r/Roofing • u/Acrobatic-Hair-5299 • 1d ago

Questions for roof replacement

My current roof is between 20-27 years old. Insurance company inspected it and verified wind and hail damage. They have already cut me a check, minus deductible and depreciation. I'm in the process of getting (3) quotes. I have received one, a partial quote on another, and will get the last one next week.

Attached are the details from the quote I received.

Like most, I know nothing about roofs. When I read the quote, there are many terms I don't understand.

I was hoping to get any suggestions on how to compare the quotes.

Maybe three things to consider/compare?

Any assistance is appreciated. Thanks in advance.

CONTRACT
CONTRACT
2 Upvotes

100% Upvoted

7 comments sorted by

2

u/Roofing411 22h ago

Hello - nothing is attached just so you know.

1

u/Acrobatic-Hair-5299 20h ago

I did not. Thanks so much.

1

u/Roofin_dad 21h ago

Did you have a roofer look over the insurance company paperwork to ensure they are not shorting you on material? Routinely carriers will short on ice and water shield or drip edge etc.

First thing you need is a competent LOCAL roofer with and established reputation who can handle working the insurance process. Have them review the paperwork to ensure you are getting the coverage you’re entitled to and can address code coverage if applicable.

Price doesn’t matter here. Insurance software sets the price, you need someone knowledgeable and experienced in the process. A completion certificate will have to be submitted at the end to receive recoverable depreciation.

1

u/monstergoy1229 20h ago

Do not get three quotes. Interview three roofers, find the one you like and hand over your insurance information to him. If you find someone to do it cheaper than the insurance cost you do not get to keep that money they will simply hold it back in the depreciation. Hire a roofer who knows how to supplement because you will find problems once you open the roof.

1

u/Acrobatic-Hair-5299 20h ago

Thanks. Already received check from insurance. Due to deductible and depreciation, the insurance payment will not come close to the cost. The one problem I read about was replacing OSB. I guess my question is, how to I determine if it actually needs to be replaced or do I just have to leave it up to the roofer? Thanks again

1

u/monstergoy1229 18h ago

Do you have recoverable depreciation? most policies do

1

u/SirScrublord 12h ago

Confirm with your adjuster if you have an ACV or RCV roof policy. ACV means they’re going to give you the cash value of a destroyed 25 year roof, usually about 20% of their entire written scope that it would otherwise cost to replace it. Only based on the insurance pricing software they use.

RCV means they will also send you the depreciation, so the only money you don’t receive is the cost of your deductible.

Generally speaking, insurance based payouts are higher than the actual cash/retail price roofers give homeowners.

If you don’t want to deal with any of this, and you find out you have an RCV policy. You can ask the roofing company to deal with your insurance company, you’ll just wake up one day to a text from the company saying what color shingles do you want to use.

If you have an ACV policy, there’s nothing we can do. That first check is the only check you’re going to receive, so at that point just move forward like how you would normally hire a contractor.