Simply, no. The insurance company is paying for your restoration. Your only cost is your insurance deductible.
Storm Damage Restoration
Minnesota’s Choice for Storm Damage Roof Repair
Extreme weather occurs when it’s least convenient. Hail storms are known to cause damage to property, along with wind storms, tornadoes and even ice dams. Experienced in storm damage restoration and the process that goes along with it, we are here to help you through the necessary steps in order to have your home good as new.
Roof damage caused by hail storms and wind storms may be hard to see to the untrained eye. When hailstones or debris from wind storms impact a roof, immediate leaks may not occur, however, long term damage may occur when indentations allow moisture to get under roofing material.
Our team at Elysian is experienced in identifying storm damage. We offer a free no obligation storm damage assessment to all homeowners. If your property does have storm damage, we can work with you through insurance claims processes to properly restore your home.
The Storm Damage Restoration Process
Step 1: Full Storm Damage Inspection
An experienced Elysian representative will come to your property and do a complimentary storm damage analysis. Not only will we provide you a full analysis of the damage, we will also educate you on the effects storm damage can have to a property. Some types of storm damage, hail damage in particular, can be hard to see with the untrained eye. That is why all of our representatives are fully trained and qualified at depicting storm damage to exteriors to a property.
Step 2: We Work With Your Insurance
We meet your insurance company on your property to ensure that your assigned adjuster is properly assessing the storm damage to your property. We are there to represent you and ensure you are getting an accurate assessment.
Step 3: Restoring Your Property
We work with your insurance company to ensure that your property is fully restored to better than before. After the adjustment, you will receive paperwork . This paperwork is the adjusters report which is an overview of what the insurance company is covering. An Elysian Representative will review the paperwork and ensure that they are adequately covering all elements to properly restore your property. Once this process is finalized and confirmed, we will begin the restoration process.
Workmanship + Warranty
Step 4: 10-Year Warranty
We are experts on remediating and restoring a property after a storm. We are familiar with all codes in the state of Minnesota. Elysian provides 10 year warranty on labor which is relatively unheard of in the construction industry. Since we are a certified installer by the major shingle manufactures, you also are receiving the very best material warranties on the market.
Insurance Claims Experts
Elysian has extensive experience in insurance property claims and we have extensive experience working with all insurance companies. When it comes to storm damage, our knowledge of the insurance industry helps to make the process easy for you. It is our job to take the headache and hassle out of the process for you.
Elysian will work with your insurance company to ensure you…
- Are receiving a fair and honest assessment.
- The settlement covers the costs of materials and labor.
- Your property is properly repaired to pre-storm condition or better.
Frequently Asked Questions
Will filing a claim cost me money?
Will filing an insurance claim effect my rates?
Hail is considered a no-‐fault claim (there is nothing you could have done to prevent it) An insurer cannot raise your rates just because you filed a claim. However, when a large storm occurs, an insurer may raise the rates of everyone who lives in the storm path, regardless of a claim being filed.
Will my insurance company pay enough to get the job done?
Yes. Many times the insurance company might make a mistake as to how they compensate you for the repairs to your home. In those situations, Elysian Construction has a dedicated staff of insurance professionals to properly identify and communicate all such areas and obtain insurance approval for corrections.
Do I need to get an estimate?
No. A contractor that is ready to give you an “estimate” on your insurance restoration job does not understand the insurance industry. The insurance company is paying for the repairs to your home and they set the price. Therefore, the ONLY estimate that protects you from out of pocket expense and guarantees you a complete restoration is one that the insurance company has written and/or approved. All contracts with a contractor should be on a “insurance proceeds” basis.
What is depreciation?
The insurance company determines the depreciation based on a combination of objective criteria (using a formula that takes into account the category and age of the property) and subjective assessment (the insurance adjuster’s visual observations of the property or a photograph of it). The insurance company will withhold depreciation as an incentive to get homeowners to complete the job correctly. You will be able to collect the depreciation held by the insurance company when the job is completed.
Why is my mortgage company on the check?
The mortgage company has a financial interest in your home and the insurance company must include them on any checks they issue you. You will need to communicate with your mortgage company to get them to endorse the check. Many times they will send you a packet of information explaining their endorsement policies. In the end, the mortgage company wants to ensure you abide to the pricing and scope of work approved by the insurance company. Elysian Construction is ready with the proper forms and assistance to help you with this
What is ACV?
Actual Cash Value (ACV), also known as market value, is the standard that insurance companies prefer when reimbursing policyholders for their losses. Actual cash value is equal to the replacement cost minus any depreciation (ACV = replacement cost -‐ depreciation) and is the initial money you receive from the insurance company.
What is RCV?
Replacement Cost Value (RCV), simply stated, means the cost to restore the damage to your property with materials of the same quality. RCV is the Actual Cash Value plus (+) the depreciated value. This is the total amount to which you are entitled when the job is complete.
What if there is more damage to my property than the insurance has covered?
Elysian Construction will review your insurance estimate and compare it to what is actually damaged on your property. If there are changes to be made, Elysian will submit photographs and a “claim supplement” to the insurance company on your behalf. Elysian will engage in discussions with the insurance company in an effort to gain you additional coverage. The insurance company has final say and will communicate changes by way of a new estimate and/or a supplemental check made out to you.
Can you cover my deductible?
No. It is illegal for a construction company to pay for your deductible. Speak with your sales representative, we may be able to offer you referral or advertising incentives.
What type of down payment do I need?
Elysian Construction requires a down payment of 50% of the job or the initial insurance check, whichever is less. You ALWAYS retain the majority of the insurance money to protect yourself as a consumer. Never pay a contractor with personal funds. Deposit insurance funds and always use those.