Insurance · 5 min read

How Pricing Works on Insurance Roof Jobs: RCV and Your Written Estimate

On insurance jobs, the contract price is the insurer-approved Replacement Cost Value, and a written good-faith estimate is available on request. Here's how it works, plus RCV vs. ACV and what happens when something's missed.

October 10, 2026

Key takeaways

On insurance jobs, our contract price is the Replacement Cost Value (RCV) your insurer approves for the agreed scope, including your deductible, which you pay.
There is no separate retail contract or competing retail price for insurance jobs.
A written good-faith estimate is available by email on request, prepared by your project manager, who can also explain the RCV.
If items are missed or found at tear-off, we document them and you request a supplement from your insurer. Your insurer decides coverage.

If your roof is being replaced or repaired through an insurance claim, here's how pricing works with Providential, in plain English.

This is general information, not insurance or legal advice. Every policy is different. Read your own policy and ask your insurance agent or insurer how it applies to you.

The contract price is the insurer-approved RCV

On insurance jobs, our contract price is the Replacement Cost Value (RCV) that your insurer approves for the agreed scope of work. That figure includes your deductible, and you, the homeowner, are responsible for paying your deductible. There is no separate retail contract or competing retail price for insurance jobs.

You get a written estimate

A written good-faith estimate is available by email on request. It's prepared by your project manager, who can also explain the RCV and how it relates to your project. If you're curious what goes into an estimate, our line-by-line roofing estimate guide walks through the typical items.

We don't decide what your insurer pays, and we can't tell you what your claim will be worth. Your insurer determines the scope and the amount under your policy.

A good-faith estimate is available in writing by email on request.

Where the insurer's numbers come from

Insurance adjusters generally build their scope using industry-standard estimating software and pricing data. That gives the estimate a consistent, line-item structure: tear-off, underlayment, roof covering, flashing, and so on, priced by quantity.

Our part is documentation. During our free roof inspection, we photograph and record the condition of your roof, including the areas that are easy to miss from the ground. You can share that documentation with your insurer however you choose. For a walk-through of the claim process itself, see our Florida roof insurance claim guide.

What happens if something was missed

No estimate is perfect, and some things simply can't be seen until the old roof comes off. Common examples include:

Code-required items that apply when a roof is replaced under the current Florida Building Code.
Drip edge and similar components that weren't listed on the original scope.
Hidden decking damage that only shows up at tear-off.

When we find items like these, we document them with photos and notes. You then request a supplement from your insurer, using that documentation if you choose. The claim is yours, and the supplement request is yours too. Your insurer decides whether and how the additional items are covered under your policy.

RCV vs. ACV, in plain English

You'll see two terms come up again and again:

Replacement Cost Value (RCV) is the cost to repair or replace damaged property with materials of similar kind and quality today, without subtracting for age and wear.
Actual Cash Value (ACV) is the replacement cost minus depreciation, the reduction for age, wear, and condition. An older roof will usually have more depreciation than a newer one.

Florida law requires insurers to offer replacement cost coverage on homeowners' policies, but both types of policies exist. Your declarations page and policy wording tell you how a loss is settled for your home. If you're not sure which you have, ask your agent.

What "recoverable depreciation" means

On many replacement cost policies, the insurer pays in stages. The first payment is typically the actual cash value, less your deductible. The difference between ACV and RCV, often called the depreciation holdback or recoverable depreciation, may be released after the work is completed, where your policy provides for it. Florida's statute on homeowners' replacement cost coverage (section 627.7011) describes this general approach for dwelling losses.

Policies vary in what they require to release that holdback, such as a final invoice or proof of completion, and in timing. Check your own policy, or ask your agent or insurer, so you know what to expect before the job starts.

What we do, and what we don't

Providential Roofing & Construction is a licensed roofing contractor, Certified Roofing Contractor CCC1333042 and Certified Residential Contractor CRC1333797. We are not a public adjuster. That means:

You file your own claim. The claim is strictly between you and your insurance company.
We don't interpret your policy, advise you on coverage, or promise what your insurer will pay.
We don't negotiate or adjust claims on your behalf.
We never pay, waive, or rebate insurance deductibles, and we don't offer gifts or incentives for inspections or claims.

What we do is inspect and document your roof's condition, and then restore it to current code with a dedicated project manager from start to finish. If your roof is being replaced, it's also a good time to think about wind-resistant features. Our article on how we help you get wind-mitigation ready explains what's practical during a reroof.

Florida law requires us to tell you:

The consumer is responsible for payment of any insurance deductible.
It is insurance fraud punishable as a felony of the third degree for a contractor to knowingly or willfully, and with intent to injure, defraud, or deceive, pay, waive, or rebate all or part of an insurance deductible applicable to payment to the contractor for repairs to a property covered by a property insurance policy.
It is insurance fraud punishable as a felony of the third degree to intentionally file an insurance claim containing any false, incomplete, or misleading information.

Questions about your roof?

If a storm has you wondering about your roof, start with a free roof inspection. We'll document what we find and walk you through it, with no pressure. Request a free roof inspection or call (941) 226-4000.

Frequently asked questions

Do I get a written estimate on an insurance roof job?

Yes. A written good-faith estimate is available by email on request, prepared by your project manager, who can also explain the RCV. On insurance jobs, the contract price is the Replacement Cost Value (RCV) your insurer approves for the agreed scope, including your deductible. There is no separate retail contract.

Do I still pay my deductible?

Yes. The consumer is responsible for payment of any insurance deductible. We never pay, waive, or rebate deductibles, and Florida law makes doing so with intent to deceive an insurer a felony.

What is the difference between RCV and ACV?

Replacement Cost Value (RCV) is the cost to repair or replace with similar materials today, without subtracting for age and wear. Actual Cash Value (ACV) is replacement cost minus depreciation. Your policy determines how your loss is settled, so check your declarations page or ask your agent.

What is recoverable depreciation?

On many replacement cost policies, the insurer first pays the actual cash value, less the deductible, and may release the held-back depreciation after the work is completed, where the policy provides for it. Requirements and timing vary by policy, so confirm with your agent or insurer.

What if the insurer's scope misses something?

If we find items such as code-required components, drip edge, or hidden decking damage at tear-off, we document them with photos and notes. You can then request a supplement from your insurer. Your insurer decides whether and how additional items are covered.

Will Providential handle my claim for me?

No. You file your own claim, and the claim is between you and your insurance company. We're a licensed roofing contractor, not a public adjuster, so we don't interpret policies, advise on coverage, or negotiate or adjust claims. We document your roof and do the work.

Sources

Section 489.147, Florida Statutes (prohibited property insurance practices) · Section 627.7011, Florida Statutes (replacement cost coverage) · Florida Department of Financial Services: Homeowners Insurance Overview

General information only, not insurance or legal advice. Policies, coverage, and claim requirements vary by insurer and policy, and rules change. Read your own policy and confirm specifics with your insurance agent or insurer. Providential Roofing & Construction is a licensed roofing contractor, not a public adjuster.

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