Insurance Gurus
 

So my roof and a few other things got trashed in the hail storm up here in Omaha a few weeks ago. The insurance company wrote up an estimate of $9304 minus depreciation of $4143 minus deductible of $1780 and they are writing a check for $3380.

They state that I can recoup the depreciation amount once the work is done and I submit receipts. They included this paragraph -

"Actual cash value is an amount less than the full replacement cost of the damaged property, usually by a
depreciable amount related to the useful life of the property. You may be entitled to recover all or a portion
of the depreciation shown above, under the replacement cost portion of your policy. In order to recover the
withheld depreciation, please forward a copy of the final replacement invoices, receipts, cancelled checks or
credit card statements to the above captioned address for consideration. We will not reimburse you more than
the amount you actually and reasonably spend to repair or replace the lost or damaged property. Please be
certain to include the claim unit number on all correspondence. Your claim unit number can be found at the
top of this letter. Please note that the Conditions section of your policy also includes a time limitation of 12
months from April 29, 2013, within which to complete repairs and submit your Replacement Cost Claim."

I was considering doing most the work myself to help cover the deductible but it sounds like even if I do I wouldn't be able to recoup the full amount because they will only pay part of it. Anyone know how this works exactly?

You can do it yourself and charge yourself for the work. You will need to fill out some extra paperwork, but it's no big deal.

Roofing companies can work with you on that. Maybe not the full 1780 deductible, but atleast of a grand of that can be in the form of a coupon or discount of some sort.

This

Gump Roofing. Fill out the extra paperwork.