The quickest way to find out if insurance pays, what’s covered, or what is not is to contact the insurance provider directly. Coverage will often depend on many factors. This includes the age of the roof, what area you live in, and many other factors. It’s important to first know the specifics of your individual policy.
Homeowner’s Insurance for Roofs
Homeowner insurance policies usually provide coverage for roof damage caused by unpreventable reasons like vandalism or fire. Insurance policy also cover “Acts of God,” like a hurricane or tornado. Wind, rain, and hail should also fall under your home insurance policy. There are many factors that determine if you will have ample coverage. And if so, how much will you receive from your insurance company. The same aspects that apply to a roof may also apply to any exterior property as well. Exterior property is anything that attaches to the outside of your home. This includes siding and gutters.
Aging Roofs and Insurance Policies
Depreciated Roof Valuation
Some policies account for the age of your roof when assessing damages. If your roof is less than 10 years old, the full cost of repairing or replacing a damaged section of your roof may be covered. Or, reimbursement may only be the depreciated value of the damaged roof. The depreciated value takes the age and wear on your roof into account. Damages may lower the value of your roof. Some policies may only offer roof damage coverage up to the depreciated value. They calculate this figure without considering the age of the roof. More than likely, your insurance will not take into account the roof upgrades you previously had.
Full Cost Valuation
Other policies may cover the full cost of repairing or replacing the damaged area of your roof. Often, the insurance company will send an inspector to your home to research and verify a claim. If the damage comes from aging, wear, and tear, or poor condition of your roof, it might be normal maintenance. This will likely not receive coverage under your insurance policy.
In some cases, water damage from flooding or surface water damage may need a different policy. Mold caused by continued water damage or leaking might not be included in your insurance policy. Preventing damage and inspecting the property regularly are important responsibilities as the homeowner. They could help avoid plenty of unnecessary damage. If you have leaks from a damaged roof, then remove furniture or any other belongings that might get water damage.
Prevent Needing a New Roof
To replace a roof or exterior property is an expensive and time-consuming process. It’s important to take the steps you can to prevent more damage from occurring:
- Have the roof inspected often by a professional who can help locate areas that need repairs.
- Replace any broken and worn shingles as they occur. You may want to use impact-resistant shingles. They may be more expensive, but they’re made to resist damage from hail and more. This will save you money in the long run and may reduce insurance costs.
- Have any dead trees removed from your property that might fall onto your home.
For more information, check out: How Much Does a New Roof Cost
Claims Process for Roofs
To make the claims process easier, and to get a proper settlement for damages, take some photos of your roof and exterior property on a regular basis. Also, update these photos if you have any maintenance or repairs done. After the damage occurs, then take a new set of photos for comparison. Record and document the damages, including any estimates, invoices, or bills you receive. Having all this information filed should ensure a smooth and hassle-free claims process.
It’s important to remember that insurance companies will cover roof and exterior property damage differently. Even the same company might have varied coverage based on your state or the age of your roof and property. Policies will also differ in limits, deductibles and certain exclusions to your coverage. The only way to be sure of what your policy will cover is to talk with your insurance provider about all the details.