THE TOP 3 INSURANCE COMPANIES (From our project managers experience)

After 30+ years we want to share a few storm restoration industry facts and the top 3 insurance companies we’ve enjoyed working with throughout Illinois, Indiana, and the midwest. Why does our opinion matter? We’d be doing you a disservice by not disclosing the GOOD INSURANCE COMPANIES we’ve dealt with. Keep in mind our experience is with Homeowners Policies and Commercial Property Polices, and we cannot provide insight for vehicles, etc.

If you don’t see your insurer on this list, please don’t cancel your current provider and  change your policyholder. However, you should annually request quotes to make sure you’re not getting fleeced in premiums! It’s also, important to understand your policy terms and the endorsements, because without the appropriate endorsements you might be in a compromising situation.

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Top 3 Insurance companies

  1. CHUBB Insurance: $$$   

    • This company is based out Warren Township, New Jersey and one of the largest publicly traded casualty insurance companies in the North America. So there publicly traded and fair? From our experience they’ve been very transparent and great communicators with the homeowner
    • CHUBB is not the cheapest homeowners policies but they offer a tremendous Homeowners Masterpiece package that provides the following and more:
      • Extended replacement cost: After damage that’s covered by your policy, Chubb pays to have your home repaired or rebuilt to original specs and up to modern building codes, even if the cost exceeds your policy limit. This coverage is capped in some states.
      • Cash settlement: If you opt not to rebuild after total loss damage, or to rebuild elsewhere, Chubb will provide cash up to the amount of your policy.
      • Home appraisal: Chubb’s appraisers visit your home, estimate replacement costs, recommend the amount of coverage you need and offer security and safety advice.
  2. AMICA MUTUAL INSURANCE: $$

    • Amica is based out of Lincoln, Rhode Island and  was voted the #1 auto insurance provider by NerdWallet.com (Money Blog).
    • We’ve dealt with AMICA throughout many south suburb communities in Illinois such as South Holland, Lansing, Crete, and Beecher.
    • In 2017 we worked 3 homeowner policies with AMICA and all 3 jobs were paid in full and the adjusters were easy to contact, timely in their adjustment, and most importantly were willing to discuss supplements/appropriate install.
  3. STATE FARM: $$

    • State Farm is probably the largest/most popular insurance provider that we have on our recommended list. We’ve dealt with a lot of State Farm insurance claims and have experienced the good/bad/ugly. We’ve noticed if the damage is evident and is covered within your policy they are a very easy organization to work with.
    • We’ve worked on many claims with State Farm, when the homeowners had no  covered damage (wear and tear), but believed the insurance company owes them a new roofing system. These appointments are often unknown to us when we arrive and we look like a deer in the headlights with the adjuster.

 

Companies we don’t recommend:

All State, Church Mutual, Travelers Insurance

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TIPS: Regardless of your Insurance Provider:

  1. Review your deductible YEARLY! We’ve encountered claims where the homeowner’s belief was not his reality. Due to the influx of recent storms, many providers are shifting to a % of your house value for an insurance claim.
  2. % of your house value deductible: Very much like the tax assessor or county government, insurance companies often OVERVALUE properties, which result in a larger deductible for you. Make sure your home is appropriately insured. There is nothing wrong with being over insured  BY CHOICE or within liability.
  3. See if you have the Ordinance & Law Endorsement on your insurance policy. There is absolute NO REASON to avoid this endorsement. If it raises your premiums $5 to $15 a month it’s by worth it. This endorsement covers everything that must be brought up to current building code or mandated per your town.
  4. Do you have an ACV policy or Replacement Cost policy? You can find this out by looking at your Insurance Declaration page. ACV policy will pay your the Cost of Replacement – Depreciation (Age of your systems) = ACV policy.  Replacement Cost will pay the per date cost of that item. Replacement Cost is superior to ACV. Actual Cost Value Polices are often found on distressed buildings.
  5. If you deal with a claim. Call a trusted contractor or public adjuster. Do not believe that the insurance adjuster is acting in your best interest. Many homeowners don’t understand depreciation. You will need a contractor to assist in the restoration process, so you might as well have them assist in building out estimates and reviewing the scope on your behalf.
  6. The mortgage company might be on the check. Before you get angry or bent out of shape, this makes complete sense. Almost 50% of the homes in the United States are on mortgage loans, which means you DO NOT own your home yet! The mortgage company is an endorser until they’re ensured the work will be completed per scope or by a reputable company. They are vested partners on the property until it’s paid in full.

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We consider ourselves the hybrid model of a licensed contractor. Our staff is experienced in both retail construction and storm restoration. It’s common, for many organizations to be one dimensional and there’s nothing wrong with either. Companies have their niches and that’s what makes our economy so great.  For instances, if the economy slows (recession) this tends to hinder discretionary spending = slow retail market and when there’s no damaging storms (hail, tornados, hurricanes, etc) = no storm industry.

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2018 Mock Draft – Home Building Products

Every year products come and go within the home improvement market. We compiled our favorite building products to work with regardless of architectural specifications, current home trends, or style of your home. We drafted them in order of their intangibles: cost, quality, appearance, market availability, and longevity. Our company can stand by all these products due to their varying strengths and the manufacturers track record. If you have questions regarding the products please reach out to TRC (We have a ton of samples/literature) or review the products yourself on their webpage.

Round 1

Home-changing Prospects

  1.   Da Vinci Roof Scape Slate Tiles               Position – Roofing

    • We selected this synthetic product due to it’s unique characteristics, visual appearance, and current lack of market saturation. This product was built to mimic slate/ cedar appearance while maintaining it’s cost advantage over the real stuff. Recommended for premium home builds.
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  2. LP Building Product Smartside               Position – Siding

    • Is LP the stuff with a product recall in the early 00’s? Yes, Louisiana Pacific had issues in the early 00’s, BUT have reformulated their resin and have not had issues in over a decade. In fact, their exterior product is one of the fastest growing siding products in North America. Recommended for premium home builds or vinyl substate.
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  3. Royal Building Product’s Celect               Position – Siding

    • The most common siding products in North America is vinyl with the recent growing demand for engineered wood and fiber cement, the vinyl industry created this product. A system that emulates JH and LP appearances, but is much easier for the installer, safer, and maintenance free. This product is raw, but has high upside! Recommended for premium home builds or vinyl substate.
    • Celect Siding
  4. Polyglass Modified Bitumen                           Position – Roofing

    • Polyglass is owned by the largest sealant/coating manufacturer in the world and is headquarters in Florida. This manufacturer has been widely popular in Florida for it’s coatings and quality, but has entered the midwest market. If you have a modular home, sunroom, or commercial flat roof then this product is the ideal selection. With the correct installer this product can carry a 15 to 20 year product warranty from registered vendors! Recommended for commercial projects and sunrooms.
    • Poly glass
  5. GAF Glenwood Roofing System                                Position – Roofing

    • This high-end roofing shingle from GAF manufacturing is one of our favorites due to its overall appearance. It’ll give you’re home a STRONG WARRANTY, but more importantly the Hobbit like appearance. This product has been offered for less than 5 years, but asethically is one of our favorite asphalt based shingles on the market!  Recommended for premium home builds.
    • Glenwood Shingle
  6. GAF Camelot Roofing System                                   Position – Roofing

    • The GAF Camelot’s are the shingle of choice by the owner of Total Roofing & Construction Services, Inc. has on his home. These designer shingles are 50 year warranted products and are HEAVY. If you’re hoping for hail damage on your home these are not the shingles to buy, but if you want to avoid damage then order them today. Extremely durable and have a nice clean finish. Recommended for premium home builds.
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  7. Owens Corning Berkshire Roofing System           Position – Roofing

    • The Berkshire is equivalent to the GAF Camelot shingle in warranty, appearance, but is a bit more expensive in the midwest market. Recommended for premium home builds
    • OC
  8. James Hardie Siding System                                      Position – Siding

    • James Hardie has been well known of the last decade for their product appearance and as an alternative to the vinyl/plastic market. This Australian owned company has strong warranties and history of product durability.  Recommended for all home builds.
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  9. Worthouse Metal Roofing System                           Position – Roofing

    • We enjoy North American manufacturers and distributers for the local economy. This metal roofing system is based out Illinois and has demand growing throughout the world. A great substrate if you dislike asphalt roofing shingles. The warranties about the same as the premium roofing materials previously drafted. We believe the longevity is here, but the appearance of the GAF & OC products are still ahead of Worthouses. Recommended for all home builds.
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  10. GAF TPO Roofing System                                     Position – Flat Roofing

  11. Owens Corning Atticat Blown-in Insulation       Position – Insulation

  12. Sunrise Windows – Vinyl Replacement             Position – Windows

  13. Velux Solar opening Skylight    Position – Windows

    • A high end skylight. No questions about it. Most skylights carry a 10-year warranty. This product does have the 10-year warranty, but it has the ability to opening and close completely off the grid.  Recommended for bungalow homes or second story homes with poor air flow.
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  14. GAF Golden Pledge Roof System with Timberline Shingles  Position – Roofing

    • Most common architectural roofing installed in North America. This is a great pick up with the #15 draft pick. Recommended for all home builds.
  15. Owens Corning Solar Attic Fan   Position – Ventilation

  16. Behr Marquee Paint    Position – Painting

    • We do 5-10 interior home painting jobs a year and continue to swear by these manufacturers. These paints are more expensive, but the coats are much thicker and easier to wash throughout the years. We recommend 2 coats, even if the manufacturers states one coat. Recommended for all home builds.
    • Behr
  17. APA certified 1/2″ plywood  Position – sheathing

    • We recommend tossing the 3/8″ and OSB plywood off your next project. Whether you’re building a shed, home, or roof please go with a 1/2″ plywood substrate. We do not believe installing the manufacturer minimum is worth it for you. Unless you’re installing a Zip system, this should be your homebuilders starting substrate. If you’re in the process of an insurance adjustment, seek the 1/2″ plywood rather than what was installed in the 1970’s! Recommended for all home builds.
  18. Owens Corning Duration Roof System    Position – Roofing

  19. Plygem Vortex Vinyl Siding   Position – Siding

  20. Firestone TPO Roofing System  Position – Roofing

  21. Quality Edge Gutter system with Leaf Relief  Position – Gutters

  22. Plygem Camden Pointe DL Siding System  Position – Siding

    • Similar to Royal Building Products, Plygem is one of the largest exterior building product companies in North America. We believe Camden Pointe is a great pick-up with the #23 pick due to its cost, quality, and available color selections. All styles are available from board & batten, shake, dutch lap, and more! Recommended for all home builds and budget conscious
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  23. El Dorado Stone Façade   Position – Siding

  24. TAMKO Heritage Roofing System     Position – Roofing

  25. Owens Corning Attic Baffles   Position – Ventilation Accessory

  26. GAF DeckArmor   Position – Roofing Accessory

  27. Variform Trim Coil  Position – Soffit/Fascia

  28. Owens Corning ProArmor Synthetic Underlayment   Position – Roofing Accessory

    • Synthetic Underlayment? Spend the $100 to $400 on a nice underlayment that goes under your shingles. Especially if you’re considering the premium products such as Berkshire, Camelot, Glenwoods, and etc. The building specifications still ask for #15 lb. Felt Underlayment in most municipalities, which has been code for over 25+ years! Building products have improved drastically in 25 years, so why not use the the new products? 
  29. Mi Replacment Windows   Position – Windows

  30. Atlas Pinnacle Roofing System Position – Roofing 

  31. Quality Edge Aluminum Soffit System  Position – Ventilation