If your home has suffered damage from a storm, dealing with the aftermath can be stressful and overwhelming. After filing an insurance claim, you may receive a settlement offer from your insurance company. One of the most common concerns about this matter is whether a homeowner needs to accept the first settlement offer or they can choose other options.
Read on as Pro Quality Construction Inc. discusses the most important considerations to make before taking a settlement offer and your options if you are unsatisfied with the proposal.
What to Consider Before Accepting a Settlement Offer
Before accepting a settlement offer, consider the amount of damage, the insurance company’s reputation and the cost of repairs or roof replacement. Ensure that the settlement offer is enough to cover all the damages incurred and research the insurance company’s reputation for handling claims fairly. Make sure you get an estimate from a trusted roofing contractor to have a clear idea of how much would be the roof replacement or repair cost.
Do You Have to Accept the First Offer?
The truth is you do not have to accept the first settlement offer from your insurance company. You can negotiate the offer by providing additional evidence of the damages or getting an independent estimate of the repair or replacement costs. If you are still unsatisfied with the offer, you can reject it and seek legal advice to explore your options. Negotiating an initial offer is very common, so don’t feel pressured by the insurance company to take less than you need for your roof.
Dealing with storm damage can be a stressful and overwhelming experience. Still, it’s essential to take the time to consider all your options before accepting a settlement offer from your insurance company. If you’re not satisfied with the offer, Pro Quality Construction Inc. in Hamilton, NJ, can help. As an experienced, roofing contractor will help you navigate the process of negotiating and seeking legal advice. We can also help you in installing your gutters. Call us at (844) 499-7878 or complete our online form to schedule a consultation.