Keep in touch with your insurance agent (in good times, too!)
When big things happen in your life life call your insurance agent. It is understood you should call your insurance agent if you have an accident or disaster that requires a claim. But there are many non-emergency important life changes that can impact your insurance coverage.
Actual Cash Value vs. Replacement Cost
If a policy uses an Actual Cash Value (ACV) determination, then it calculates the cost to replace a roof less depreciation based on age, condition, etc.
What to do when you are faced with storm damage
Check on your insurance now if you have not had any storm damage. Before storms hit, another important step to take is to check to make sure you have the proper insurance coverage you would need in the case of a direct hit from a tornado or other severe weather.