Repairs after the Derecho
Many Bedford and Lynchburg residents are finding out their insurance is not what they thought. Insurance companies are taking into account depreciation for the value of repair. For example, if you have 20 year shingles on a 15 year old roof that was damaged during the storm. Most insurance companies will only pay the value of the roof to last for 5 years. often this will not cover the cost to repair the roof. Furthermore, downed trees that did not hit a house or a car are usually not covered under most insurance policies. So if you have a downed tree or even dangerous snapped in half and hanging in the air, you will have to pay out of pocket to take them down.
How do you avoid this problem. Have a long talk with your insurance agent. Often when people talk insurance they look at getting the lowest price. In order to get a lower price you may be giving up something that you will need.
We recommend you call Eddie Sitzler and have a serious talk about what types of coverage you need in your home, auto, and yourself.