Your insurance claim has been approved, now what? a guide to insurance checks

Insurance estimates are made complicated by design, paying your contractor doesn’t have to be. There are 4 parts to your insurance claim.

  • The Deductible—Your project manager will handle the collection of your deductible before the job commences, ensuring a smooth start to your project.
  • The 1st Insurance Check—Your insurance company releases your checks in stages. Your first insurance check will be released prior to the build.
  • Supplements—Once your roof has been installed, your public adjuster will work on your behalf to obtain supplemental funds to completely cover the cost of your project. The insurance company will release this check at completion.
  • Depreciation—At the completion of your project, the remaining insurance funds are released to close out your claim. Once this final balance is received, we will register your warranties and issue a Waiver of Lien to protect any party from filing a lien on your home.

The deductible and the 1st insurance check are the initial payments. The supplement and depreciation are collected once your project is complete and your insurance company receives proof of completion.

Interested parties must endorse each insurance check before Peachtree Restorations can deposit it for the project. Typically, the parties involved are you, the homeowner, your hired Public Adjuster, and, if applicable, your mortgage company.