Are Roofs Covered By Homeowner’s Insurance?
Homeowner’s insurance policies are one of the most important ways to protect your property from serious damage due to weather and other accidents. There are a large number of different insurance plans available from various providers on the market, and needless to say, not all policies are going to offer the same coverage. With that said, most homeowner’s insurance plans do cover roofs in a similar way. If you are curious about the roof of your home, and what is and is not covered by insurance, here are a few tips to keep in mind.
Know Your Plan
Before you begin asking questions about what is and is not covered, it is always a good idea to speak with your insurance agent and go over your plan. Reading insurance contracts can be tedious and difficult for the average homeowner, so speaking with an insurance agent is a good way to simplify the process.
Rule of Thumb
The majority of insurance plans are going to offer some type of coverage for roofs. In many cases, this will cover replacement or repair that results from damage. Depending on the location of your home, your insurance provider may offer coverage for specific weather events, such as tornadoes, hurricanes, hail, or wind. When looking for information on roof coverage, always check specific sections of your policy that may cover damage due to weather. Different sections of your policy may provide different information when it comes to roof coverage.
Ask your agent about the type of policy you have. Does your policy pay for the full replacement cost or cost lest depreciation? Ask about how big your deductible would be if there is a claim and are you comfortable with that amount. Ask if you have building code upgrades or Ordinance coverage on your policy. If not my may get stuck with a big bill to bring any repairs into current building code compliance. Ask if your policy has a cosmetic endorsement. If it does, dents and damage to siding might not be covered.
Damage to your roof can also occur in other ways. One of the most common causes of roof replacement is wind and hail damage. In some of these cases, homeowners can receive different levels of compensation based on their policy for replacement costs, deductable, and code coverage.
Generally, homeowners insurance will not cover roof replacement that is needed due to age and general deterioration. Roofs need to be replaced on the order of every 20-50 years, and those costs will usually fall on the homeowner. In order to get the most out of your insurance policy, make sure that your roof and gutter systems function well, and are well maintained. This will help to extend its lifespan, and will also put you in a better position to argue for more compensation in the event of weather damage or other issues.
Having a professional assessment of various parts of your home is always a benefit when it comes time for homeowner’s insurance claims. Roof Worx is happy to provide customers with a quick and easy assessment of their roof by a certified contractor. We advise a roof assessment any time there are changes made to a homeowner’s insurance policy after the damage has occurred, and every few years.