Welcome to your one-stop-shop for full roof replacement. Bedrock strives to deliver nothing less than perfection concerning customer service, quality of materials, and craftsmanship. Prioritizing insurance claims, Bedrock acts as an intermediary between homeowners and their insurance company to make the process both simple and painless.
Frequently Asked Questions
The Contract Price is Based Directly Off of the Scope-of-Loss Report Provided by the Homeowner’s Insurance Carrier. The Contract Price Consists of the RVC Amount Plus any Additional Upgrades and Supplements Not Originally Listed on the Scope-of-Loss Report.
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Why bedrock? Because of our Hands-on INVOLVEMENT with insurance carriers.
Bedrock Acts as a Liaison Between You and Your Insurance Company, Handling all Aspects of the Claims Process from Beginning to End. Starting with an Initial Free Inspection to Determine Damage, Bedrock Will Then Help You Get in Contact with Your Insurance Claims Team. After a Claim has Been Initiated, Bedrock Specialists will Meet Your Insurance Adjuster to Verify Damage and Coverage. Obtaining all Insurance Paperwork Needed to Replace Your Roof, Bedrock Bases Roof Replacement Cost Directly Off Insurance Estimates, to Minimize Your Out-of-Pocket Expenses. With our Dedicated Team of Consultants, all Headaches Traditionally Associated with the Insurance Claims Process will be Alleviated, Resulting in a High-Quality Experience and Roof Replacement. The Hardest Thing You’ll Have to do Throughout the Entire Process is Pick the Color of Your Next Roof.
WHAT IS AN ACV CHECK?
ACV Stands for Actual Cash Value, Which is What the Roof is Worth in its Current Condition. Homeowners’ Property Policies Typically Provide that the Insurance Company is not Required to Pay More than the ACV of the Damaged Property Until the Repair or Replacement is Completed. The Remainder of the Funding, Known as the RCV, is Temporarily Withheld as Recoverable Depreciation. Thus the ACV Typically Serves as Funding to Order Materials and Commence Work, not to Fully Fund the Complete Project.
What IS AN rcv CHECK?
RCV Stands for Replacement Cost Value; What the Total Roof Replacement will Cost According to the Insurance Company. This Amount is Calculated Based on Industry Averages for Labor, Material, and Overhead Costs. RCV Funding is Only Released After Work on the Roof has Commenced, and a Final Invoice is Sent by Bedrock to the Insurance Carrier Detailing what Work was Performed. It is Important to Note that the RCV Amount and the Final Cost for roof Replacement, Referred to as the Contract Price, are Often Different Amounts. This is Due to Insurance Carriers Often Leaving Out Code and Damaged Items on Their Original Scope-of-Loss Estimate. To Compensate for this Discrepancy, Bedrock will Use Supplementing to Help the Homeowner Receive a Third Form of Funding, Called a Supplement Check, Which will Cover Any Additional Costs Associated with Roof Replacement that Were Originally Overlooked.
WHAT PART OF THE ROOF REPLacement cost am i RESPONSIBLE for?
You, as the Insured, are Responsible for Paying Your Deductible. The Insurance Carrier Automatically Deducts this Amount from the ACV Funding Set to be Released. Bedrock Cannot Pay, Waive, Rebate, or Promise to Pay Any or All of the Insurance Deductible Applicable to the Insurance Claim for Roofing Work. Additional Expenses that Fall Under the Homeowner’s Responsibility may Include Additional Upgrades and Supplements that are Denied by the Insurance Carrier, but are Required by Local Municipalities to Include During Install.
WHAT IF MY INSURANCE PROCEEDS SEEM LOWER THAN I EXPECTED?
Often, Insurance Proceeds Appear to be Insufficient to Cover the Full Cost of Replacing a Roof. This is because Homeowners may be Mistaking the ACV Funding as the Full Amount They Will Receive from the Insurance for the Project. If This Amount Seems Low, Do Not Worry. A Second Funding Amount, Labeled the RCV, will be Released to the Homeowner After Work has Been Completed. This Recoverable Depreciation Amount will Cover the Remaining Balance Owed on the Roof, Outside of Additional Upgrades and Supplement Costs.
what is a scope-of-loss?
A Scope-of- Loss is a Document or a Set of Documents and Measurements that Describe the Amount and Type of Damage that has Been Done to a Structure, Plus the Quantity and Quality of Materials and the Current Cost of Those Materials and Labor that will be Needed to Repair or Rebuild that Structure. Within this paperwork is the replacement cost value for the Dwelling (Roof). Often, Insurance Carriers Overlook Work that Goes Along with Replacing the Roof. After a Supplemental Document is Filed by Bedrock, the Insured will Receive an Updated-Scope-of-Loss from Their Insurance Carrier Which will Denote the Final Contract Price.
What is supplementing?
A Supplement is a Charge, or Charges, that Need to be Added to a Claim for Items Omitted, Overlooked, Under Paid or Discovered After Work Begins. These Items May Include Code Items Based on Municipality Laws or Damaged Decking or Sheeting Boards Discovered Once the Roof is Removed During Install. Bedrock will Obtain for the Homeowner a Revised-Scope-of-Loss Document from Their Insurance Carrier Which will Outline Approved Supplements and the Updated Total Roof Replacement Cost. This Amount will Act as the Final Amount Due for the Roof Replacement and Will be Referred to as the Contract Price.
