6000 American Parkway Madison, WI 53783-0001
June 13, 2014 Phone: 1-866-881-4318 Fax:1-866-774-4561
Email: [email protected] KOGAN, MARAT 5327 LORENCE RD MINNETONKA, MN 55345 Claim Number: 00225050560 Date of Loss: 8/6/2013
The attached estimate of damages has been prepared for your property. The estimate has used common prices for labor and material from your area.
Enclosed is our draft for the actual cash value of your damaged property. For Dwelling and Structure damages, we may have included your mortgage company on the draft as required by your policy.
Summary For Dwelling
Replacement Cost Value Less Recoverable Less Non Recoverable Actual Cash Value (ACV)
Depreciation Depreciation
$15,815.86 ($170.84) <$2,739.52> $12,905.50
Less Deductible ($5,000.00)
Total ACV Settlement $7,905.50
Less ACV Payments Made ($2,535.72)
Total Outstanding ACV Settlement $5,369.78
See the enclosed estimate for details of your settlement which may include other itemized details not shown above.
Depending on the type of policy listed below, if an amount is shown in the Recoverable Depreciation column, you may make a claim under the Replacement Cost provisions of the policy by:
Commercial Policies:
1. Replacing or Repairing the damaged items as soon as reasonably possible.
2. You must submit a final bill or purchase receipt showing the item(s) has been repaired or replaced. Farm/Ranch Policies:
1. You must have the item(s) replaced or repaired within one year from your date of loss. *Exception: For Washington policies ONLY - Please refer to your policy language as well as the section of this estimate titled Claiming
Recoverable Depreciation following the Estimate Recap or Coverage Limit Details sections.
2. You must submit a final repair bill or purchase receipt showing the item(s) has been repaired or replaced.
Some items may not be eligible for Replacement Cost coverage. Dependent on your type of policy, other conditions may also apply. Please refer to your policy under either Valuation of Covered Property or Optional Coverages; Replacement Cost. For Farm/Ranch policies, please refer to the specific Dwelling Form and/or Farm Outbuilding Replacement Cost Coverage Endorsement, if applicable.
include permit fees. If total charges for repair/replacement plus permits exceed the amount shown here for that
repair/replacement, prior to any deductible, then additional amounts may be payable. If the actual cost is more or less, the final payment will be adjusted accordingly. If you wish, you may repair or replace with higher quality items, however, you will be responsible for any increase in cost.
Please present this estimate to a contractor or repair facility of your choice BEFORE you authorize the start of repairs. We will not accept any supplements for damage unless they have had prior approval by a representative of American Family Insurance. If you, your contractor, or repair facility have any questions, please contact us at (608) 218-0914.
American Family Insurance appreciates your business.
Thank You, Brian Wolfe
KOGAN, MARAT 00225050560 6/13/2014 Page: 3
Insured: KOGAN, MARAT Phone: (612) 328-6060
811 MAINSTREET HOPKINS, MN 55343
Claim Rep.: Brian Wolfe Estimator: Brian Wolfe
Claim Number: 00225050560 Policy Number: 22XF893901 Type of Loss: Wind and/or Hail
Coverage Deductible Policy Limit
Dwelling $5,000.00 $0.00
Date Contacted: 10/14/2013 4:18 PM Date of Loss: 8/6/2013
Date Est. Completed: 6/13/2014 11:22 AM
Price List: MNMN7X_OCT13
Estimate Recap For Dwelling
Recoverable Non-recoverable
Description RCV Depreciation Depreciation ACV
House - Exterior - Roof1 15,550.79 170.84 2,739.52 12,640.43
House - Exterior - AC/Electrical Repair 265.07 0.00 0.00 265.07
15,815.86 170.84 2,739.52 12,905.50
IMPORTANT - Please read the definitions below
What is replacement cost (RCV)?
Replacement cost is the cost to repair the damaged item with an item of like kind and quality, without deduction for depreciation.
What is depreciation?
Depreciation is the amount deducted from the replacement cost based upon the age and condition of the item being replaced.
What is actual cash value (ACV)?
Actual cash value is based on the cost to repair or replace the damaged item with an item of like kind and quality, less depreciation.
If your home is older than 1978 it may contain lead painted materials. The EPA may require contractors
to follow special procedures to contain and/or remediate lead from the damaged area. If a lead test is taken
and your home was found to contain lead, American Family Insurance requires you to notify us before
beginning any repairs. Please be aware that the EPA regulations consider lead to be a pollutant. Your policy
KOGAN, MARAT 00225050560 6/13/2014 Page: 5 KOGAN__MARAT
House Exterior
Roof1
2379.83 Surface Area 23.80 Number of Squares 261.67 Total Perimeter Length
Description Replacement Cost
Qty Unit Price Total Depreciation Actual Cash Value
The following line items account for the replacement of the hail damaged bitumen roof.
Based on a physical inspection, the bitumen roofing appears to be 4 years old. It is in average condition. Based on a life expectancy of 20 years, final depreciation taken is 20%.
1. Remove Tear off, haul and dispose of modified bitumen roofing
23.80 SQ $44.81 $1,066.48 <-$213.30> (20%) $853.18
2. Replace Modified bitumen roof
23.80 SQ $301.16 $7,167.61 <-$1,433.52> (20%) $5,734.09
3a. Remove Exhaust cap - through roof - 6" to 8"
2.00 EA $7.95 $15.90 -$3.18 (20%) $12.72
3b. Replace Exhaust cap - through roof - 6" to 8"
2.00 EA $77.43 $154.86 -$30.97 (20%) $123.89
4a. Remove Exhaust cap - through roof - up to 4"
9.00 EA $7.95 $71.55 -$14.31 (20%) $57.24
4b. Replace Exhaust cap - through roof - up to 4"
9.00 EA $67.99 $611.91 -$122.38 (20%) $489.53
Supplement
7. Remove Tear off modified bitumen roofing (no haul off)
23.80 SQ $32.21 $766.60 <-$153.32> (20%) $613.28
8. Remove Tear off modified bitumen roofing (no haul off)
23.80 SQ $32.21 $766.60 <-$153.32> (20%) $613.28
9a. Remove Flash parapet wall only
261.67 LF $1.76 $460.54 <-$92.11> (20%) $368.43
9b. Replace Flash parapet wall only
261.67 LF $13.26 $3,469.74 <-$693.95> (20%) $2,775.79
10. Replace Boom lift - 30'-45' reach
1.00 DA $225.00 $225.00 -$0.00 $225.00
11. Dumpster load - Approx. 12 yards, 1-3 tons of debris
Roof1 continued...
Description Replacement Cost
Qty Unit Price Total Depreciation Actual Cash Value
12. Taxes, insurance, permits & fees (Bid item)
1.00 EA $0.00 $0.00 -$0.00 $0.00
Building permit fee to be included once cost is incurred.
Totals $15,550.79 -$2,910.36 $12,640.43
AC/Electrical Repair
Description Replacement Cost
Qty Unit Price Total Depreciation Actual Cash Value
The following line item is for the repair to the hail damaged fins on the 2 ac units on roof. 5. Replace Comb and straighten a/c condenser fins - with trip charge
1.00 EA $168.73 $168.73 -$0.00 $168.73
6. Replace Comb/straighten a/c cond. fins - w/out trip charge - Large
1.00 EA $96.34 $96.34 -$0.00 $96.34
This is considered a repair, no depriciation applies.
Totals $265.07 -$0.00 $265.07
Replacement Cost
Total Depreciation Actual Cash Value
