file a claim.

Statement of Loss

Once an adjuster has inspected your damaged property, the person will provide you with a statement of loss. A statement of loss and proof of loss are the same and can be used interchangeably. Before this statement is finalized, however, you can help your adjuster by providing a detailed list of all the damaged parts of your roof. If you have photographs or video of the damage, it will also help the adjuster.

Understanding the Statement

Some insurance terms can be pretty strict. For example, a GAF roof must only be repaired by a GAF-certified professional. The statement of loss will list, in detail, all the repairs necessary to get your roof back in good shape. It may also show you “depreciation,” which in insurance parlance, means the cash held back once all repairs are completed.

Get a third-party inspection of your storm-damaged roof from our professionals at Home Remedy USA, and ensure that you get the correct value to cover all your needed repairs. Give us a call at (800) 273-6080, or fill out our contact form to schedule an appointment and request a free quote today.