NUECES CONSTRUCTION
Residential Construction, Repairs and Improvements
BBB Accredited Business Since 1988		Serving the Texas Gulf Coast
"Always on time, always on budget."		Free estimates 361-993-8205

Insurance Claims

Nueces Construction will honor all Insurance claims with an Insurance Adjuster report.

Your only out of pocket expense is your deductible.

Question: Do you offer free estimates for Insurance Claims?
Your Insurance company will send out an Adjuster to provide you with an "Adjuster's Report" listing all visible damage at time of inspection. You may contact us for your Insurance Claim but we will not set an appointment until you have your Adjuster's report in hand for review. The Adjuster's report is your Estimate for the repairs and the amount is what our company will do the repairs for. Nearly all insurance reports are low and additional supplements will have to be filed by the contractor performing the work.

Question: Exactly what does the Insurance company pay to replace?
Your insurance will pay for Replacement cost only. If you desire upgrades, you are expected to pay the difference plus any overhead and margins to the contractor.

Question: What is a deductible and who pays for it?
A deductible is an amount which a policyholder agrees to pay, per claim or per incident, toward the total amount of an insured loss. For example, if you incur a loss and your insurance company determines that repairs for the damages are going to cost, $1000.00 and your policy has a $250.00 deductible, your insurance company will pay $750.00 and it will be your responsibility to pay the remaining $250.00 balance to the contractor.

Question: What does ACV and Depreciation mean?
Actual Cash Value (ACV) is the cost of replacing or restoring property at prices prevailing at the time and place of the loss, less depreciation, however caused. For example, if an item is worth $100 new, is expected to last for 5 years and you have owned the item for 2 1/2 years, then the ACV of that item could be established as 50% of its original value. The amount subtracted from the replacement cost value based upon the percentage of the ACV is typically referred to as Depreciation. Depreciation is a decrease in the value of property over a period of time due to wear and tear or obsolescence. Depreciation is used to determine the Actual Cash Value of property at the time of the loss. Under most cases the ACV is refunded after the job is completed and an invoice presented to the insurance company from your contractor. Depreciation is how the insurance companies project themselves from Homeowners who do not complete the repairs or replace the items but instead opt for the cash.

Question: I don't think the Insurance company paid out enough to have my home repaired?
Insurance companies expect supplements from the contractor. If is very easy for an Insurance Adjuster to miss several items while doing their estimate. Every Insurance company has a Supplement Team to deal with additional cost. Your only out of pocket expense is your deductible.

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