Replacement Cost to roof, theft, etc.

When you have a claim on your home insurance for your roof, theft, or anything your will recieve 2/3 of the amount of damage which insurance companies call the depreciated amount.  Assuming you have replacement cost on your policy you will receive the full amount to replace your roof, theft items etc. to where they were before the damage when you have replaced your roof, bought the stolen items etc.  Then you will receive the other 1/3.  Your responsibility will only be your deductible.  If you do not replace your damaged roof, replace your stolen items etc. you will not receive the other 1/3.  If you have another hail storm and did not replace your roof or repair the damage you received the first time you will not recive reimbursement for the second damage to your roof.  A good insurance agent can help guide you through this process.