Want this question answered?
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.
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.
Are you thinking about a "gable"?
By taking the square footage and the actual pitch of the roof and using a chart that will give you a 10 year frequency (average rain fall) per hr. Also a major factor is if the roof surface is for weather protection only or promenade
what is the cost of a roof per square foot
per roof square.
99.7
Unless you have a flat roof, no; the surface area of the roof will be larger than the ground area of the building.
None. When appraising a home, a bad rood will discount your sales price by roughly $7,800 for a home that's 3500 square feet, or roughly $2.14 per square foot. So a new roof will only allow you to "maintain" the sales price. I hope this helps Regards, Dr. Maltese
depends on pitch of roof,and height of roof ,
10
30.