Confident in your roofing company’s craftsmanship and results? Think again. What if you could improve the accuracy of Insurance Service Providers (ISPs) who deny coverage based on ROOF CLAIM DENIED findings? Following these three simple steps will help you increase the chance of your roof being declared accepted by the ISP.
What is Roof Claim Denied?
The Insurance Service Providers (ISPs) all over the United States use a reporting system to gather information from roofers and their clients. This system allows them to collect data on errors made by roofers so that they can be used for a variety of purposes, including determining the accuracy of roofing companies when it comes to their work. This helps drive roofing companies, who are rated and ranked based on their ROOF CLAIM DENIED findings, to exceed their goals.
ROOF CLAIM DENIED is a rating system that evaluates the accuracy of roofing companies. It is broken down into three categories: Accepted, Rejected and Denied.
The first category, Accepted , refers to roofs that have been completed without any errors. The second category of Rejected refers to roofs that have been completed with errors, but can be easily fixed. The third and final category is Denied , which means the roof has been judged as structurally unsound and in need of replacement.
Next, take a close look at your report and see where you rank in each of these categories.
If you find yourself in the Accepted category, pat yourself on the back because it means your company has been doing an excellent job when it comes to correctly completing roofs.
Why Aren’t Statistics Showing Roof Claim Denial Is So Terrible?
“It is rare that any particular insurance company will deny a roof claim with an average 50% denial rate,” according to the National Roofing Contractors Association. But no matter how bad it sounds, not every roof casualty is denied coverage. Some people just don’t know how to get their foot in the door in order to file a claim and need some help. Here are some reasons why this particular statistic isn’t as accurate as you might think.
1. Uninsured? Did you know that just because your property is insured, doesn’t mean the insurance company actually paid that claim? As an independent adjuster, I can almost guarantee you that many of the homeowners I work with have an insurance policy on their property. Nevertheless, they often don’t know whether or not they do have coverage and find themselves unable to pay a repair bill. It is not uncommon for these types of policy holders to think they are fully insured simply because their home has been built in compliance with the building codes. What they don’t realize is that although the home was built to code, they may not have enough insurance coverage on their property to cover any structural malfunction due to natural and man-made disasters.
2. Incoherent? What if you do have enough insurance coverage, but your claim was rejected anyway? There are several reasons why a claim may be denied by a home insurer. For one thing, you might simply not be able to make sense of the language in your policy. For instance, if you have a life insurance policy and you were involved in an accident claiming for loss of income, it was your understanding that you would be eligible for that coverage if your employer wasn’t going to be able to continue providing you with a paycheck. Again, there are many factors involved in whether or not this type of policy can be used as a catastrophic claim. The insurance company might see your loss as something that could’ve been prevented or the hospital bills may not fit within the parameters of what they are willing to pay under their policy.
3. Gullible? Most homeowners have been burned by an insurance adjuster at some point. They often don’t realize that the adjuster is only going to try and make them feel better by telling them what they want to hear or what they think they want to hear. This isn’t necessarily bad because each person has their own personal opinion about the value of a roof, for example. However, if an adjuster says that you’re eligible for coverage when you know you’re not, then he might be making a claim that’s underpaying you or even lying.
4. Lying? There is no doubt that there are dishonest insurance adjusters out there who will lie if it suits their purpose better. It happens all the time in every industry. As an adjuster, I have found that not every person who is presented with a claim is going to be running the same numbers the home insurance company has told them to use.
5. Incompetent? It often seems like insurance companies are obligated or at least tempted to deny a homeowner’s claim as quickly as possible simply because they don’t want to pay claims out of their pockets. I know each adjuster’s policy limits vary, but that doesn’t mean that they are going to be very prudent in determining whether or not a homeowners’ claim is eligible for coverage.
6. Uninformed? In many parts of the country, people simply do not know when they have a legitimate claim. Many homeowners find themselves with a blown-in-place felt shingles roof on their property that is only covered for 15 years. They don’t realize this and they don’t know how to file an insurance claim in order to get the coverage they need.
7. Miscellaneous? There are probably many other reasons why people aren’t getting their roof claims paid. On average, it takes the insurance industry 45 days to process a roofing claim once an adjuster has told you whether or not you’re eligible for coverage.
In Conclusion
It is my hope that the information provided here will help you avoid a very common situation for many homeowners – The Denial Of A Roof Claim.
To avoid these scenarios, follow the step-by-step process that I’m going to outline below in order to help determine whether or not you’re eligible for your property’s insurance.
1. Get your own independent home insurance agent(s) to evaluate your property and tell you what type of coverage you have on your home.
2. Decide which types of repairs you would like your adjuster to include in his formal application for coverage. (This is exactly like a homeowner’s policy in which you must fill out a detailed form.)