The Bold North Insurance Fire Damage Timeline
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Bold North Post-Flood Inspection
After you contact Bold North due to fire or smoke damage, a member of our team visits your property to inspect the damage, ensuring your property is thoroughly assessed and all issues are identified.
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Homeowner Files A Claim
(1 – 2 days later)
If damage is found during the inspection, the homeowner files an insurance claim to start the process of receiving coverage for repairs or replacements.
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Insurance Adjuster's Visit
(1 – 2 weeks later)
An insurance adjuster arrives on site to inspect your property, assesses the damage, and determine the amount of coverage your insurance policy will provide.
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ACV Check Receipt
(2 – 3 weeks later)
The homeowner receives the Actual Cash Value (ACV) check, which represents the initial payment for the claim. If necessary, the homeowner sends the check to the mortgage company for endorsement.
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Material Selection & Payment
(Depends On Damage)
The homeowner selects their new materials and writes a check for the combined amount of the ACV payment and the deductible to Bold North, securing the necessary funds for the project.
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Project Completion & Invoicing
(1 – 2 weeks later)
Bold North Roofing & Contracting completes the agreed-upon work and submits an invoice to the insurance company, detailing the job done and the costs incurred.
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Depreciation Release & Final Inspection
(1 – 2 weeks later)
The insurance company releases the depreciation payment, while the mortgage company conducts a final inspection to verify that the work has been completed to satisfaction.
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Final Payment
(1 – 2 weeks later)
The homeowner pays Bold North the remaining balance, concluding the restoration project and ensuring their property is protected against future weather-related damages.
