Replacement cost value (RCV)
An RCV policy pays to replace damaged property with new materials of like kind and quality, minus your deductible. Many insurers pay in two parts: an initial payment, then recoverable depreciation after the work is complete.
Actual cash value (ACV)
An ACV policy pays the depreciated value of your roof. The older the roof, the more depreciation is subtracted, so the payment may be far less than the cost of a new roof. Check your policy so you know which you have.
Deductible
Your deductible is the portion of the cost you pay. In Texas it is illegal for a contractor to waive, rebate or absorb it. Some policies use a percentage of your dwelling coverage for wind and hail deductibles.
Scope of loss
The adjuster’s scope lists the items and quantities the insurer will pay for. Review it carefully with your roofer. Missing items such as flashing, vents or decking can sometimes be added through a supplement with proper documentation.
If your claim is denied
Ask for the denial in writing, get an independent inspection and gather evidence. A reinspection with the adjuster may be possible if new evidence of storm damage is found.