Depreciation on siding

[cj]

We have had severe hail damage on the north side of our house. It is
aluminum siding of which I have been told is no longer being produced.
We have an insurance adjuster coming over Saturday and I want to be
ready for him.

1)When the adjuster finishes up his paper work and says that he will
replace the siding on the north side only, how do I tell him that he
has to replace all of the siding since the siding he replaces will not
be the same as the rest of the house? How do they figure depreciation
of the siding. I have replacement value on my house and I don't think
that the siding should have depreciation costs involved.

2)I had the roof replaced 6 years ago and we stripped it completely
down to the wood. If the roof has sustained any damage, can I have
them replace the shingles again and strip the roof down again? I am
considering selling the house and want to make it as attractive as
possible.

Thanks for your expertise

CJ

[Isabella N]

>replace the siding on the north side only, how do I tell him that he
>has to replace all of the siding since the siding he replaces will not
>be the same as the rest of the house?

I don't know - we only ever replace the siding on the damaged side of the
house.

There is NO depreciation on your building - as long as you have replacement
coverage - so they shouldn't be taking any depreciation on the damaged side of
the house.

Frequently if you call around, at least in my area, you can find a builder that
has a close match. Of course, sometimes siding fades with age, so then NOTHING
will match, not even the original.

> If the roof has sustained any damage, can I have
>them replace the shingles again and strip the roof down again?

Your policy will pay (I'm assuming) for any storm damage to the roof. If you
have a damaged area of 2x4, we'll replace the 2x4 plus small overlap area.
They won't buy you a brand new entire roof. They WILL go down as far as the
damage exists (ie, if you had some shingles blow off, they'll replace the
blown off shingles. If a tree went through, they'll replace down to the wood,
including felt & shingles).

>I am
>considering selling the house and want to make it as attractive as
>possible.

Your policy won't "improve" the house, just put you in the same position as
before. You should DEFINATELY bring your agent into the scene, explaining that
you won't get as much for your house when you sell it if the siding doesn't
match. That's what you pay your agent for.

Lots of luck!
Isa

Why do they call it "tourist season" if you can't shoot them?

[Jeremy Instone]

> We have had severe hail damage on the north side of our house. It is
> aluminum siding of which I have been told is no longer being produced.
> We have an insurance adjuster coming over Saturday and I want to be
> ready for him.

Whilst the siding may not be produced any more there may still be stocks
somewhere or there may be a second hand salvage market which could
supply weathered siding quite closely matching that already in place.

> 1)When the adjuster finishes up his paper work and says that he will
> replace the siding on the north side only, how do I tell him that he
> has to replace all of the siding since the siding he replaces will not
> be the same as the rest of the house?

See above :)

> How do they figure depreciation
> of the siding. I have replacement value on my house and I don't think
> that the siding should have depreciation costs involved.
> 2)I had the roof replaced 6 years ago and we stripped it completely
> down to the wood. If the roof has sustained any damage, can I have
> them replace the shingles again and strip the roof down again? I am
> considering selling the house and want to make it as attractive as
> possible.

For both of these items, insureds have to remember that the idea of an
insurance policy is to return the insured to a position that they were in
immediately prior to the loss and it definitely is not intended as a policy
to redecorate prior to sale :)

In the case of hail, insureds with definite damage and a definite loss date
fair better than those who decide to claim months and months later
for a number of potential events. If your in the first position you
shouldn't
fair badly.

Jeremy

[Gil Watt]

We had the same problem with hail several years ago. Damaged siding and
roof. Our problem was similar in that the corner pieces we had were no
longer made plus our house had been painted. Our insurance company replaced
the entire roof and gave us enough money to cover the cost of replacing the
siding and having the whole house painted to match. We added money to the
settlement and had the house done in vinyl. The insurance company was
willing to work with us since the house couldn't be restored to original
condition before the hail damage.

cj <joc...@hotmail.com> wrote in message
news:a784eb27.0105...@posting.google.com...

[CW9371]

>>replace the siding on the north side only, how do I tell him that he
>>has to replace all of the siding since the siding he replaces will not
>>be the same as the rest of the house?

if only 1 side has damage your out of luck. Basically you need to have damage
on 3 sides to get the whole house resided.

Christopher Wilcox, President
CGW Insurance/Investments
Registered Investment Advisor
www.cgwi.com
cwi...@cgwi.com

[Tony Braga]

claim filing information is available at http://www.sure-net.com/deserve.html