Hey, this is Jeremy from Shine Insurance. Today, we're going to talk about roof claims, specifically wind or hail damage to your roof. We have a ton of these claims happening in my area right now. I deal with clients every day who are experiencing these kinds of claims. So, I wanted to create a video to walk you through it and help you understand your insurance policy and how it would respond. Whether you're currently experiencing a roof claim or just want to be prepared for when one happens, let's get started. First, let's discuss why insurance companies have different rules for your roof compared to the rest of your house. It's actually set up in a different way. Then, we'll go over the three types of roof coverage. The best type is replacement cost, followed by actual cash value, and finally, no roof coverage, which you definitely want to avoid. We'll take a look at all of these. But before we dive in, here's a little-known fact: more than 40% of all homeowners insurance claims involve wind or hail damage to the exterior of your house. This could include your siding or gutters, but the majority of these claims involve your roof. Insurance companies are motivated to limit their risk with specific coverage options for your roof. They know they will have to pay out a lot of money for roof claims, which will in turn increase your premium. In response, they have created a separate name for the kind of damage that usually happens to your roof. It's called wind hail coverage. Take a look at your homeowners policy, and you should find a reference to wind hail coverage specifically. If you don't see it, you need to figure out what it is and where it is, because almost every...
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Proof of claim supplement 2 Form: What You Should Know
These reasons are: (1) A substantial property loss; (2) A total and permanent disability or sickness; (3) The loss of income; (4) Loss of the use, production, repair, or other value of tangible personal property; (5) Loss of the use, production, repair, or other value of intangible property; (6) The financial loss of the debtor; or (7) Loss of the use, production, repair or other value of tangible personal property. (b) Contents. (1) When the claim is against a creditor, the proof of claim must set forth a plan of distribution that shows the terms of an equitable distribution of the debtor's tangible and intangible property, including any property that is protected by any applicable chapter 11, 12, 13, 15, or 16 debtor protection plans, if any provision of the plan would be applicable to the claim. (2) The proof of claim must be mailed to the creditor, accompanied by a fee set forth on the form if the claim is for an amount less than 5,000. If the claim is for more than 5,000, the proof of claim must be mailed to the creditor in the same manner as a final bill (including mailing receipt and return receipt) for the particular claim. (3) A proof of claim filed with the United States Bankruptcy Court must be sent by certified mail. If a final judgment of bankruptcy is entered in the case, the United States Bankruptcy Court also appoints as the receiver a receiver who will conduct any sale or other disposition of the debtor's nonexempt tangible personal property at such time, in such manner, and to such extent, as the United States Bankruptcy Court directs. (4) If the claim is for an amount of any value exceeding 5,000, a copy of the proof of claim must be sent directly to the creditor. The letter must show the following: (A) The nature of the creditor's claim; (B) The amount and date of loss; and (C) The amount of the creditor's proposed equitable distribution. [In the case of a claim against a credit union, see Rules of Bankruptcy Procedure (12 FR 1749)].
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Video instructions and help with filling out and completing Proof of claim supplement 2
