What is actual cash value of a 3 tab 40 square 20 year old roof?
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Asked in Insurance, Homeowner's Insurance
If insurance company sends a check for roof replacement and one get it 'fixed' does he has to send the money back to insurance company?
Most policies will pay for roof damage on an "Actual cash value" basis until the roof is replaced. Then, IF you have replacement cost coverage they will make up the difference of the amount paid under actual cash value and actual replacement cost, LESS the amount of your deductible. If you elect not to repair or replace the roof, your insurance company could exclude your roof from further damage or additional payments until you show the monies paid to you were used to repair or replace as indicated by their estimate and claim payment. Otherwise, the money is yours unless the home is mortgaged. If it is mortgaged, the check should have been made to you and the mortgagee, and if the mortgagee endorses it it is yours.
Asked in Homeowner's Insurance
What do the terms RCV and ACV mean on a claim?
They stand for Replacement Cost Value and Actual Cost Value. Replacement cost value means the true cost to replace the item in today's market, meaning if you have damage to a roof and need to replace it the payment will be based on current market pricing. In an Actual Cash Value or ACV settlement in the same situation they will depreciate the roof by determining it's life expectancy and only pay you the depreciated amount. In some situations they will also depreciate a RCV settled claim but in that event you will typically have a specified amount of time to replace the item and have the depreciation reimbursed afterwards.
Is the square footage of your roof the same as the square footage of your home?
How do you calculate roofing shingles?
Asked in Building and Carpentry
How many bundles of shingles for a 28000 square foot roof?
Asked in Home Improvement, Building and Carpentry
How much value will a new roof add to a home's value?
The difference between instrumental and terminal values?
Asked in Math and Arithmetic
What is the formula for figuring square footage of a roof?
How do you find square yards of a roof?
To find the area of a roof in square yards, first measure how long it is and how wide it is in feet. Multiply the two numbers together to get the area in square feet. Since there are 9 square feet in a square yard, divide the number by 9 and you will have the area of the roof in square yards. If the house is L shaped, measure the different sections separately and then add the square yards together.
Asked in Math and Arithmetic, Algebra, Area
How square feet are in a roofing square?
Asked in Math and Arithmetic, Geometry
What is an example of a square based pyramid that you can find around the home?
Asked in Building and Carpentry
What does 500 square mean as it pertains to roofs?
500 square would be 50,000 square feet. Not knowing in what context this is used, it could be that it should read or mean 500 square feet which would be a small roof. 50,000 is a very large roof. Shingles are figured in squares. 1 square is 100 square feet made from 3 bundles of shingles on average. That is just how a roof is figured so that there is a common reference point.
How many squares of shingles to cover 1350 square feet of roof?
How many bundle of roofing shingles to cover 2800 square feet?
Roofing is sold by the "square" which is 100 square feet per "square" and there are 3 buncles per square. A 2800 square foot roof = 28 squares x 3 bundles per square = 84 bundles. Add about 10% (3-4 bundles) for trim waste. This is pretty accurate for a simple hip roof. A roof with multiple valleys can take a bit more.