Build Back Steps
- Scope Video
Your project manager will submit a video to the insurance company. Once submitted and approved we then seek approval from your mortgage company. We cannot start any build back until this is complete. If you are a Self paying customer we will begin once the agreed upon amount is paid.
- When buildback is at 50% completion your mortgage company will be called to schedule an inspection of work completed.
- Once your rebuild is finished A Certificate of Completion must be signed by the customer.This is given to your insurance company to release any depreciation/deductible.*
*Your dwelling and most of its contents – such as your roof, laptop, and furniture – may lose value over time due to factors such as age and wear and tear. This loss in value is commonly known as depreciation.
Under most insurance policies, claim reimbursement begins with an initial payment for the Actual Cash Value (ACV) of your damage, or the value of the damaged or destroyed item(s) at the time of the loss.https://www.travelers.com/claims/guides/understanding-depreciation