How To Read Your Insurance Claim Document

If you don't know how to read an insurance claim document, you're not alone. Insurance claim documents are confusing. There are a bunch of different numbers a huge amount of sections that don't seem to relate to anything, and an endless array of dollar amounts.

In this video, we'll help you understand and make sense of your insurance claim document. We'll explain the lines that talk about depreciation, deductibles, actual cash value, replacement cost value, overhead and profit, and much more.

If you've ever been mystified or intimidated by an insurance claim document, this video will clear up the confusion.

Homestead Roofing, Inc is a licensed and fully-insured roofing contractor in Colorado Springs, Colorado and serving homeowners in Colorado Springs, Fountain, Falcon, Peyton, Manitou Springs, and other surrounding communities.

[mishonbaker]

Thank you I am a brand new adjuster and this information was more than helpful because I'm working more as a claim examinator processor and the training sucks that they gave us but we are the people that do the investigating in the claims to write the check for the insured.

[mariad.escoto]

i dont know why I didnt view your videos. I learned so much!! ty

[fuelmmma]

Any videos on reading the insurance drawings of the measurements? Great video

[Sbregher]

OMG! This video was so helpful! Thank you so much!!
Now I have to figure out why some of the quantity totals don't match the sub totals under some of the categories.

[Uncommon-Amongst-the-Uncommon]

Who receives the depreciation check? The homeowner first or is it sent directly to the contractor?

[mishonbaker]

So how do I find the very first video of the series that explains the claim

[JUSTinTx]

Can the contractor charge more than what the claim is covering? Or will that come back on the home owner?

[brendaslifeafter]

why mine has amounts on the non-rec deprec part for the service, i asked insurance and they said something about it so they are not changing ti. for genera demolition they deducted 734.97.

[mariad.escoto]

so I got a significant amount for our new roof. I 5 bids. 14, 12, 9, 8, and 8 in thousands. I chose a local buisness. they are offering 5 years guarantee. warranty is void if a tornado, huricane, wind or hail somes and damages the new roof. Is that protocol? they have 15 years exp. ty

[ericemeritz]

Who gets paid the $1, 000 Deductible? Insurance company ? Contractor repairing roof? Me ?