The paperwork you receive from your insurance company only represents an estimate for roof repairs – it is not a final settlement.
The IL Department of Insurance recommends that your roofing contractor be at your home when your insurance adjuster arrives to inspect your property for damage. While most adjusters are very honest and good at what they do, they are busy and may inadvertently miss something or overlook an important aspect of your claim.
Your insurance company cannot cancel you or raise your rates for weather related claims. However, if you’re involved in a catastrophe, your insurance company may raise rates on everyone impacted in order to stay in business.
If you choose a roofing company that charges less than “fair market price”, you will probably get inferior materials, less than quality workmanship and/or a lack of quality service after the sale.
The difference between “fair market price” and your lowest bid cannot be applied toward your deductible. Your insurance company keeps the savings.
