Question on Claims with State Farm. Homeowner claim for storm damage. My roof is nearing the end of its life and we just had a huge wind storm. It needs repair but really replacement. I’ve got ACV and a 1% deductible. Do I risk turning it in and getting a tiering reduction? Would I even see any help on that $10,400 quote for a new roof? My insurance agent isn’t helpful for those types of questions and I’ve worked with Independent agencies claims, so I know I’ll be dinged either way if I file.

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The estimate to replace the roof is $10,400.00. Your deductible is 1% of Cov A - Dwelling which I'm assuming is at least $200k. Depreciation will likely be 80% on a 20 year old roof. Therefore, $10,400
-$2,000 Deductible
-$8,320 Depreciation
= $80.00 ACV Claim

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You’re saying that you have an ACV only endorsement for the roof?

Yes, the roof age is listed as 2000 so the roof is nearly to the end. I think the scenario would be.. my policy tiering goes from excellent to Meh… because I put in a claim.. but I got zero dollars for the claim because it’s an old roof. The damage is overall small area.

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Additional Posts in Claims Adjusters

Curious to hear everyone’s line of business; property/auto/bi or whatever else

years of experience

carrier or independent

company name

State

Base Salary

Bonus amount or percent

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Currently a property adjuster with 6 years of experience including complex commercial property claims. Any tips on transitioning to an analyst role?

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I am currently a licensed insurance agent for Property and Casualty. According to my state I am exempt from the Adjuster exam since I have my 220 (Florida). I’m applying on indeed but I’m unable to get any offers so far. Any tips on openings

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Welcome to the bowl. What lines of claims does everyone handle?

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