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Laramie Construction
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Laramie Construction
Laramie Construction

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Here is an important tip for homeowners whether you have damage from recent storms or not. Carefully look over your homeowners policy. Make sure you have RCV or "replacement cost value" insurance and not just an ACV or "actual cash value" insurance on your policy. If it is an ACV policy, the insurance company will reduce the amount of money you receive based on what they feel is the value left. This can mean as much as a 90% reduction depending on how old the roof, siding, etc. is on your home. Also, make sure you have code and ordinance coverage with your policy because this will cover any code upgrades to your home, like ice & water shield, windows, and ventilation. If your home is not properly ventilated, the manufacturer's warranty is void. If you have code and ordinance upgrade included on your policy then your insurance company is required to upgrade your ventilation to meet code and keep your warranty on your shingles. Please give us a call if you have questions. Jeff has trained and certified in attic ventilation systems. Your insurance company will not come out and tell you these things and most homeowners find out too late that they don't have these things on their policy. Thank you for choosing us to do your work! We know how to handle insurance claims.
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Screaming from the rooftops: When insurance won't cover repairs

"The roof over your head" stands for shelter, a basic human need. But this essential feature could also pose a threat to your home. According to insurance industry experts, some providers are limiting their liability by imposing an age limit on the roofs. If the roof is older than the limit set by the insurer, insurers may refuse giving you a policy.
"Every company is different on how they view older roofs," said Loretta Worters, vice president of the Insurance Information Institute in New York City. "But more and more companies refuse to renew existing homeowner insurance policies where roofs are older than 20 years without passing an inspection, or failed inspections require roof replacement prior to renewal. There are some companies that are also paying actual cash value for roof replacements for older roofs or not writing a new policy with roofs over 20 years old until they are replaced."
In other words, an old roof can cost you—the difference between its value and that of a new one, or your entire homeowners policy.
The reason, according to Worters, is "very simple": a deficient roof can lead to all sorts of other necessary repairs. "If a roof is not properly maintained," she explained, "wind-driven rain that gets into a house through openings in the roof can collapse ceilings and cause extensive damage to interior finishes and furnishings. It can also cause mold and other losses that can compromise the structure of your home."
"Annual inspection of a roof is important too," Worters said, "in case there is poor insulation or improper ventilation, which can cause ice damming" and thereby destroy the walls of a home. Good roof maintenance is especially important for those who live in areas that suffer severe weather, including coastal regions where hurricanes occur and places prone to hail. "A roof is among several entryways that, if compromised by wind, can actually destroy your entire home," Worters noted.
Allstate is one company leading the effort to retrench on roof repair spending. In 2012 the insurer introduced a new product, called House & Home, to the Oklahoma market. The policy does not cover the full cost of replacing damaged roofs that are more than a decade old; in such cases, Allstate pays only the "actual cash value." According to CEO Thomas Wilson, this change is an important part of making home insurance profitable again: "People just don’t get their roofs fixed and then a hailstorm comes and we replace a $20,000 roof when we’re getting a thousand bucks from the customer and it’s obviously not a good trade." The company is said to be expanding the new policy nationwide.
Companies are scaling back on roof coverage in other ways as well. According to Insurance.com, some companies on the West Coast are restricting coverage for roofs made of wooden shingles or shakes, or excluding them from policies altogether, through documents called endorsements. Other insurers are limiting appraisal for wind and hail damage after claims are filed, which one Colorado business consultant said "effectively guts the appraisal clause in the policy. For example, if you have a metal roof and file a claim for hail damage, they may come back and say that the damage wasn’t caused by hail but by wear and tear due to age." Another maneuver is designating damage as "cosmetic," and therefore the responsibility of the client, not the insurer.
[Do you have enough home insurance coverage? Click to compare coverage options and get quotes now.]
Replacing a roof can of course be a major expense. According to Angie's List, a professional job for a standard 2200-to-2600-square-foot roof can cost between $5,500 and $12,000. Roofs that are especially high or steep, or made of wooden shakes or metal, are more expensive to redo. But there isn’t an alternative if one’s home insurance is on the line.

Insurers are wary of older roofs because moisture and decay, compounded by sub-par maintenance, make them especially vulnerable to damage. But it’s not just weather and age; many roofs suffer from poor workmanship in the first place. One expert quoted by Insurance.com said that the proportion of new roofs that don’t meet the specifications for a valid warranty is "in the high 80 percent range." Homeowners considering roof replacement are advised to be careful when hiring workers: visit the Roof Consultants Institute to find an assessor, or the National Roofing Contractors Association to locate a qualified contractor. Even if you don’t spring for a replacement, a written report can help prove to your insurer after a storm that the damage wasn’t pre-existing.

And make sure the contractor you hire is alert to the possibility of underlying damage to the wooden structure of your home. If unaddressed, this can require lots of further work once the new roof is installed.

You can always ask another company for a policy bid if your insurer surprises you by adding an endorsement or demanding an inspection of your 20-year old roof before renewal, but this is a trend that seems likely to continue.

Article provided by Yahoo Homes.
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Here is a good clip about Nebraska barns.  Since we restore them I thought it was a good fit.  Give us a call if you have one you want restored or tinned. 402-275-3200
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Is your house in need of a change?  Think about all these different options.  We can even help you design the new look of your house to help you love where you live. 402.275.3200
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Time to get those gutters in working order.  Call us for a free estimate!
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