Professional General Contractors in Cedar Rapids, IA

The deductible is to be the first dollar amount paid by the insured on each claim. It normally is expensed in one of three ways: paid to water mitigator, paid to contractor, or amount taken out of content settlement.

Actual Cash Value is the value of the loss after depreciation has been removed. In replacement cost policies, the depreciated amount will be recoverable if the loss is reconstructed.

Depreciation is the value that represents the wear and tear of materials over a given period of time. Almost all materials have a normal life they will last before they expire.

A check endorsement from a mortgage company is normally obtained by filling out paperwork/packets from your mortgage company. If you are not issued one, you should contact them immediately.

Drying water-damaged homes is a science of using proper evaporation rates along with equivalent dehumidification to remove moisture from the air. This process is monitored by using the relationship of relative humidity and temperature. This relationship is called psychometrics. Regular household dehumidifiers are made to maintain humidity levels and are not capable of keeping up with the massive amount of humidity caused by water damage. Trying to dry your home out yourself can actually make the situation worse.