This is part 1 of a series of insurance basics to help policy holders understand the claims process and understand what options are available to them during this difficult time if and when there home experiences STORM DAMAGE, HAIL DAMAGE, WIND DAMAGE. In order to understand the claims process, we must first understand the basic premise of insurance. You were sold an insurance policy by a licensed agent. That policy is a contract between you and the insurance carrier. In return for a premium, the insurance carrier agrees t0 protect your financial interest and property from what are known as perils.
A peril is defined as a cause of loss. What caused damage to your property? There are several different types of perils. Some examples are WIND, HAIL, FIRE, WATER etc. All policies have different coverage’s for perils as well as exclusions. How your policy is written, will determine what coverage’s are afforded to you. For example, if your property has a “code ordinance” exclusion and your home sustains HAIL damage and if your roof is being replaced, any code related upgrades that may be required for your home, you would be responsible for out of pocket expenses. You agreed to, perhaps, pay a lower premium to take on that part of the risk. At the end of the day how your policy is written will determine to what extent the policy will cover you.
If you are looking for a licensed Roofing and Siding contractor in the Twin Cities MN Area call NORTH END CONTRACTING at 651-488-8605. NORTH END CONTRACTING OFFERS FREE STORM DAMAGE INSPECTIONS. Service areas include the Twin Cities, MN.
Residential Roofing Services ( GAF, OWENS CORNING, IKO, TAMKO)
Residential Siding Services ( CERTIANTEED, PLYGEM MASTIC)
Minneapolis/St Paul/Eagan/Lake Elmo/Maplewood/Shoreview/Roseville/White Bear Lake/Stillwater/ Woodbury/West St Paul/Mendota Heights/Burnsville/Apple Valley/Bloomington/Edina/Plymouth/St Louis Park/Prior Lake/Chaska/Carver/Shakopee