You can generally keep your insurance claim check and do home repairs yourself, but you should consult your mortgage company first, document the process with photos, save receipts, and be aware of policy time limits. Any excess funds from cost savings can be kept, but upgrades are out-of-pocket.
Navigate Structural Damage Insurance Estimates Effectively: Discover key insights on ACV and RC payments, the significance of accurate damage assessment, and the role of trusted contractors. Learn the importance of material sample retention, managing upgrades, and including mitigation costs.
This blog post offers guidance on managing homeowners insurance claims, focusing on proper documentation of damages and valuables, understanding Actual Cash Value (ACV) and Recoverable Cost (RC) policies, and strategies for a smooth settlement.
