Insurance

Types of Homeowners Insurance Policies

While coverage varies by provider, most homeowners carry one of the following:



• HO-1 (Basic Form)- Provides limited coverage for specific named perils. Not commonly used today.
• HO-2 (Broad Form)- Covers more perils than HO-1, including hail and wind damage.
• HO-3 (Special Form)- The most common policy. Covers your home against all perils unless specifically excluded. Usually includes roof damage from storms.
• HO-5 (Comprehensive Form)- Provides the broadest coverage, often at higher premiums. Frequently includes full replacement cost for roof damage.
• HO-8 (Older Home Form)- Designed for older homes where replacement cost exceeds market value. Often pays ACV rather than RCV.

Sam & Son Roofing can help review your policy documents to determine what type of coverage you have.

Our Insurance Claims Assistance

• Help assess storm, hail, or wind damage
• Provide professional roof inspections for insurance claims
• Meet with adjusters on-site
• Assist with paperwork and claim documentation
• Ensure you receive fair compensation from your provider

We work closely with all major insurance companies to make the process fast and stress-free.

Considerations for Choosing Between ACV and RCV

• Budget: ACV coverage has lower premiums, making it more affordable upfront, but you'll receive less money if you file a claim.
• Property Age/Condition: RCV is generally recommended for older items or property where depreciation would significantly reduce the value.
• Risk Tolerance: If you prefer the peace of mind that you can fully replace items without large out-of-pocket expenses, RCV is the better option.
• Loan Requirements: Your mortgage lender may require RCV coverage for the structure of your home as a loan term condition.
• Claim Payout Process: With RCV, you usually receive an initial payment based on ACV, and the remaining amount (depreciation) is reimbursed once you've purchased the replacement item and provided proof (like receipts). 
• Always have a General Contractor onsite to help the insurance adjuster locate damage on your roof the General Contractor has personally found. Having the GC onsite helps to get the best chance of approval by your insurance. 
• Document the Damage: Take clear photos and videos of the damage from various angles, capturing the affected areas up close and from a broader perspective. Document interior damage caused by leaks, such as water stains or mold, as well. 
• Be Present During the Inspection: Homeowners should be present or designate a trusted representative to walk through the property and answer questions. Having a contractor or public adjuster accompany you can provide professional interpretation of the findings. 
• Understand Your Policy Coverage: Review your policy carefully to understand what is and isn’t covered. Homeowners often assume their policy covers all types of damage, only to find out later that certain situations are excluded. 
• Submit All Required Documentation: Provide all documentation you’ve collected, including photos, estimates, and any supporting evidence. 
• Communicate with the Insurance Company: Maintain proactive communication with the insurance company, confirming receipt of documents and noting any missing items the insurer requests. 
• Schedule an Appointment with the Adjuster: Contact your homeowner’s insurance company to schedule an appointment with a claims adjuster. The adjuster will inspect your roof and decide how much the insurer will pay based on the type, extent, and cause of the damage. 

By following these steps, homeowners can ensure a thorough and fair assessment of their roof damage claim, leading to a more accurate and favorable settlement from their insurance provider.