Originally Posted By: SumpChump
Sounds like it's a safer bet to make a roof claim when a storm affects a significant part of a neighborhood and when the replacement cost is notably higher than the deductible. Perhaps even 6 times the deductible.
You still haven't said if you have RCV or ACV - it matters.
When someone buys insurance, the insurance company provides a policy, endorsements and schedule (or declarations page). They send the insured a copy.
The best thing to do is to read it and understand it. If you don't understand it set an appointment with your agent and don't leave until you do.
If you have a covered loss then the policy will come into play, since you understand your policy you will know if you want to turn in a claim or not.
Sounds like it's a safer bet to make a roof claim when a storm affects a significant part of a neighborhood and when the replacement cost is notably higher than the deductible. Perhaps even 6 times the deductible.
You still haven't said if you have RCV or ACV - it matters.
When someone buys insurance, the insurance company provides a policy, endorsements and schedule (or declarations page). They send the insured a copy.
The best thing to do is to read it and understand it. If you don't understand it set an appointment with your agent and don't leave until you do.
If you have a covered loss then the policy will come into play, since you understand your policy you will know if you want to turn in a claim or not.
