Replacing a roof is a costly affair. If you are not prepared for it, then you are in for a financially stressful experience. But, that does not have to be the case if you decide to invest in a homeowner’s insurance policy. If your property is covered, the insurance policy will protect you from financial loss in case of unexpected roof damage. This is why many New Albany roofers now work with insurance companies to help homeowners plan in advance for roof replacement costs. Whether your property is protected or not, it is important to understand what to expect from home insurance policies that include coverage for roof damage.
Know What Your Insurance Policy Covers
Cause of damage is the first thing that any insurance company will look at in order to decide whether a damaged roof qualifies for replacement. In most cases, coverage is provided for damage caused by unpreventable accidents. Vandalism and fires are two such perils that fall in this scope. It is also standard practice for most insurance companies to offer coverage for roof damage in the event of natural disasters such as destructive lightning strikes, hail or wind storms.
Most insurance companies send over their own inspector to assess damage and determine whether you qualify to make a claim. Keep in mind that it is the responsibility of the homeowner to care for and maintain his/her roof. Therefore, claims may be denied if it is established that damage resulted from poor roof maintenance or negligence.
Factors that Determine How Much You’ll be Reimbursed
There are two factors that determine whether your homeowner’s insurance policy will cover the full or partial cost of a new roof. First of all, the extent of the damage will play a big role in determining how much you will be reimbursed. For instance, your roof could incur damage from one of the specified perils in your policy but a large part of it remains intact. In this case, the insurance company may opt to repair or replace only the damaged section instead of footing the bill for a complete replacement.
Having been one of the long serving New Albany roofers, we seen various home insurance providers take into account the age of a roof in different ways when it comes to covering property damage. For instance, some insurance companies cover the full cost of replacing or repairing the damaged section if your roof is less 10 years old. Other carriers will only reimburse the depreciated value depending on how much service life your roof had left prior to damage.
How to Increase Chances of Having Roof Damage Insurance Claims Approved
The process of filing an insurance claim for roof damage is not always easy. That is why it is important to be proactive in ensuring you receive proper settlement for your loss should you incur damage from a covered peril. To begin with, chop down any dead trees or trim overhanging branches that could potentially fall on a home during violent storms. If you ignore such obvious danger, it could be grounds for having your claim denied because of property negligence. In addition, make sure that your roof is always in good condition to avoid having your claim denied due to poor maintenance. This can be achieved by scheduling regular inspections from professional New Albany roofers like us so that minor problems can be caught early and repaired on time.
We can also take before and after photos whenever repairs are done for your own record keeping. Having such information on file along with roof repair invoices and any bills you receive will ease the claims process.
In conclusion, remember that home insurance providers may have different policies when it comes to coverage offered for roof or property damage. The best way to know what your policy covers is to read the fine print or speak to your home insurance carrier.